Shares of the three recently listed companies – Angel Broking, Chemcon Speciality Chemicals and Happiest Minds Technologies – hit their respective new lows since listing on the bourses in the intra-day deals on Friday.
Individually, Chemcon Speciality Chemicals slipped 5 per cent to Rs 398.65 on the BSE today. The stock of the speciality chemicals has slipped 46 per cent from its listing day's high of Rs 743.80 hit on October 1, 2020. The company had made a stellar debut and had listed at Rs 731, a 115 per cent premium against the issue price of Rs 340 per share