Given the relatively better performance of the midcap stocks’ universe when compared to the main indices, some rebound in price in this stock cannot be ruled out when supported by important technical developments on the charts.
Kusumgar IPO Day 3: Issue ends subscription with 129x bids; GMP signals 38% listing upside
Kusumgar’s Rs 650-crore IPO concluded with overwhelming investor demand on its final day. Non-Institutional Investors and Qualified Institutional Buyers showed significant interest in the offering.