After a weak start, Navkar Corporation, a container freight station (CFS) operator, has managed to settle with a premium of 7.65% on the listing day. Navkar got listed at Rs 152 on Wednesday, which is 1.94% discount to its issue price of Rs 155. However, recovery in the share prices towards closing helped the company to settle at Rs 166.85 on the NSE.

Scrip witnessed a high of Rs 169.45 and a low of Rs 152.00. A total of 26.76 million shares exchanged hands at the NSE. That translated into turnover of Rs 43,294.11 million.

Navkar Corporation is a CFS operator in India with three CFSs-, Ajivali CFS I and Ajivali CFS II at Ajivali and Somathane CFS at Somathane, which are strategically located in Panvel, Maharashtra, in close proximity to the JN Port, the largest container port in India.