look news india
New Delhi, September 09 (HS). On Monday, 2 new companies entered the domestic stock market through their shares. Shares of Gala Precision Engineering and Jayyam Global Foods became victims of selling after being listed in the stock market today. However, after facing the shock of selling, buyers supported the shares of these two companies, due to which investors were saved from facing losses.
Gala Precision Engineering shares were listed today at Rs 750 on the Bombay Stock Exchange and at Rs 721.10 on the National Stock Exchange. In this way, IPO investors got a listing gain of more than 40 percent. However, investors were shocked when the stock fell to Rs 721 due to selling pressure on the BSE. However, after a while, buyers increased the movement of this stock by buying. After the whole day's trading, Gala Precision shares closed at Rs 787.05 with a gain of 48.78 percent.
However, investors who invested in the IPO of Jayyam Global Foods were not so lucky. This stock, which was issued at a price of Rs 61 under the IPO, was listed today on the SME platform of the National Stock Exchange at Rs 61 without any change. As soon as it was listed, due to selling pressure, this stock came down to the level of Rs 57.95. However, later buyers increased their buying, due to which this index closed at Rs 64.05 with a gain of 5 percent.