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The shares of RITES Ltd. and Government-owned Fine Organic Industries advanced on Monday as benchmarks closed the day in the red
RITES Ltd debuted at £ 190 on BSE before hitting a high of ₹ 224.40 . It finally closed at ₹ 212.70, a premium of almost 15% compared to its issue price of 185 ₹. At Monday's closing, the company's market capitalization was set at 4,254 crores
. On the National Stock Exchange (NSE), RITES Ltd., which provides transportation and engineering consulting services, closed at ₹ 211.30 after Meanwhile, the shares of Fine Organic Industries closed at 822, ₹ 80 on BSE after peaking at ₹ 834. Incidentally, both companies gained ground on a day when benchmarks traded in the red during most of the trading session before closing in negative. territory.
The 30-share Senbad lost 159.07 points or 0.45% to close at 35,264.41. The broader Nifty closed at 10,657.30, down 57 points or 0.53%.
The size of the market was also weak with nearly 1,700 shares down against just 914 winners, a general low trend in global markets having affected investor sentiment.
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