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Coal India sheds over 5% after stellar IPO debut
Shares in Coal India dropped more than 5% today morning after a spectacular debut last week as investors locked in gains.
Updated on: Nov 8, 2010, 10:51:21 IST
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Shares in Coal India dropped more than 5% on Monday morning after a spectacular debut last week as investors locked in gains.
At 9:38 am (0408) GMT the stock was down 5.4% at Rs 330.75, while the main stock index was down 0.6%.
Coal India shares are still 34% above their IPO price after making their trading debut on Thursday.
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