Indigo Paints hits lowest level since listing, slips 29% from all-time high

The stock was trading lower for the fourth straight day, down 5.5 per cent during the period

Shares of Indigo Paints hit their lowest level since listing at Rs 2,377.70, down 2.7 per cent on the BSE in intra-day trade on Wednesday. The stock was trading lower for the fourth straight day, having fallen 5.5 per cent during the period. With four days of decline, the stock of Indigo Paints has corrected 29 per cent from its high of Rs 3,348 touched on February 3, 2021.

On February 2, Indigo Paints had made a solid debut on the bourses as it listed at Rs 2,607.50, a 75 per cent premium over the issue price of Rs 1,490. Currently,