The shares of the company that installs charging systems for electric vehicles saw a big decline on Monday. After opening with a slight decline in the morning, the stock of Exicom Tele-Systems has hit a lower circuit of 5 percent.
Excom’s shares fell 5 percent to Rs 366.30 on BSE. The stock opened at Rs 389.85 in the morning. While the 52-week high of this stock is Rs 530, its 52-week low is Rs 169.40, which it touched in the month of March. The IPO of this company came in February this year, and was listed on March 5.
Shares have fallen for two months
This stock has fallen by more than 30 percent from its high of Rs 530 within two months. On July 2, it had hit an all-time high of Rs 530. From where, this stock has fallen to Rs 366. Is this the right time to invest in it? However, the investors who were allotted these shares in the IPO are still in profit. But those who must have bought it at higher levels must be worried about the fall.
IPO came in March
Exicom Tele-Systems IPO has received a tremendous response from investors. Exicom Tele-Systems shares were listed on NSE at Rs 265 per share while the price of its shares in the IPO was Rs 142. Exicom shares were listed at a premium of 86.62 percent and this means that investors got a listing gain of Rs 123 on each share.
About Exicom Company
This company, which installs charging systems for electric vehicles, was established in the year 1994.
Exicom is India’s largest EV charging and critical power solutions manufacturer. It is present across the EV charger price chain with multiple products in both AC and DC charger segments. Its business spans across India, South East Asia, Europe and the Middle East. The company is at the forefront of shaping the global EV charging outlook with over 70,000 chargers installed.
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Source (PTI) (NDTV) (HINDUSTANTIMES)