Sintex Plastics makes a tepid debut, closes in lower circuit of 5%

The stock locked in lower circuit of 5% at Rs 123.50 after hitting high of Rs 136.50 on BSE.

After making a mosdest debut on the bourses, Sintex Plastics Technology pared all its intraday gains to hit its lower circuit of 5% at Rs 123.50 on BSE. 

The stock fell 9.5% from its intra-day high of Rs 136.50. It opened at Rs 130, and saw no buyers on the counter by the closing. 

Till 03:30 pm; a combined 23.63 million shares changed hands and there were pending sell orders for 304,117 shares on the BSE and NSE. Shares of Sintex Plastics have been admitted to dealings on the exchange in the list of T group of securities.

The company makes prefabricated structures,