Shares of energy efficiency solution company Rishabh Instruments Ltd ended on a lacklustre note on Monday, the first day of trade.The stock began the trade at Rs 460, up 4.30 per cent from the issue price of Rs 441 on the BSE. During the day, it jumped 6.49 per cent to Rs 469.65. Shares of the company later ended at Rs 442.75 apiece, up 0.39 per cent.
On the NSE, it was listed at Rs 460.05, registering a gain of 4.31 per cent. The stock ended at Rs 441.50 each, up 0.11 per cent.The company commanded a market valuation of Rs 1,680.74 crore.In volume terms, 5.80 lakh shares of the company were traded on the BSE and over 80.38 lakh shares on the NSE during the day.
The Nashik-based firm is focused on electrical automation, metering and measurement, precision engineered products with diverse applications across industries, including power and automotive sectors.