Sterlite Tech shares hit upper circuit after QIP launch
pre-market1 source ↓written by the desknot a recommendation
- to hit
- 5%
- following the launch
- ₹613.35
- placement QIP
- 24 June 2023
- stock opened
- ₹584.15
Sterlite Technologies shares surged 5% to hit the upper circuit at ₹613.35 following the launch of its qualified institutional placement (QIP) on 24 June 2023. The stock opened at ₹584.15, reflecting strong market interest in the fundraising initiative. Trading was temporarily suspended as the stock reached its upper limit, indicating robust demand from investors.
Not investment advice. For informational purposes only.