Listing of Nitco Tiles
March 21st, 2006 by AnalystNitco Tiles was listed today. It was not a great listing. The shares were allotted for Rs. 168. The stock opened at 180 and then came down to touch Rs. 161. On the higher side the stock crossed Rs. 189 and closed at Rs. 183.25.
This was less or more expected. Market did not expect any thing better than this. The stock closed about 9% above its issue price.
