HUDCO impresses on debut; closes at 20.25 per cent premium

DSIJ Intelligence / 19 May 2017

HUDCO impresses on debut; closes at 20.25 per cent premium

HUDCO's pre-open indicative price stood at Rs 73.45, as against issue price of Rs 60.

HUDCO had an impressive debut on the bourses on Friday. The stock managed to close at Rs 72.15, up by 20.25 per cent from its issue price of Rs 60 per share. However, the stock slipped 1.77 per cent from its opening price of Rs 73.45 on the BSE, a premium of 22.41%.

HUDCO's pre-open indicative price stood at Rs 73.45, as against issue price of Rs 60.

HUDCO made an intra-day high of Rs 77.80 in the early morning session on Friday, thus clocking a gain of 28.3 per cent from its issue price. The stock made a low of Rs 70.55 on intra-day basis.

The broader market was volatile on Friday. BSE Sensex closed at 30464.92 , up by 30.13 points or 0.10 per cent.

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