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This newly listed stock has zoomed nearly 100% against its issue price

Shares of Plaza Wires were locked in the upper circuit for the sixth straight day on the BSE

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Photo: Bloomberg

Deepak Korgaonkar Mumbai

3 min read Last Updated : Oct 20 2023 | 11:37 AM IST

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Shares of Plaza Wires were locked in the 5 per cent upper circuit on BSE for the sixth straight day at Rs 107.49 in Friday trade.

There were no sellers on the counter, as of 11:04 am. The stock price of the electrical cables company has almost doubled or zoomed 99 per cent against its issue price of Rs 54 per share. The company made its stock market debut on October 12.

A combined 654,445 equity shares changed hands and there were pending buy orders for a combined around 1 million shares on the NSE and BSE.

Currently, Plaza Wires is trading under

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