New Document top_band
 
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

Read more on:    Ipo | Tara Jewels | Pc Jewellers
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 (). 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

Liberty Shoes dips on weak Q1 numbers

Liberty Shoes lost 6% to Rs 301 on the BSE after the company's net profit surged 1% to Rs 3 crore

Copper up 0.9% on global cues

Metal for delivery in far-month November contracts traded higher by 0.86%

Metal shares gain as China PMI at 18-month high

Tata Steel, Hindalco, Sesa Sterlite, Jindal Steel, JSW Steel and SAIL 1-4% on the Bombay Stock Exchange.

Sugar down 0.3% on profit-bookings

Commodity for delivery in August shed 0.20%

Silver down 0.6% on profit-booking, global cues

In the international market, metal fell by 0.5% to $20.80 an ounce in Singapore

Back to Top