NIACL, IFCI Shares Fall up to 12% Amid Profit Booking as NSE IPO GMP Declines
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4 Articles
Mumbai, Sep 8 (IANS), The shares of New India Assurance Company Limited (NIACL) and IFCI slipped by 14 percent on Tuesday due to the decrease in the GMP (Grey Market Premium) of the National Stock Exchange (NSE). NIACL has imposed an intraday low of 199.52 rupees in its business so far, which is 13.71 percent less than its previous closing price of 231.20 rupees. At 12 noon, it was at 209.50 rupees with a weakness of 9.50 percent on the NSE. NIA…
NIACL, IFCI shares tumble up to 14 as NSE IPO GMP falls
Digital Desk | Mumbai, Sep 8 (IANS) Shares of New India Assurance Company Ltd (NIACL) and IFCI fell by up to 14 per cent in Tuesday's trade as the grey market premium (GMP) of the National Stock Exchange (NSE) IPO declined sharply. NIACL shares declined as much as 13.71 per cent to hit an intraday low of Rs 199.52, down from their previous close of Rs 231.20. At around 12 pm, the stock was trading 9.50 per cent lower at Rs 209.50 on the NSE. …
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