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It earns 99% of its revenues from overseas markets like US, Canada and the Middle East. Segment wise, engineered quartz make for 83% of its revenue while natural stones make for 17%
The stock was listed with a 5 per cent premuim at Rs 620 on the NSE. This was over its issue price of Rs 590 per share
Post listing, the stock moved higher to Rs 110, 17 per cent higher over its issue price of Rs 94 per share on the NSE
Post listing, the market price of Elin dipped to Rs 235.25, down 5 per cent when compared with its issue price of Rs 247 per share.
Post listing, the stock extended decline and slipped 12 per cent below its issue price to Rs 446.45
Post listing, the stock froze 5 per cent upper circuit at Rs 107.10 and almost doubled or zoomed 98 per cent from its issue price
Shares of Five Star Business Finance opened at Rs 468.8 on the NSE and at Rs 449.95 on the BSE.
CLOSING BELL: The S&P BSE Sensex is now just 265 points shy from its all-time 62,245 registered on October 19, 2021.
CLOSING BELL: A late rally in the market, helped the benchmark indices end the rather lacklustre day with notable gains. Debutant Fusion MicroFinance ended at a 12 per cent discount to issue price.
DreamFolks Services made a strong stock market debut as its shares got listed at Rs 508.70, a 56 per cent premium over its issue price of Rs 326 per share on the National Stock Exchange (NSE)
In the grey market, shares of Dreamfolks Services were trading at Rs 75 per share, which implies listing at Rs 401 per share against the upper price band of issue price.
The price band has been set in the range of Rs 308 to 326 per share and will close on Friday, August 26. The public issue is entirely an offer for sale (OFS) of up to 17.24 million equity shares.
After Zomato's promising start, global tech meltdown halts listing gravy train
This is simply to preserve our operational freedom and culture, said Vembu
Direct impact of rising interest rates might already be discounted by the markets, but secondary impact is not yet fully priced in, says Varun Lohchab, head of institutional research, HDFC Securities
CLOSING BELL: The NSE Nifty50, held the crucial 16,400-mark to shut shop at 16,416, down 153 points
CLOSING BELL: nfosys, ICICI Bank, Kotak Bank, ITC, and Tata Steel were the large-caps that helped the 30-pack index bounce back from lows
At 10:07 am; Paradeep Phosphates was trading at Rs 45.85, up 5 per cent from its opening level on the BSE. A combined around 56 million equity shares had changed hands on the BSE and NSE.
Public offerings at slashed valuations could translate into losses for venture capitalists in late funding rounds
Analysts remain mixed over the Gurgaon-based logistics firm Delhivery due to volatile market conditions and loss-making nature of the company.