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Jvg Scrip Under Bse, Dse Watch


The former has slapped a Rs 25-special margin on the stock to check the price spurt on listing. JVG had come out with a public issue at par some time back. The stock, which was traded for the first time on the Bombay bourse last Thursday, was listed at Rs 100, a whopping Rs 90 over its issue price. The BSE took precautionary measures after the stock notched up a trading volume of 2.5 crores on that day. A probe has also been ordered to ascertain the causes of the high prices and volumes, an exchange official said.

The highest price that was witnessed by the stock was Rs 103. On Friday last, however, the prices fell. It had opened the day at Rs 94, losing Rs 6 over its overnight close of Rs 100, and closed at Rs 90.30.

Meanwhile, the DSE has also sought the views of the BSE on the trading pattern of the company's scrip. According to a senior official, the bourse is closely monitoring the scrip but has not found any reason to suspend it due to heavy trading volumes.

First Published: Wed, September 18 1996. 00:00 IST