Reliance Home Finance locked in 5% upper circuit at Rs 109 on debut

On the National Stock Exchange, the stock has frozen at maximum upper limit of 5% at Rs 107 after listing at Rs 102.

Reliance Home Finance, the demerged home business of Reliance Capital, got locked in 5% upper circuit at Rs 109 on BSE on the first day of its debut in an otherwise weak market. The stock listed at Rs 104 on the BSE.

On the National Stock Exchange (NSE), the stock too frozen at maximum upper limit of 5% at Rs 107 after listing at Rs 102.

Till 10:04 AM; a combined 859,431 shares exchanged hands and there were pending buy orders for 1.42 million shares on the NSE and BSE.

All shareholders of Reliance Capital have already