Nykaa, Policybazaar, Tega among 11 recently listed shares to hit new lows

FSN E-Commerce Ventures (Nykaa), PB Fintech, the parent company of Policybazaar, Tega Industries, Tarsons Products and Aditya Birla AMC were among 11 stocks from the BSE IPO index hit new lows.

Shares of recently listed companies were under pressure with the S&P BSE IPO index down as much as 4 per cent on the BSE in Monday’s intra-day trade after a sharp correction in these stocks on profit booking.

FSN E-Commerce Ventures, more commonly known as Nykaa, PB Fintech, the parent company of Policybazaar, Tega Industries, Tarsons Products, Aditya Birla Sun Life AMC, SJS Enterprises, Indigo Paints, Anand Rathi Wealth and Glenmark Lifesciences were among 11 stocks from the BSE IPO index to hit their respective lows since listing.

At 10:44 am; the S&P BSE IPO index, top loser