The share price of the Commercial Engineers & Body Builders Co (CEBBCO), a manufacturer of vehicle and locomotive bodies for diverse applications for road and railways transportation made a bad debut at the bourses as the shares of the company moved even below the issue price of the share on the opening day of its trading.

While it is expected that the same was due to the profit booking as well as sell-off in markets, experts are even echoing facts that the share has a potential to make a comeback in the coming times.

It may be noted here that the share price touched a level of close to Rs. 123.20 at 9.35 AM which is close to 3% down as compared to the issue price of 127.

However, the share price has also touched a high of Rs. 142.55 and low of Rs. 116.90 in the early trading session on the NSE. The company is in the business of manufacturing vehicle bodies for the CVs and also deals in refurbishments of wagons and manufacturing components for the same.