Shares of C. Mahendra Exports are trading higher after listing at premium. It got listed at Rs 114, a premium of 3.63% as against its issue price of Rs 110 on the National Stock Exchange (NSE).

Currently, the shares are trading higher by 5.18% or Rs 5.70 at Rs 115.70. The scrip has hit a high of Rs 121 and a low of Rs 113.05. A total of 6,286,349 shares changed hands on the NSE. (09.55 a.m.)

C. Mahendra Exports (CMEL) is a flagship company of C Mahendra Group, promoted by Mahendra C. Shah and Champaklal K. Mehta. The company has manufacturing facilities for cutting and polishing of diamonds at Varachha and Udhana in Surat, each with capacity of 120,000 carats per annum.

C.Mahendra Exports Limited   (Q,N,C,F)*