Vedant Fashions falls 12% in three days post listing; nears issue price

The stock has fallen 12 per cent from its listing day high of Rs 993 on February 16, 2022. Currently, it is trading just 1 per cent higher over its issue price of Rs 866 per share.

Shares of Vedant Fashions, the owner of ethnic wear brand Manyavar, were trading lower for the third straight day on Monday, falling 3 per cent intra-day to Rs 877.05, which is close to its issue price of Rs 866 per share on the BSE. This comes after the company made a decent market debut last week.

The stock has fallen 12 per cent from its listing day high of Rs 993 on February 16, 2022. Currently, it is trading just 1 per cent higher over its issue price. 

Vedant Fashions' shares were listed at Rs 936, an 8