EMS hits new high, soars 16% in 2 days; commands 46% premium to issue price

A combined 1.22 million equity shares representing 2.5 per cent of total equity of EMS have changed hands in first 25 minutes of trade on the NSE and BSE.

Shares of EMS hit a new high of Rs 322.20, as they rallied 6 per cent on the BSE in Friday’s intra-day trade on the back of heavy volumes. The stock of the company, engaged in water supply & management business, has soared 16 per cent in past two trading days.

The stock now trades 46 per cent higher over its issue price of Rs 221 per share. EMS made its stock market debut on September 21, 2023. A combined 1.22 million equity shares representing 2.5 per cent of total equity of EMS had changed hands on the NSE