Not just that! The stock also scripted a trailblazing comeback from 52-week lows.
The impact has not been so severe in the unlisted space, said traders.
Dealers in the unlisted market said the premium on the counter, which was around Rs 380-390 a week ago, has plunged over 65 per cent to Rs 130-140 on Tuesday morning.
Traders say the scrip is demanding Rs 370-380 premium per share.
Brokerage Edelweiss Securities in a report said the issue will open during March 2-5.
A big change expected in the Budget is removal of dividend distribution tax.
Only 35 lakh equity shares of Reliance Retail are available in the unlisted market.
The Big Bull sees a big bubble in the unofficial market for unlisted shares.
Like their listed peers, financial stocks in the unlisted space soared too.
Investors and dealers are dejected and outraged by RIL’s offer.
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