Lower debut of R K swamy

R K Swamy shares had a disappointing day on March 12, closing with a nearly 9 percent loss. On the other hand, Bharat Highways Infrastructure Investment Trust performed better, ending the first session with a 3 percent gain.R K Swamy’s listing performance fell below analysts’ expectations. Analysts had anticipated a flat debut for the stock despite strong subscription numbers during its initial public offering (IPO). The stock opened 13.2 percent lower on the National Stock Exchange (NSE) at Rs 250, compared to the issue price of Rs 288. Throughout the day, it fluctuated between an intraday high of Rs 284.90 and a low of Rs 243, failing to reach its issue price. Finally, it settled 8.82 percent down at Rs 262.60, with a trading volume of 1.09 crore equity shares. On the Bombay Stock Exchange (BSE), it closed at Rs 263.25, down 8.6 percent, with a trading volume of 6.91 lakh equity shares.