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

5 companies get Sebi go-ahead for IPOs this year

According to analysts, the IPO market may see a revival this year

Unofficial gold imports rose 75% in 2013: Survey

The government's curbs were after a rise in gold import to $56 bn in 2012-13

Jaggery prices shoot up, in line with those of sugar

Farmers have shifted a large amount of high-quality cane (about 10%) to jaggery units so that these fetch 5-10% premium over the standard price ...

Cotton exports hit as China shifts policy

Raw cotton export may fall 20% in the next crop year as against 6% this year; rise in finished yarn exports adds to woes

Sugar exports: Industry restive over delays in subsidy revision

For February-March, the rate decided was Rs 3,300 a tonne; that for April-May was to be announced in the last week of March

Back to Top