Tulsi Extrusions, a manufacturer of PVC pipes, has surged to a new high of Rs 143.45 before closing the day at Rs 139.50, up by Rs 54.5 or 64.12% over its offer price of Rs 85. It traded with volumes of 3,62,33,746 shares on the BSE.
The stock opened at Rs 93.45, which is its intraday low and remained above Rs 100 through the day.
The BSE and NSE volume is nearly six times its total issue size of 1,24,95,100 shares.
In an interview with CNBC-TV18, Pradip Mundhra, Managing Director said, the company would achieve sales of Rs 138 crore in 2009 and the PAT will be around Rs 15 crore.
On the NSE, the stock closed at Rs 140.85, up 65.71% or Rs 55.85, with volumes of 3,67,91,341 shares. It has opened at Rs 99 and touched a high of Rs 144.50. The turnover for the day at Rs 477 crore.
The company had come out with public issue issue of 57,00,000 equity shares of Rs 10 each during February 1 and February 5, 2008. The price band for the issue was between Rs 80 and Rs 85.
Source: Moneycontrol.com
Monday, February 25, 2008
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