Inox Green Energy Services on November 23 disappointed investors with its share price performance as the stock closed way below issue price on listing day.
The stock, as expected, opened at a discount, falling 7.7 percent to Rs 60 on the NSE, compared to issue price. The stock was completely in control of bears as it did not seen even its issue price during the day.
It touched an intraday high of Rs 64 and low of Rs 58.35 before closing with a 9 percent fall at Rs 59.10. The closing price was same on both the exchanges.
In volume terms, the wind power operation and maintenance service provider traded with volume of 4 crore shares on the NSE, and 33.99 lakh shares on the BSE.