Orient Cables Hits Lower Circuit After Blockbuster Debut, Why Shares Have Tumbled Nearly 19% From Listing Price?
Mumbai: shares came under heavy selling pressure on Tuesday, hitting the 10 percent lower circuit at Rs 364.50, just a day after making a blockbuster stock market debut. The sharp reversal has drawn attention after the cable manufacturer’s shares listed at a substantial premium to the initial public offering price. Profit-booking following the strong debut … Read more