Praxis Home Retail locked at 5% lower circuit on debut

The stock locked in 5% lower circuit at Rs 285 on BSE, falling 9.5% from its early morning high of Rs 315

Praxis Home Retail was locked in 5% lower circuit at Rs 285 on BSE, falling 9.5% from its early morning high on listing day. The stock opened at Rs 300 and touched high of Rs 315 after few minutes of its debut on the bourses.

Till 11:46 AM; a combined 3,660 equity shares changed hands and there were pending sell orders for 18,259 shares on NSE and BSE.

The stock trading under ‘T’ group, under which stocks are settled on a trade-to-trade basis and no netting off will be allowed as a surveillance measure.

Pursuant to the