Exchanges often impose restrictions when there is unusual movement in share prices so as to curb volatility and potential losses to retail investors. Shares of the company fell as much as 8% to a low of Rs 2,425.35 on Wednesday intraday before closing 6% down at Rs 2,475.
Can Lumino Industries IPO deliver long-term growth for high-risk investors?
Lumino Industries plans a ₹700 crore initial public offering to reduce debt and boost manufacturing capacity. The company expects to benefit from increased demand for