This newly listed SME stock has zoomed 107% against its issue price

The stock price of Technopack Polymers moved 16 per cent higher to Rs 114 on the BSE in Wednesday’s intra-day trade. This was its highest level since its listing earlier this month. The company made its market debut on November 16, 2022.

With today’s rally, the stock price of Technopack Polymers has more-than-doubled or zoomed 107 per cent against its issue price of Rs 55 per share. At 11:15 am; it was trading 11 per cent higher at Rs 109.70 as compared to a marginal 0.07 per cent gain in the S&P BSE Sensex.