The firm raised its target price on the stock to ₹1,530, indicating an upside potential of 18.5% from Monday’s closing price of ₹1,290.95. The stock gained 2% on Monday while the benchmark Nifty rose 1.32%.
How 90% IPOs in August beat volatile India market to return up to 72% after listing
In August, a majority of newly listed IPOs saw a successful debut, outpacing the broader market. Approximately ninety percent of these listings are still trading