Floor Price Of A Share

Mortgage lender hdfc ltd has set the floor price at rs 1 838 94 per share for its qualified institutional placement qip issue that opened on wednesday according to a regulatory filing.

Floor price of a share.

The board will meet on august 14 to consider the issue. If a stock price reaches resistance and trades down on higher volume it is likely that it will decline to test the support or floor. Floors in wages. The lowest preconceived price that a seller will accept.

The floor price at which vedanta s promoters are trying to buy out the public shareholders was set at rs 87 25 per share meanwhile the book value is determined at rs 89 38 per share based on. Private sector lender yes bank on friday said it had set a floor price of 12 per share to raise up to 15 000 crore through a follow on public offer fpo which opens on july 15. The private sector lender has fixed a floor price of qip at rs 351 36 per share. Nounthe lowest price a price which cannot go any lower.

Earlier shares of bank closed 1 61 per cent higher at rs 363 60 while the benchmark bse sensex settled 14 51 points or 0 37 per cent higher at 38 182. Support is the dollar price where there is more demand. The company may offer a discount of not more than 5 on the floor price so calculated for the issue qip the filing read.