Resurgere Mines & Minerals lists at Rs 285 on NSE
Published on Monday, September 1st, 2008 at 5:14 AMAuthor: admin (5507 Articles)
Shares of Resurgere Mines & Minerals listed at Rs 285, premium of 5.5 per cent, against issue price of Rs 270 on the National Stock Exchange.
At 10:00 am, the stock was at Rs 281, up Rs 11 or 4.07 per cent on volume of 1,38,541 shares.
The company will utilise proceeds for purchasing plant and machinery and purchase railway rakes to set up own logistics infrastructure facilities and funding working capital requirements.
Source : Economic Times
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Resurgere has shown another panicky performance today. From a top of 740, the scrip came down to 320 leve and nearly 55-60% fall fro the top.
It appears some strong bear curtail is fter it. Ver soon the recovery should come.