Mumbai: Ramky Infrastructure, the flagship company of the Ramky Group, had a mixed debut on the stock exchanges today.
The stock opened flat on the Bombay Stock Exchange, against its issue price of Rs450, then slipped over 12% to Rs393.75 in the first hour of trade. It did better on the National Stock Exchange, opening nearly five per cent higher at Rs471.55.
Over 60 lakh shares of the company were traded on the two bourses in the first hour of trade. The Ramky Group is in the business of construction and infrastructure as well as environment and waste management.
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