India, Sept. 25 -- After hitting lower circuit in four out of the five sessions post its listing session and ending over 16% below its listing price yesterday, shares of coworking space provider DevX soared 4.8% to INR 56.50 during the intraday trading today.

However, the shares pared some of the gains and were trading 3.9% above the previous close at INR 55.9 at 10:42. The company's market capitalisation stood at INR 504.96 Cr (around $57 Mn) and 9.3 Lakh shares traded hands by then.

The coworking space provider saw a muted listed listing, making its debut at INR 61.30 as against the issue price of INR 61. In its debut session on September 17, the stock rose to a high of INR 64.3. However, it came under pressure from the second session...