Sensex, Nifty correct after hitting record highs; PSP Projects falls 7%

Sensex, Nifty correct after hitting record highs; PSP Projects falls 7%

Monday, May 29, 2017


Sensex Down
Construction firm PSP Projects has a tepid listing on Monday. The share price opened at Rs 195 on the National Stock Exchange, down 7 percent compared with issue price of Rs 210.

At 10:01 hours IST, the stock was trading at Rs 193, down 8 percent from issue price. In pre-opening trade, the stock settled at Rs 190 on the exchange despite good subscription.

The company’s IPO, which was open during May 17-19, was oversubscribed 8.58 times.

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