Accelya rebounds 16% from day's low on receiving strong response for OFS

According to the BSE data, the non-retail portion of Accelya OFS's was subscribed fully or 102 per cent

Shares of Accelya Solutions India hit a 52-week high of Rs 1,184.90 as they rallied 8 per cent on the BSE in intra-day trade on Wednesday, bouncing back 16 per cent from the day’s low of Rs 1,020 on receiving a good response from non-retail investors for the offer for sale (OFS). At 01:22 pm, the stock was up 7 per cent at Rs 1,167, as compared to a 0.65 per cent rise in the S&P BSE Sensex.

According to BSE data, the non-retail portion of Accelya OFS was subscribed fully or 102 per cent, with cumulative bids of 2 million