Kusumgar shares debuted nearly 37% above their IPO price and extended gains in early trade after a heavily oversubscribed public issue. While analysts remain positive on the company’s long-term prospects in engineered fabrics and defence, they advise investors to book partial profits and hold the remaining position with disciplined stop-losses.
Positive Breakout: These 11 stocks cross above 200 DMAs
In the Nifty500 pack, 11 stocks’ closing prices crossed above their 200-day moving averages (DMA) on September 17, 2026, according to StockEdge’s technical scan data.