Shares of LG Electronics India made a strong Dalal Street debut as the consumer durable player was listed at a stellar 50 per cent premium over its issue price of Rs 1,140. However, the stock dropped 5 per cent from its day's high at Rs 1,736.40 to Rs 1,650.05 in its maiden trading session, led by heavy trading volumes. Advertisement

In the first 30 mins, a total of 89.3 million equity shares of LG Electronics India exchanges hands cumulatively on both BSE and NSE, valued at Rs 8,500 crore. In fact, in the first five minutes nearly 30 million shares were traded on the exchanges as investors aimed to book gains.

Despite a listing day dip, LG Electronics India managed to attract interest from as many as four brokerage firms who initiated coverage on the stock even before its listing. The

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