Cello World QIP: Shares rally 6.5%, hit record high as Co fixes floor price
5 months, 2 weeks ago

Cello World QIP: Shares rally 6.5%, hit record high as Co fixes floor price

Business Standard  

Cello World QIP: Cello World share price surged 6.5 per cent to hit a fresh record high of Rs 1,024 per share on the BSE in Thursday’s intraday trade. At 12:40 PM, Cello World stock was trading 4.2 per cent higher at Rs 1,002 per share as against 0.27 per cent gain in the benchmark Sensex index. The rally in Cello World share price comes after the QIP Committee of the company initiated the fund raise process, via the Qualified Institutional Placement route, at a floor price of Rs 896 per share. With today’s rally, Cello World shares are ruling 58 per cent higher over their issue price.

Record High Price Share Crore Issue Cent Qip Floor Price Cello World  shares  price  fixes  share  record  high  cello  world  floor  cent  hit  rs  rally  issue  crore  qip

History of this topic

Cello World shares jump as Motilal Oswal initiates coverage, sees 31% upside
9 months, 3 weeks ago

Cello World shares jump as Motilal Oswal initiates coverage, sees 31% upside

Live Mint  

Brokerage house Motilal Oswal Financial Services has initiated covering Cello Word stock, indicating an uptick of 31% from the counter's current market price. According to the brokerage's analysis, Cello has a strong brand reputation and a wide distribution network, making it a prominent participant in all of its product categories. Growing TAM across categories Cello, which operates in a variety …

Discover Related