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.
IndiGo shares rise 2% after India’s largest airline hikes excess baggage and priority service prices
InterGlobe Aviation, IndiGo’s operator, raised charges for domestic ancillary services, including infant travel, excess baggage and priority check-in and boarding. The revisions increase passenger costs