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PSP Projects gains 5% to hit upper circuit after poor debut on Monday

The stock trading at Rs 219.35, above its issue price of Rs 210 per share.

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters
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Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters

SI Reporter Mumbai
PSP Projects is locked in upper circuit of 5% at Rs 219.35, trading above its issue price of Rs 210 per share, after making a poor debut on the bourses on Monday.

The stock of a construction firm had made a tepid debut at Rs 199 on the BSE, a 5.5% discount against its issue price.  It finally settled at Rs 208.95, after hitting an intra-day low of Rs 189 on Monday.

On the National Stock Exchange (NSE), the stock was trading 5% higher at Rs 209.45, still quoting below its issue price. It listed at Rs 190,