Chemcon Speciality shares slip 31% in two days after making a strong debut

The stock slipped 12 per cent to Rs 516, thereby falling 31 per cent in the past two trading days on the BSE.

Shares of Chemcon Speciality Chemicals remained under pressure on Monday, falling 12 per cent to Rs 516.45 on the BSE in the intra-day trade in an otherwise firm market. The stock of the speciality chemicals has slipped 31 per cent in the past two trading days after making a stellar debut at the bourses on Thursday.

Chemcon Speciality Chemicals was listed at Rs 731, a 115 per cent premium against the issue price of Rs 340 per share on the BSE. It touched a high of Rs 743.80 in the intra-day on the exchange on Thursday.

With the past two day’s fall,