Scoda Tubes share price hits 5% upper circuit after flat listing

Scoda Tubes share price was locked in at 5% upper circuit on Wednesday after the stock made a flat debut in the Indian stock market. Scoda Tubes shares jumped 5% from its listing price to a high of ₹146.95 apiece on the BSE. Scoda Tubes shares made a flat debut on Dalal Street as the stainless-steel tubes and pipes manufacturer’s stock was listed at ₹140 per share, which is equal to its issue price of ₹140 per share. The stock declined after the listing and fell to an intraday low of ₹136.00 apiece on the BSE. However, buying momentum in Scoda Tubes shares intensified, and the stock jumped as much as 4.96% from its listing price to freeze at upper circuit of ₹146.95 apiece. Source- Mint