iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

EMS Shares Soar 33% on Debut, Despite Bearish Dalal Street

21 Sept 2023 , 07:52 PM

Despite a challenging market environment, EMS shares concluded their listing day with an impressive gain of nearly 33%, demonstrating resilience on Dalal Street, which faced bearish pressure for the second consecutive session. The Nifty50 index had retreated by 480 points from its all-time high.

EMS shares commenced trading on the BSE with a strong 33.43% increase, opening at Rs 281.55. While this figure was slightly below the anticipated 40% gain, it still outperformed market expectations given the prevailing market conditions.

During the pre-opening session, the stock briefly dipped to an intraday low of Rs 268.60. However, once the normal trading session began at 10 am, it maintained levels above Rs 270. The stock reached its highest point of the day at Rs 290.85.

Ultimately, EMS shares settled at Rs 279.75, marking an impressive 32.58% increase in value. The trading volume amounted to 18.2 lakh shares on the BSE.

EMS Limited, a company specializing in water and wastewater management with a strong emphasis on government projects, successfully raised Rs 321.24 crore through its initial public offering. The IPO had a price range of Rs 200 to Rs 211 per share.

Related Tags

  • EMS issue price
  • EMS listing price
  • EMS opening price
  • EMS share price
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.