Stanley Lifestyles jumps 30% in debut trade

New Delhi: Shares of luxury furniture brand Stanley Lifestyles Ltd ended with a premium of nearly 30 per cent on Friday, against the issue price of Rs369. The stock started the trade at Rs499, reflecting a jump of 35.23 per cent on the BSE. During the day, it soared 38.21 per cent to Rs510.

Shares of the company ended at Rs474 each, up 28.45 per cent. On the NSE, it listed at Rs494.95, up 34.13 per cent. Shares of the firm ended at Rs479 apiece, rallying 29.81 per cent. The company’s market valuation stood at Rs2,702.62 crore. In volume terms, 55.85 lakh shares of the company were traded on the BSE and 216.11 lakh shares on the NSE during the day.