Mumbai, 23 April (IANS). Security Diagnostic Limited’s stock has seen a major decline in the last six months. During this period, the share price on the National Stock Exchange (NSE) has come down by Rs 103 or 24.69 percent.
Since the beginning of this year, the stock of security diagnostic Limited has fallen by Rs 65.85 or 17.32 percent.
Safety Diagnostic Limited shares closed with a slight rise on Wednesday. At the end of the trading, the stock gained Rs 1.85 or 0.59 percent to Rs 314.25.
Several reports attributed several factors to decline in share price, including weak financial performance, negative industry sentiments and changes in management.
According to reports, the share of security diagnostic limited declined due to market fluctuations and global economic instability.
The highest level of safety diagnostic stock is Rs 449, which was recorded on 6 December 2024. At the same time, the minimum level is Rs 231 which was recorded on 4 March.
According to NSE data, the company’s current market capitalization is Rs 1,636.64 crore.
Security diagnostic listing took place on December 6, 2024. The stock saw weakness from the beginning. The stock opened at Rs 438 against its issue price 441.
However, in early trade, it touched an intra-day high of Rs 449 for some time, but soon it lost its speed and the shares were in red mark throughout the session.
During this, the stock made an intra-day of 414.95 and closed at Rs 417.25 at the end of the trading at Rs 417.25.
The company introduced an Initial Public Offering (IPO) of Rs 846 crore at the end of last year, which was opened for bid from 29 November to 3 December.
-IANS
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