New entrant SFS in price band

Tuesday, 21 June 2011 00:46 - - {{hitsCtrl.values.hits}}

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.