Coal India shares fell on lower-than-expected buyback plan.
The stock plunged as much as 2.4 per cent to Rs 313.30.
At the closing trade, the stock was down 1.01 per cent at Rs 317.25 on the BSE.
The stock was the top percentage loser on NSE and BSE indexes.
The company plans to buy back 109 million shares at Rs 335 each for up to Rs 3,650 crore ($543.4 million).
Traders say the quantum of buyback is quite small and will not create excitement in market, as against expectations of Rs 6,000 crore.
Lower-than-expected buyback amount could potentially alleviate some investor concerns around dividend, say analysts at Citigroup ($1 = 67.1650 Indian rupees).
Quess Corp soars
Bengaluru-based staffing firm Quess Corp Ltd's shares surged 58 per cent on market debut.
The stock opened at Rs 500, above the IPO price of Rs 317 per share.
It closed the session at Rs 502.00 on the BSE. The stock hit a high of Rs 508.60 and low of Rs 480.05.
The IPO was oversubscribed 145 times on the final day of the offer, raising Rs 400 crore ($59.56 mln), according to exchange data.
Quess Group is a unit of Fairfax Financial Holdings Ltd'; Fairfax's India-listed subsidiary Thomas Cook (India) Ltd owns majority stake in Quess.
Thomas Cook had acquired Quess Corp in February 2013, which was earlier known as IKYA Human Solutions.
According to primary market tracker Prime Database, 12 Indian companies have tapped the capital market via IPOs this year, raising nearly Rs 8,760 crore, according to data as on June 30, 2016 ($1 = 67.1600 Indian rupees).
Gujarat NRE Coke
Shares of Gujarat NRE Coke hit six-month high as the company has signalled positive demand.
Metallurgical coke producer Gujarat NRE Coke Ltd surged as much as 13.9 per cent to highest since January 13.
The stock closed the session up by 10.56 per cent at Rs 3.98 on the BSE.
The company said it is in the process of ramping up its production to meet demand.
It added that it has booked 115,000 mt of coal cargoes for June-July; about 65,000 mt of coal has arrived, with the remaining expected in late July.
Gujarat NRE Coke said it is ramping up production at its Gujarat steel unit, with peak production capacity expected in a couple of months.
Over 9.8 million shares traded, about four times their 30-day moving average.
The stock was up 3 per cent this year as of Monday's close.