Paradeep Phosphates lists at 4% premium; extends rally to gain up to 13%

At 10:07 am; Paradeep Phosphates was trading at Rs 45.85, up 5 per cent from its opening level on the BSE. A combined around 56 million equity shares had changed hands on the BSE and NSE.

Paradeep Phosphates made a decent market debut on Friday, with its shares getting listed at Rs 43.55 on the BSE, a 4 per cent premium over its issue price of Rs 42 per share. Post listing, the stock of the fertiliser company surged as much as 13 per cent to Rs 47.25. On the National Stock Exchange (NSE), the stock opened at Rs 44.

At 10:07 am; Paradeep Phosphates was trading at Rs 45.85, up 5 per cent from its opening level on the BSE. A combined around 56 million equity shares had changed hands on the BSE and