Shares of leading coffee chain operator Coffee Day Enterprises made a weak debut on the bourses on Monday, plunging nearly 18 per cent, over the issue price of Rs 328.
Shares of leading coffee chain operator Coffee Day Enterprises made a weak debut on the bourses on Monday, plunging nearly 18 per cent, over the issue price of Rs 328.
The stock of Coffee Day Enterprises, which runs CCD chain, listed at Rs 313, a discount of 4.57 per cent over the issue price on BSE. A massive selling soon engulfed the stock and it finally ended at Rs 270.15, reflecting a decline of 17.63 per cent. During the day, the stock plun-ged 18.9 per cent to hit a low of Rs 266. At NSE, shares nosedived 17.54 per cent to settle at Rs 270.45. Volumewise, 37.99 lakh shares changed hands at BSE and over one crore were traded at NSE.
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