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Post Listing Split: Adroit Industries Surges 85% From Issue Price, ArMee Infotech Trades 20% Lower

Adroit leads newly listed stocks higher, while ArMee Infotech and Elevate Campuses decline; Swastika Infra gains modestly.

Post Listing Split: Adroit Industries Surges 85% From Issue Price, ArMee Infotech Trades 20% Lower
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  • Shares of newly listed companies show mixed performance on Wednesday trading session
  • Adroit Industries surged 85.37% from its issue price, trading at Rs 248.39
  • ArMee Infotech declined 20% from its listing price, currently at Rs 300

Shares of newly listed companies are trading on a mixed note on Wednesday, with Adroit soaring over 85% from its issue price after massive listing gains and Armee Infotech diving 16% after listing at a discount. 

Adroit Industries Ltd. traded at Rs 248.39, up 5.70% from its Rs 235 listing price and 85.37% from its Rs 134 issue price. On the other hand, ArMee Infotech Ltd. was down 20% to Rs 300 from listing price of Rs 375. 

Shares of Swastika Infra were trading higher at Rs 210 up 13.51% from their issue price of Rs 185, and 5% from its Rs 200 listing price. Lastly. Elevate Campuses' stock declined nearly 13% from its issue price of Rs 210 and over 11% from its listing price of Rs 355.10

Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay

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