NMDC's demerged Chhattisgarh unit hits 5% upper circuit on market debut

A combined, around 7.5 million equity shares had changed hands and there were pending buy orders for 19 million shares on the NSE and BSE till 10:16 AM

Shares of NMDC Steel were locked at the 5 per cent upper circuit at Rs 31.75 on the BSE in Monday's intra-day on its debut. NMDC Steel is the demerged entity from NMDC.

The stock of iron & steel company, which opened at Rs 30.25 and later hit a low of Rs 29.05 on the BSE, saw a combined 7.5 million equity shares changing hands in the first one-hour of trades on the BSE and NSE, the exchange data shows. There were pending buy orders for over 19 million shares. In comparison, the S&P BSE Sensex was up 0.12