J Kumar Infra debuts with 8% premium and then slides below issue price.

J Kumar Infraprojects (JKIL), a civil engineering and infrastructure development company, has started the day with premium of 8.18% at Rs 109 as against its offer price of Rs 110 per share and went up to an intraday high of Rs 119 in early trade. But selling pressure hammered the stock a lot, it slipped below issue price and touched a low of Rs 84.20 on the NSE.