Ethos shares listed at ₹830 on the BSE, a discount of 5.5% against the upper band of the issue price of ₹836-878 apiece. On the NSE, the stock opened 6% lower at ₹825.
The company, which has a long history in chronographs, needs to re-capture this segment, says CEO Julien Tornare. He adds that Zenith is seeing Asia as a serious market, despite the downturn.
