HOV Services Ltd lists at Rs.204, closes down 10.9% below issue price

The shares of HOV Services Ltd which was listed today in BSE and NSE closed below its issue price. In NSE, the stock opened the day at Rs.204 and hit a high of Rs.234. Finally, the stock closed at Rs.178.2 after hitting a low of Rs.177.25. The shares were issued at Rs.200 in the recent IPO and current market price is 10.9% less than the issue price.

In BSE, the stock opened at Rs.200 and hit a high of Rs.208.8 and low of Rs.177.1. The stock closed at Rs.179.75, down by 10.12% over its issue price of Rs.200.

Source : Equity Bulls

Keywords