Tremendous debut of Go Fashion’s IPO, double jump in shares on the first day, Sensex-Nifty improve
Tremendous share market debut of Go Fashion IPO, good rise in Sensex-Nifty.
Mumbai:
On Tuesday, November 30, 2021, there is a good improvement in the stock market. Both the indices have shown improvement since the market crash in the last few days. At the same time, today Go Fashion’s IPO has been listed in the market and the company has made a tremendous debut on the day of listing itself. Company Shares got listed at its issue price of Rs 690 with an increase of about 91 percent. In BSE (Bombay Stock Exchange), the company’s stock was listed at Rs 1,316 with a gain of 90.72 percent on the issue price. Later it was trading at Rs 1,341 with a gain of 94.34 percent. The company’s stock was listed on the National Stock Exchange with a gain of 89.85 percent at Rs 1,310.
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The initial public offering (IPO) of the company, which is owned by women’s apparel brand Go Colors, was subscribed 135.46 times last week. The price range for the company’s Rs 1,013.6 crore IPO was in the range of Rs 655 to Rs 690 per share.
On the other hand, if we talk about the opening today, the Sensex climbed more than 500 points in early trade on Tuesday due to gains in the shares of Tata Consultancy Services (TCS), Infosys and Bajaj Finance. The BSE 30-share Sensex rose 504.75 points, or 0.88 per cent, to 57,765.33 points in early trade. Similarly, the Nifty of the National Stock Exchange was trading at 17,203.60 with a gain of 149.65 points or 0.88 percent.
Among the Sensex companies, POWERGRID’s share rose the most by five percent. Shares of Axis Bank, Tech Mahindra, Bajaj Finance, Bajaj Finserv, SBI, TCS and Infosys were also gainers. On the other hand Dr. Reddy’s stock was in loss.
In the previous trading session, the Sensex closed at 57,260.58, up 153.43 points or 0.27 per cent. On the other hand, Nifty was at 17,053.95 points with a gain of 27.50 points or 0.16 per cent.
(Except for the headline, this news has not been edited by the NDTV team, it has been published directly from the Syndicate feed.)