Ajax Engineering shares jump 4% after Morgan Stanley offloads Rs 45 crore stake via block deal

February 18, 2025

Ajax Engineering listed at an 8.4% discount on Monday, debuting at Rs 576 on the NSE and Rs 593 on the BSE, compared to its issue price of Rs 629. However, the stock recovered to close at Rs 593.40 on the NSE, up 3% from the listing price, and at Rs 595.60 on the BSE, gaining 0.44%.

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Polycab shares slide 17% in 3 months amid Ultravolt shock, but Jefferies sees 33% upside. What’s behind the bullish view?

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