Metro Brands Shares Decline Over 1% On Debut Trade
NDTV
During the day, Metro Brands shares tumbled 14.78 per cent to Rs 426.10. They settled at Rs 493.55, a discount of 1.29 per cent
Shares of billionaire investor Rakesh Jhunjhunwala-backed footwear retailer Metro Brands on Wednesday listed with a discount of nearly 13 per cent from the issue price of Rs 500 and settled over 1 per cent lower.
The stock listed at Rs 436, a decline of 12.8 per cent against the issue price on Bombay stock exchange (BSE). During the day, it tumbled 14.78 per cent to Rs 426.10. It settled at Rs 493.55, a discount of 1.29 per cent.
On National stock exchange (NSE), it made its debut at Rs 437, a discount of 12.6 per cent. It settled at Rs 493.35, lower by 1.33 per cent.
The company commanded a market valuation of Rs 13,400.25 crore on BSE.
