Tracxn Tech surges 25% on market debut, stock hits Rs 100-mark

Shares of Tracxn Technologies (Tracxn) jumped 25 per cent to Rs 100 as against its issue price of Rs 80 on the National Stock Exchange (NSE) after making a quiet debut on Thursday. The stock of the data processing services company listed at Rs 84.50, a 6 per premium to its issue price.

On the BSE, Tracxn started trade at Rs 83, and thereafter it rallied to a high of Rs 98.95 in intra-day trade so far.

At 10:23 AM, the stock traded at Rs 93.15, up 16 per cent when compared with its issue price. A combined 14.4 million equity shares changed hands on the NSE and BSE. In comparison, the Nifty 50 was down 0.22 per cent at 17,473.