BusinessOrient Cables Shares Drop 10% After Listing at 65% Premium
Orient Cables shares fell 10% to ₹363 on 6 October, a day after listing at a 65% premium at ₹448. The stock opened at ₹380 against the previous close of ₹403.30, hitting a fresh low and lower circuit level. Despite the drop, shares remain 33% above the ₹272 issue price. Experts attribute the fall to profit booking and expect focus on revenue growth and profitability ahead.
Mint Markets·




