The market today witnessed yet another crazy relisting, this time that of Sylph Technologies, (Q, N,C,F)* which soared a staggering 1,000 times.
The Z-category scrip, which had delisted at 80 paisa in March 2001, opened at Rs 152 on the Bombay Stock Exchange (BSE) today.
The stock was last trading at Rs 800, up 1,000 times on volumes of 1,900 at the BSE. (11.30 a.m.)
``I am surprised and shocked``, said, Rajesh Jain, Director, Sylph Technologies, on CNBC TV18 reacting on the bizarre moment of the scrip.
Yesterday, KGN Industries created a history of sorts when its shares soared to Rs 55,000 on relisting. Shares of the company settled at Rs 21,000, up Rs 20,988.15, or 177,115.19% over previous close of Rs 11.85 on Jun. 8, 2001.
source myiris.com
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