Glass Wall Systems share price hits record high, up 75% from IPO price | Why is the stock rallying?
New Delhi, Sept. 22 -- Shares of facade solutions provider Glass Wall Systems (India) Ltd continued their sharp post-listing rally on Tuesday, 22 September, with the stock jumping more than 7% to touch a fresh all-time high of Rs.318 apiece on the BSE. At Rs.318, the stock is now about 75% above its Rs.182 IPO price, highlighting the scale of the post-listing gains.
The stock has seen strong buying interest since its market debut last week. However, the company has clarified that it is not aware of any specific reason behind the sharp movement in its share price.
In an exchange filing on Tuesday, Glass Wall Systems said it was responding to queries from the BSE and NSE regarding the significant movement in the price and volume of its sh...
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