Tega down for the third day in a row post strong debut, down 21% from high

Despite the 3-day fall, the stock continues to command a 33 per cent premium over its issue price of Rs 453 per share

Shares of Tega Industries continued to witness selling pressure for the third straight day, after its strong debut. The stock was trading 2 per cent lower at Rs 602.90, falling 5 per cent from its intra-day high on the BSE on Thursday. The stock of industrial machinery company slipped 21 per cent from its listing day high of Rs 767.10 on December 13, 2021. Despite of the three-day decline, the stock continues to command a 33 per cent premium to its issue price of Rs 453 per share.

Tega Industries had made a strong market debut on Monday, with