Mumbai: ECE Industries Ltd made its first appearance on the National Stock Exchange (NSE) at a premium of 18.67% against the offer price of Rs 589 at Rs 699.
The company has already been enrolled on the Bombay Stock Exchange (BSE) earlier, and ended at Rs 632.25 on Monday.
During the day, the stock touched an intraday high of Rs 728.95, an intraday low of Rs 602 and finally closed at Rs 637.85 on the NSE.
Indian Stock markets had a very volatile session. The markets started the day on a flat note, but soon touched all time high. As suggested by some Technical Analysts, the markets could not touch the 17000 level. The markets came down sharply and lost the early gains. Profit booking was cited as one reason and another was the Futures and Options closing for the month.
