Gandhar Oil Refinery (India) has made a robust stock market debut, with shares listed at Rs 298, a 76 per cent premium over its issue price of Rs 169 per share on the National Stock Exchange (NSE) on Thursday. The stock of lubricants company started trade at Rs 295.40 on the bourses.
Post listing, the stock price of the company more-than-doubled or zoomed 104 per cent to Rs 344.60 on the BSE. At 10:02 AM; it was quoting at Rs 328.85, a 95 per cent premium over its issue price. In comparison, the S&P BSE Sensex was down 0.33 per cent at 66,684.
