BSE stock down nearly 18% from listing price

Shares of BSE, India's first stock exchange to go public, have fallen nearly 18 per cent till date from their listing price of Rs 1,085 last month.
On a losing spree for the seventh consecutive day today, the scrip of Asia's oldest stock exchange went down by 2.88 per cent to end at Rs 890.70 on NSE. Intra-day, it lost 3.34 per cent to Rs 886.50, it lowest close so far.
On the volume front, over 8 lakh shares changed hands on NSE.
In seven trading sessions, the stock has fallen by 9.5 per cent. From its listing price of Rs 1,085, the stock is down nearly 18 per cent.

The bourse made a blockbuster debut earlier last month, with a huge premium of nearly 33 per cent over the IPO price.
Since then, the stock has witnessed rise in only five sessions and today's closing price of Rs 890.70 per share is the lowest recorded by the exchange.

The issue by BSE was open for bidding from January 23-25. The IPO saw robust investor demand and was subscribed 51.22 times. The price band was fixed at Rs 805-806.
Volumes have plunged by more than 94 per cent to 8.38 lakh today compared to 1.57 crore on the listing day.

Besides, its turnover has declined to Rs 75.10 crore at end of the trade today from Rs 1,759.34 crore a month-ago.
BSE had reported a 17 per cent decline in consolidate net profit to Rs 63.73 crore in the October-December quarter of the current fiscal.
However, its total income had increased to Rs 174.72 crore in the third quarter, from Rs 160.56 crore in the same period a year ago.