Griffin Chemicals on Wednesday(June 11,2008) got re-listed after six years at Rs 23 on the Bombay Stock Exchange, registering an increase of a whopping 1,472 per cent over its previous closing price.
The company's last traded price as on August 8, 2002 stood at Rs 1.25. Scrip of Griffin Chemicals opened on a firm note at Rs 23 registering an increase of a whopping 1,472 per cent over its previous closing price on the BSE and then rallied ahead to witness an intra-day high of Rs 50 and as many as 1,375 shares exchanged hands on the bourse. Shares of the company were last trading at Rs 30 at 10.40 am.
The surge in Griffin shares follows unprecedented rise in stock prices of KGN Industries on its re-listing. KGN Industries, run by Ahmedabad-based Memon family, had re-listed at Rs 100 per share after nearly seven years in May this year. The stock had risen to a high of Rs 55,000.
A BSE official said that re-listing stocks have no price bands.
Related Stories
KGN and Sylph Relisting
Related Readings and Observations
![[Premium] Case Studies on Stealth Auction – Market Profile Tutorial](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20150%20150'%3E%3C/svg%3E)
[Premium] Case Studies on Stealth Auction – Market Profile Tutorial Is this week community webinar we discussed Stealth Auction principles in detailed [60min discussion] . The discussion involves, using visual rules on how one can able to spot short term […]- Nifty and Bank Nifty 90 min Cloud Charts for 7th Dec 2011 Trading Nifty and Bank Nifty charts are in buy mode since 1st Dec 2011 on the 90 min ichimoku cloud charts with supports coming around 4857 and 8744 respectively.
- How does your money got transfered? Source: www.marketcalls.in
- SILVER COMEX and SILVER MCX Trading Near to SUPPORT SILVER MCX (2-April-2013) on daily charts seems to be trading near to Strong support zone 51300-51100, As SILVER today has a faced major Correction, Some Relief Rally is likely and Risk […]
- Nifty and Bank Nifty November Futures Overview – III Nifty and Bank Nifty November futures hourly charts are in sell mode since 6th November.Currently resistance zone is at 6137 and 10931 respectively. One should reverse your position to […]
- Nifty Shorter term GANN Charts got broken Chart shown above is a Nifty 1minute chart with Nifty GANN Fan Indicator. From the chart you could observed that the recent support zone 5240 got broken and the next immediate support […]
![[Premium] Case Studies on Stealth Auction – Market Profile Tutorial](https://i2.wp.com/www.marketcalls.in/wp-content/plugins/wordpress-23-related-posts-plugin/static/thumbs/6.jpg?resize=150%2C150&ssl=1)
Leave a Reply