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DLL’s Stock in focus

Divi’s LaboratoriesStock of Divi’s Laboratories Limited (DIIL) is in the limelight as the company has witnessed enormous movement in today’s trade. The stock touched its 52-week low of Rs. 632.55 per share, down by Rs. nearly 20%. The stock is the top open interest (OE) gainer in the morning hours, seeing 53.75% addition in its OE. The shares’ traded volume figure at huge number of over 88 lakhs. The traded value of shares stands at a whopping Rs 57,863 lakh in the first trading hours today.

Avenue Supermart’s shares were trading at Rs 598.15 at late morning hours on BSE, a premium of 100.05% over the IPO price of Rs 299. The stock debuted at Rs 604.40, a premium of 102.14% to the IPO price. So far the stock hit a high and low of Rs. 615 & Rs 558.75 respectively. On BSE, 68.20 lakh shares were traded on the counter so far. The IPO received bids for 464.08 crore shares in relation to 4.43 crore shares on offer. The offer was subscribed 104.59 times.

Meantime, Key benchmark indices reversed direction in late morning trade. At 11.50 am, the barometer index, the BSE Sensex, was down 91.40 points or 0.31% at 29,427.34. The Nifty50 index was down 24.45 points or 0.27% at 9,102.40.