Business Standard

Tara Jewels hits lower circuit, slips below issue price

There are pending sell orders for 177,750 shares on the BSE and NSE

Related News

declined nearly 5% for the second day in a row, and was locked in lower circuit at Rs 219 on the BSE, with no buyers on the counter.

The stock of the Mumbai-based jewellery manufacturer and retailer got listed at Rs 242 on Thursday, is currently trading below its issue price of Rs 230 per share. A combined around 8,000 shares have already changed hands on the counter and there are pending sell orders for 177,750 shares on both the exchanges.

Tara Jewels has listed and admitted to dealings on the Exchange in the list of ‘T’ group of securities and the scrip will be in Trade-for-Trade (T2T) segment for 10 trading days.

Under the T2T segment, only delivery-based trading can be done and 100% value at risk margin is collected by the exchanges. If a scrip is shifted for settlement on T2T basis, selling/ buying of shares in that scrip results into giving/ taking delivery of shares at the gross level and no intra day netting off/ square off facility is permitted.

The company had raised Rs 180 crore through the initial public offers (IPO). The company proposed to use the net proceeds of issue for expenses of establishing retail stores and payment of loans.

Read more on:   
|
|

Read More

Two entities fail to make prima facie case to revoke ban: Sebi

The Securities and Exchange Board of India (Sebi) today said the restraining order on two entities, related to plunge in some mid-cap stocks in July, ...

Quick Links

 

Market News

Chana down 1.3% on sluggish demand

Commodity for November delivery fell by 1.27%

Kitex Garments hits record high ahead of board meet

Broker Motilal Oswal starts with a "buy" rating and a target of Rs 651.

NSE chief woos China's financial institutions, stock exchanges

Says working with Chinese to see if there are any roadblocks to investment

Mentha oil down 1.4% on supply pressure

Marketmen attributed the fall in mentha oil futures to high supply pressure amid weak industrial demand

Commexes' turnover drops by 59% in Apr-Aug

The exchanges had generated a business of Rs 58.98 lakh crore in the same period last year

Back to Top