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The Economic Times
The Economic Times
Sakshi Kumari

Orient Cables shares tumble 10% a day after strong market debut

Orient Cables IPO Sakshi Kumari NSE SEBI

Shares of Orient Cables tumbled 10% to Rs 364.50 on Tuesday, after its strong market debut on Monday. The stock had listed at Rs 450 on the NSE, at a premium of 65% over its IPO issue price of Rs 272, before closing the session at Rs 405.

At Tuesday's low of Rs 364.50, the stock is down 10% from its previous close. It is also around 19% below its NSE listing price, although it continues to trade about 34% above its IPO issue price.

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