Beacon Share Price Soars Despite Market Turmoil
📈📉 The stock market has been in chaos, with the Sensex falling by over 5,000 points. Investors have suffered a loss of nearly 40 lakh crore rupees. However, amidst the falling market, one small company’s shares have made investors wealthy. The company is Beacon Trusteeship.
Beacon Trusteeship’s shares were listed on the market on Tuesday, June 4, 2024. The Beacon Trusteeship share was listed at 90 rupees with a 50% profit. The IPO price of Beacon Trusteeship shares was 60 rupees. The company’s IPO opened for subscription on May 28, 2024, and closed on May 30, 2024.
After a strong listing, Beacon Trusteeship shares hit the upper circuit. The Beacon Trusteeship share reached 94.50 rupees with a 5% upper circuit. The total size of Beacon Trusteeship’s IPO was 32.52 crore rupees. The company’s shares are listed on the National Stock Exchange’s SME platform.
On Wednesday (June 5, 2024), the share was trading at 304 rupees, up by 4.55%. Beacon Trusteeship’s IPO was oversubscribed by a staggering 465.20 times. Retail investors subscribed 502.49 times their quota, while non-institutional investors’ quota was oversubscribed by 779.38 times. Qualified institutional buyers category was oversubscribed by 163.86 times.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
