Sigachi Industries’ Share Price Rise Over 252%

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Sigachi Industries’ Share Price Rise Over 252%
17 Nov 2021
4 min read

News Synopsis

Sagachi Industries has recorded a rise in its share price. The stock opened with a 252.8 percent premium leading the share value to Rs. 575 from Rs 163. It made it the company’s biggest listing ever. The rate later rose to Rs. 603.75 on BSE.  

Ravi Singhal, Vice-Chairman at GCL Securities, has advised investors to book 50 percent in order to recover their principal amount and to keep the 50 percent in their portfolio. The company has managed to raise Rs. 125.43 crore with its public issue seeing a subscription of 101.91 times during 1 to 3 November. The company has also seen a surge in its quarterly earnings from 8.99 crores to 54.95 crores.

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