Rossari Biotech makes strong debut; share price jumps 64% over issue price

The stock rallied 64% to Rs 698 against issue price of Rs 425 on the BSE.

Shares of Rossari Biotech made a strong debut by listing at Rs 670, a 58 per cent premium against its issue price of Rs 425 per share on the BSE on Thursday. Minutes later, the stock extended its gains and rallied 64 per cent to hit a high of Rs 698 on the exchange.

On the National Stock Exchange (NSE), too, shares hit a high of Rs 695, after opening at Rs 669. At 10:02 am, the stock was trading at Rs 677, a 59 per cent higher on the NSE and BSE. A combined around 5 million equity shares