Jyothy Laboratories witnessed good buying interest today. It has opened at Rs 895 (an intraday high) but due to profit booking, it fell to a low of Rs 741.15 in an intraday trade. The stock had remained below Rs 800 through the day.
It closed the day a Rs 780, a premium of 13.04% over its issue price of Rs 690 on the NSE. The stock traded with volumes of 51,36,540 shares and the turnover was at Rs 406 crore.
The stock had opened at Rs 799 and touched a high/low of Rs 880 & Rs 752.60 on the BSE. It ended at Rs 793.70, with volumes of 36,65,127 shares.
The company had entered capital market with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share and raised Rs 305.67 crore from the issue. The issue had subscribed 45.83 times.
FMCG company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Source: Moneycontrol.com
Wednesday, December 19, 2007
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