New Delhi, April 9 -- Shares of Amir Chand Jagdish Kumar (Exports) continued to sustain heavy selling pressure, as they hit the 5% lower circuit on Thursday, April 9-marking the fifth consecutive session of decline since their listing on April 2. The stock has now plunged around 43% from its IPO price and is trading nearly 40% below its listing level.

On its debut, the stock had a weak start. It listed at Rs.195 on the BSE, down 8.02% from the issue price, and further declined 17.22% to close at Rs.175.50 - its lower price band on the day. On the NSE, the stock opened at Rs.200, reflecting a 5.66% discount, and later slipped 15.09% to settle at Rs.180, also at its lower circuit limit.

According to the Red Herring Prospectus (RHP) submit...