Mamata Machinery’s shares debut with a strong grey market premium of Rs 260, indicating potential multibagger gains. Despite market volatility, the IPO saw a massive 194 times subscription. Analysts suggest booking profits for conservative investors post-listing, while long-term holders should stay invested. Mamata’s automation solutions and global reach bolster its growth prospects.
Buyback alert! GE Shipping shares rise 3% as firm set to repurchase shares at 16% premium
Great Eastern Shipping experienced a surge in its stock prices following the announcement of its inaugural share buyback scheme. The company has proposed to repurchase