Tecpro up 15%,Cantabil falls 22%

Debut trade for two companies has been quite contrasting.

It was a mixed day for Tecpro Systems and Cantabil Retail on their first day on bourses,as the engineering company soared 14.88 per cent,while the apparel company plunged 22.40 per cent.

Frenzied buying pushed the shares of engineering firm Tecpro Systems up 14.88 per cent to Rs 407.85 on the Bombay Stock Exchange over its issue price.

During the day,the stock had gained a whopping 28 per cent to touch a high of Rs 454.25,over the issue price of Rs 355.

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On the other hand,Cantabil Retail plummeted 22.40 per cent to end at Rs 104.75.

During the trade,it plunged by 24.37 per cent to hit a low of Rs 102.10 against its issue price of Rs 135 on BSE.

On the National Stock Exchange,Tecpro gained 13.18 per cent to close at Rs 401.80,while the apparel manufacturer finished lower by 22.63 per cent at Rs 104.45.

In terms of volume,over four crore shares each of both the companies were traded on the two bourses.

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Cantabil Retail India has raised Rs 105 crore through initial public offer (IPO). Tecpro has made a business of Rs 268 crore via its IPO.

Meanwhile,the BSE 30-share index Sensex ended the day lower by 136.55 at 20,203.34.