Valiant Lab shares jump 22% in debut trade

New Delhi: Shares of pharmaceutical ingredient manufacturing firm Valiant Laboratories Ltd ended with a premium of nearly 22 per cent against the issue price of Rs 140 on its first day of trading on Friday. The stock made its debut at Rs 161, up 15 per cent from the issue price on the BSE. Later, it jumped 20.75 per cent to Rs 169.05 a piece - its highest permissible trading limit for the day. On the NSE, it listed at Rs 162.15, registering a gain of 15.82 per cent. It later rallied 21.60 per cent to settle at Rs 170.25 per piece - its upper circuit level.