Dreamfolks hits new low, falls 35% from listing price on Covid-19 fears

Shares Dreamfolks Services declined 2 per cent to hit a new low of Rs 358.80 in Monday’s intra-day trade, in an otherwise firm market. The stock of airport & airport services company traded at its lowest level after market debut on September 6.

In the past four trading days, the stock fell 14 per cent amid rising Covid-19 cases in China. With Monday's decline, the stock corrected 35 per cent from its listing day high value of Rs 550. At 11:27 AM; it traded flat at Rs 367.10, as against 0.97 per cent rise in the S&P BSE Sensex.