Juniper Hotel shares jump 10 per cent after weak IPO listing

The stock debuted at Rs 361.20 on the BSE, representing a 0.33 per cent increase from its issue price, while on the NSE, it opened at Rs 365, indicating a gain of 1.38 per cent.

In Short

• Juniper Hotels Ltd's shares hit upper circuit
• Opened on BSE at Rs 361.20, a 0.33 per cent increase from issue price
• Stock soared more than 10 per cent to reach Rs 397.30

Juniper Hotels Ltd saw its shares take a positive turn to hit the upper circuit on Wednesday following a modest debut at the stock exchanges.

The stock debuted on the Bombay Stock Exchange (BSE) at Rs 361.20, a slight increase of 0.33 per cent from its issue price of Rs 360.

However, as the day progressed, investor interest picked up, propelling the stock to soar more than 10 per cent, hitting the upper circuit limit at Rs 397.30.