Dollar Industries locked in upper circuit on NSE listing

Rupa & Co and Zodiac Clothing too hit their respective 52-week highs on NSE in intra-day trade.

Dollar Industries is locked in upper circuit of 5% at Rs 1,380 on first day of its listing on the National Stock Exchange (NSE) on Friday.

The stock of hosiery company opened at Rs 1,314, have seen 42,816 shares changing hands on the counter so far. At 01:47 pm; there were pending buy orders for 60,833 shares on the NSE.

“The listing of the company is expected to enhance the visibility for the company’s equity shares and also provide liquidity for existing and prospective investors,” Dollar Industries said in a press release.

The company has a market share of over 15% in the branded knitwear market. It has presence in Nepal, Middle East and Gulf countries.

Meanwhile, Rupa & Company (Rs 395) and Zodiac Clothing Company (Rs 240) too hit their respective 52-week highs on NSE in intra-day trade today. At 01:47 pm; Rupa & Company was up 11% at Rs 376 and Zodiac Clothing Company up 4.5% at Rs 230, as compared to 0.26% decline in the Nifty 50 index.