Monday 30 July 2018

TCNS Clothing makes listless debut; falls below issue price

TCNS Clothing has made a listless debut on the bourses by opening at par against its issue price of Rs 716 per share on the National Stock Exchange (NSE). However, it opened at Rs 715, a tad below its issue price. At 10:06 am; the stock was trading at Rs 706, down 1.4% against its issue price, after hitting high of Rs 725 on the NSE and BSE post its listing. It touched a low of Rs 692 on the BSE and Rs 702 on the NSE in intra-day trade so far. A combined 3.23 million equity shares have changed hands on the counter on both the exchanges.


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