New entrant SFS in price band

New entrant via introduction Swarnamahal Financial Services (SFS) has landed itself in the SEC’s price band. The misfortune follows SFS shooting up by nearly 75% or Rs. 30 to close at Rs. 69.90. It hit an intra-day high of Rs. 71.90. Around 3.13 million shares (12.4% stake) changed hands via 2,935 trades for Rs. 196 million.

SFS will be under the 10% price band from last week it gained by Rs. 3.90 with only 278,300 shares traded.

Its highest share price was Rs. 100 when it debuted last month.