Bharat Dynamics makes weak debut; lists 16% below issue price

The stock listed at Rs 360, a 16% below against its issue price of Rs 428 per share on the BSE

Bharat Dynamics made a weak debut by listing at Rs 360, a 16% below against its issue price of Rs 428 per share on the BSE. On the National Stock Exchange (NSE), the stock opened at Rs 370.

A discount of Rs 10 on the offer price was offered to the retail individual bidders.

At 10:04 am; Bharat Dynamics was trading at Rs 396, a 10% higher from its opening level on the BSE after hitting a high of Rs 403 post its listing. The S&P BSE Sensex was down 1.1% at 32,636 points. A combined 1.31 million