New Delhi, March 2 -- Shares of Shree Ram Twistex made a disappointing debut in the Indian stock market on Monday, March 2, as they listed at a massive 35% discount to the initial public offering (IPO) price of Rs.104.

On the National Stock Exchange (NSE), Shree Ram Twistex share price listed at Rs.68, down 34.62%, or Rs.36, from the offer price. At the same time, on BSE, Shree Ram Twistex share price debuted at a 32.69% discount at Rs.70.

The weak debut coincided with the Indian stock market crash following the US-Iran war and a spike in crude oil prices. The BSE Sensex lost as much as 2700 points at the open, while the Nifty 50 plunged to below 24,650 levels.

More to come.

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