Navkar Corporation, a container freight station (CFS) operator, made a poor debut on the stock markets on Wednesday by listing at a discount of 1.94% over issue price. At the NSE, stock opened at Rs 152 a share as against issue price of Rs 155 a share.

Currently, shares are trading at Rs 158.65, up 2.35% from its issue price. It recorded a high of 163.75 and a low of Rs 152 at the NSE (11.00 am). A total of 12.05 million shares exchanged hands at the NSE. That translated into turnover of Rs 19,188.25.

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.