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Mishra Dhatu Nigam hits highest level since listing; stock surges 15%

The stock surged 15% to Rs 107, its highest level since listing on April 4, 2018 on the BSE, on back of heavy volumes.

Mishra Dhatu Nigam hits highest level since listing; stock surges 15%
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SI Reporter Mumbai
Mishra Dhatu Nigam (MIDHANI) has surged 15% to Rs 107 on the BSE, on back of heavy volumes. The stock was trading at its highest level since listing on April 4, 2018. The trading volumes on the counter nearly doubled with a combined 5.42 million shares changed hands on the NSE and BSE till 11:46 am.

The state-owned iron & steel products company had made a weak debut by listing at Rs 87, a 3.3% lower against issue price of Rs 90 on the NSE and the BSE. A discount of Rs 3- on the offer price was offered