Stove Kraft tumbles for 10th straight day, down 26% from March high

Shares of Stove Kraft had staged a strong debut on the bourses on February 5 as the stock got listed at Rs 498, a 29 per cent premium over its issue price of Rs 385 on the NSE

Shares of recently-listed household appliances company Stove Kraft were trading lower for the 10th straight day, down 6 per cent at Rs 407 on the BSE in intra-day trade on Friday on the back of heavy volumes.

With today’s decline, the stock has slipped 26 per cent from its high of Rs 547 touched on March 3. It had hit a low of Rs 406.95 on February 8. Currently, the stock was trading 6 per cent higher over its initial public offer (IPO) issue price of Rs 385 per share.

Stove Kraft is a kitchen appliances market and