Shares of Hindustan Copper fell 4% to close at Rs 62.45
They've bid for more than 50 million shares against govt's offer of 29.6 million shares
The stock dipped 8% to Rs 65.25 after the government fixed floor price of Rs 64.75 per share for OFS
Income from operations up 9.2% to Rs 248.6 cr; expenses up 2.4% to Rs 237.7 cr
Retail portion of OFS garners just 30% subscription with 3.8 million bids against 12.9 million on offer
Centre will raise Rs 400 crore as part of disinvestment programme
The stock has hit a high of Rs 63.40 and a low of Rs 62.10 on the NSE so far
The government is selling 64.7 million shares, and has set a floor price of Rs 62 to raise Rs 402 cr
Shares of the company on Monday hit a 52-week high of Rs 73.60 a scrip at the BSE