Tuesday, 3 November 2015

Coffee Day Enterprises ends 18% lower on debut day; Stock Market Tips

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On the BSE, it ended at Rs 270.15, down Rs 57.85, or 17.64 percent, touching an intraday high of Rs 318 and an intraday low of Rs 266. It was trading with volumes of 3,799,555 shares on BSE.

It was a disastrous debut day for Coffee Day Enterprises at Dalal Street. The company, which is primarily into coffee business, did not see many takers as it opened for trade on Monday. Shares of CCDEL ended at Rs 270.45 on the NSE. It lost 19 percent intraday from its issue price of Rs 328 per share. Pre-opening rate was at Rs 317 per share. 

The company which operates popular brand Cafe Coffee Day had opened IPO for subscription during October 14-16 and was subscribed 1.64 times at price band of Rs 316-328 a share.

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