Intraday Calls on Stock Future | BSE share lists at Rs 1089

Country’s oldest stock exchange BSE listed at Rs 1089 per share on the National Stock Exchange, up 35 percent over its issue price of Rs 806.

The stock surged as much as 48.8 percent in early trade to hit highest level of Rs 1,200.

In pre-opening session, it settled 34.6 percent higher at Rs 1085 (the lowest level intraday) against issue price.

Intraday Calls on Stock Future BUY HINDALCO 195 PUT

ABOVE 9.00

Target1-9.55

Target2-10.30

StopLoss-7.95.

BSE sets IPO Price Band at Rs 805-806 per Share

Stock market operator BSE Ltd has set the indicative price band for its initial public offering (IPO) of shares at between Rs 805 and Rs 806 apiece, according to a marketing term sheet for the offering. 

Share Market Tips– The IPO, which will open for bidding on Jan. 23, will see some of BSE’s shareholders selling a total of 15.4 million shares, and will value the stock exchange at Rs 44 billion (USD 645.02 million) at the top end of the price range.¬†