Godavari Biorefineries Ltd. had a disappointing market debut today, listing at ₹308 on the NSE, which is 12.5% below its IPO price of ₹352. This weaker-than-expected opening reflects initial market challenges for the company’s stock.
As of 10:03 AM, the stock price stood at ₹319.45, down 9.25% from the IPO price, showing a decline of ₹32.55. The stock opened at ₹308.00, hitting a high of ₹332.00 and a low of ₹308.00 in early trading.
The muted response to Godavari Biorefineries’ listing highlights investor caution amidst broader market volatility. The performance in the coming sessions will be closely monitored as the company positions itself in the competitive bio-refinery sector.
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