Financial Daily from THE HINDU group of publications
Saturday, Mar 11, 2006
Financial Daily from THE HINDU group of publications Saturday, Mar 11, 2006 |
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Markets
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Stocks Gitanjali ends at a discount Our Bureau
Mumbai , March 10 Shares of Mumbai-based Gitanjali Gems made its debut on the stock markets on Friday at Rs 215 (on the BSE), but closed at a discount of 14.28 per cent at Rs 167.60, compared to the offer price of Rs 195 per share. On the NSE too, the shares listed at a premium at Rs 210, before slipping below the offer price to close at Rs 167.60. Dealers said the stock prices went down on profit booking. The company raised Rs 332 crore through the IPO last month for funding its expansion plans involving setting up retail stores across the country.
More Stories on : Stocks | Gems & Jewellery | IPOs
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