Bharat Dynamics Lists At Discount On Stock Exchanges
Shares of the Hyderabad-based defence equipment maker made a weak debut on stock exchanges. The stock opened for trading at a discount of 14 percent at Rs 367.8 per share against its issue price of Rs 428.
The stock fell as much as 16 percent to Rs 360 in early trading.
Bharat Dynamics’ Rs 960-crore initial public offering was subscribed 1.26 times on the last day of bidding.
