 "Adlabs Entertainment rebounds from intra-day low")
Shares of Adlabs Entertainment have moved higher to Rs 195, bouncing back 26% from its intra-day low after listing below its issue price on the National Stock Exchange (NSE).
The stock of theme park operator hit a low of Rs 155, after listing at Rs 162, a 10% below its issue price of Rs 180, on the NSE.
On the Bombay Stock Exchange (BSE), shares of Adlabs Entertainment touched high of Rs 199 and low of Rs 156 so far. It opened at Rs 168 on the BSE.
The company had issued equity shares to retail individual investors at Rs 168 per share, a discount of Rs 12 per share to the issue price.
A combined 5.81 million shares representing 7.3% of total equity of Adlabs Entertainment have changed hands on the counter so far on the NSE and BSE.
At 1059 hours, the stock was trading at Rs 184 on the NSE.
The stock of theme park operator hit a low of Rs 155, after listing at Rs 162, a 10% below its issue price of Rs 180, on the NSE.
On the Bombay Stock Exchange (BSE), shares of Adlabs Entertainment touched high of Rs 199 and low of Rs 156 so far. It opened at Rs 168 on the BSE.
The company had issued equity shares to retail individual investors at Rs 168 per share, a discount of Rs 12 per share to the issue price.
A combined 5.81 million shares representing 7.3% of total equity of Adlabs Entertainment have changed hands on the counter so far on the NSE and BSE.
At 1059 hours, the stock was trading at Rs 184 on the NSE.