BSE makes a strong debut, settles 33% higher over issue price

The stock hit high of Rs 1,200, up 49% against its issue price of Rs 806 within minutes of listing

Shares of Bombay Stock Exchange (BSE) made a strong debut on Friday, with the scrip listing at Rs 1,085, a 35% premium over the issue price of Rs 806 on the National Stock Exchange (NSE).

The stock hit a high of Rs 1,200, up 49% against its issue price within minutes of its listing. It closed the day 33% higher at Rs 1,070.

A K Prabhakar, head of research at IDBI Capital Markets expects the stock to move even higher from the current levels despite its high