Shares of Northern Arc Financial fell 13% from their listing price of ₹350, trading at ₹316.90 as of 12:12 PM, due to profit booking by investors. Despite debuting at ₹350 and hitting an intraday high of ₹350, the stock has seen a significant sell-off, with an intraday low of ₹308.20.
Stock Price Details:
- Listing Price: ₹350.00
- Current Price: ₹316.90
- Intraday High: ₹350.00
- Intraday Low: ₹308.20
- IPO Offering Price: ₹263.00
The stock’s decline comes after its recent listing, with investors capitalizing on early gains. Northern Arc’s IPO, which had a price band of ₹249 to ₹263 per share, saw strong initial demand but is now facing pressure as traders lock in profits.
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