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Jul 17, 2012 02:27 PM IST | Source: Moneycontrol.com

Max Alert Systems closes 146% higher on Day 1

Shares of Max Alert Systems saw huge buying interest on day one, rising 146.25% to close at Rs 49.25 on the BSE.

 
 
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Shares of Max Alert Systems saw huge buying interest on day one, rising 146.25% to close at Rs 49.25 on the BSE.


The stock rallied as much as 157.5% to Rs 51.50 on Friday.

Company had launched its Rs 8-crore IPO during June 28-July 2, 2012. Issue proceeds will be used for setting up of crushing plant (with an outlay of Rs 8.6 crore).

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