ICRA Ltd continues its dream run post listing

The shares of ICRA Ltd continued its dream run after listing at a phenomenal premium to the issue price of Rs.330. The shares were listed on Friday - April 13, 2007 in BSE and NSE. In NSE the stock opened the day at Rs.540, up by 63.63% over the issue price of Rs.330. In BSE the stock opened the day at Rs.525, up by 59.09% over the issue price of Rs.330.

The stock closed in NSE on Friday at Rs.803.25, up by 143.40% over the issue price and in BSE the stock closed at Rs.797.60, 141.69% over the issue price of Rs.330.

In NSE today, the stock opened at Rs.857.50 and hit an intraday high of Rs. 963.90 and low of Rs.843. The stock closed at Rs.963.90, up by Rs.160.65 or 20%. 5358978 shares changed hands during the day at an average price of Rs.933.98 resulting in a turnover of Rs.50051.78 Lakhs.

In BSE, the stock opened at Rs.850 and hit an intraday high of Rs.957.10 and low of Rs.830. The stock closed at Rs.957.10, up by Rs.159.50 or 20%. The total traded quantity was 3254395 at a weighted average price of Rs.933.03 compared to 2 week average quantity of 12426046.

The stock was locked at the upper level of circuit limit of 20% in both BSE and NSE. In BSE, there were pending buy orders for 68485 shares at Rs.957.10. In NSE, there were pending buy order for 112788 shares at Rs.963.90.

Source : Equity Bulls

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