Prince Pipes hits highest level since listing; stock zooms 242% in 4 months

The stock rallied 8% in the intra-day trade on Friday to Rs 260, its highest level since its listing on December 30, 2019

Shares of Prince Pipes and Fittings were at Rs 260 -- their highest level since listing -- up 8 per cent on the BSE in the intra-day trade on Friday. In the past four months the stock of the plastic products maker has zoomed 242 per cent from a level of Rs 75.90, as compared to 20 per cent rise in the S&P BSE Sensex.

Prince Pipes and Fittings had made a tepid debut at the bourses on December 30, 2019. The stock got listed at Rs 160, an 11 per cent discount to its issue price of Rs 178.

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