PSP Projects gains 5% to hit upper circuit after poor debut on Monday

The stock trading at Rs 219.35, above its issue price of Rs 210 per share.

PSP Projects is locked in upper circuit of 5% at Rs 219.35, trading above its issue price of Rs 210 per share, after making a poor debut on the bourses on Monday.

The stock of a construction firm had made a tepid debut at Rs 199 on the BSE, a 5.5% discount against its issue price.  It finally settled at Rs 208.95, after hitting an intra-day low of Rs 189 on Monday.

On the National Stock Exchange (NSE), the stock was trading 5% higher at Rs 209.45, still quoting below its issue price. It listed at Rs 190,