Suraksha Diagnostic share price dips after discounted listing

After opening at a discounted price on the BSE and the NSE, Suraksha Diagnostic's share price came under selling pressure after the share listing. Suraksha Diagnostic's share price opened on the BSE at ₹437 apiece, while it opened on the NSE at ₹438 per share. After discounted listing on the BSE and NSE, the newly-listed stock failed to attract fresh buyers, and the stock further tumbled after the profit-booking trigger. After a tepid debut on Dalal Street, Suraksha Diagnostic's share price made an intraday low of ₹418 apiece on the BSE and ₹419 per share on the NSE. According to stock market experts, Suraksha Diagnostic was expected to disappoint share allottees as the issue received a tepid response from the investors. They said the company's limited geographic presence, inconsistent financial performance, and aggressive valuation are some of the primary reasons for such a tepid listing.