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User_gary Posted 16 years ago
Vocabulary
Scrip
British banking major Standard Chartered on Friday made its debut on the Bombay Stock Exchange at Rs. 105 a share against its issue price of Rs. 104 per unit.
The premium garnered by the country's first IDR listing was about one per cent in a strong broader market. The BSE Sensex was trading one per cent higher at 17103 in afternoon session.
Soon after listing, the scrip touched a high of Rs. 108, but the momentum did not sustain for longer and it fell to Rs. 103.70 at 1300 hrs. A similar trend was seen on the National Stock Exchange where it was trading at Rs. 104 in the afternoon.
On London Sock Exchange, trading in shares of Standard Chartered Plc also was tepid on Friday.
Please explain to me what "scrip" means here.
Source : http://beta.thehindu.com/business/markets/article453245.ece
The premium garnered by the country's first IDR listing was about one per cent in a strong broader market. The BSE Sensex was trading one per cent higher at 17103 in afternoon session.
Soon after listing, the scrip touched a high of Rs. 108, but the momentum did not sustain for longer and it fell to Rs. 103.70 at 1300 hrs. A similar trend was seen on the National Stock Exchange where it was trading at Rs. 104 in the afternoon.
On London Sock Exchange, trading in shares of Standard Chartered Plc also was tepid on Friday.
Please explain to me what "scrip" means here.
Source : http://beta.thehindu.com/business/markets/article453245.ece
Top answer
w=scrip&ls=a
- w=scrip&ls=a
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3 Answers
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Thank you Mr. Wordy as usual.
From the dictionary, scrip means "a certificate whose value is recognized by the payer and payee; scrip is not currency but may be convertible into currency", which doesn't fit quite in this context.
From the dictionary, scrip means "a certificate whose value is recognized by the payer and payee; scrip is not currency but may be convertible into currency", which doesn't fit quite in this context.
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I don't know where the text in the "quick definition" panel at http://www.onelook.com comes from. Sometimes it gives only one of many meanings (and sometimes it gives an old-fashioned or strange meaning). Don't rely on that panel. Instead, click on the links to the (good) dictionaries themsel
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