Pranav Constructions shares hit 20% lower circuit after strong debut

Pranav Constructions share price was locked in a 20% lower circuit on Tuesday after making a strong stock market debut.

The company's shares opened at ₹162 on the BSE (up 30.64%) and ₹165 on the NSE (up 33%) compared to the IPO issue price of ₹124.

Market capitalization declined from around ₹1,520.97 crore at debut to approximately ₹1,459.59 crore by noon amid profit booking and selling pressure.