Paras Healthcare shares fell by over 2% in early trade on Thursday, October 29, following a decent stock market debut the day before. However, the stock rebounded sharply, rising 5.4% to a record high of ₹777 per share on the BSE.
Paras Healthcare share price today opened at an intraday low of ₹719.75 per share, and touched an intraday high of ₹777 apiece.
On Wednesday, the stock ended at ₹737.15 on the BSE, up 6.37% from the issue price. On the NSE, it closed at ₹735.60, up 6.14%. The stock listed at ₹720 on the BSE and NSE, a 3.89% premium over its IPO price of ₹693 per share.
The ₹1,450 crore IPO comprised a fresh issue of equity shares worth ₹500 crore and an offer for sale (OFS) of ₹950 crore by promoter Dharminder Kumar Nagar and investor Commelina Ltd.
Based in Gurugram, Paras Healthcare operates a network of eight hospitals across five states and one Union Territory.