MOIL dazzles on listing,scrip up 24%

Later,the stock pared some of its gains on the back of profit taking and ended at Rs 466.50,up 24.4 per cent versus the issue price.

A similar uptrend was seen at the National Stock Exchange as well,where shares in MOIL closed at Rs 464.20,up 23.79 per cent.

In terms of volume,over nine crore shares of the company were traded on the two bourses.

The attractive pricing of MOIL’s IPO lured the investors,which saw the company making a power-packed debut on the bourses,a market expert commented.

Meanwhile,the BSE barometer Sensex ended the day at 19,647.77,down 151.42 points.