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The Economic Times
The Economic Times
Ritesh Presswala

Indo-MIM shares extend rally, surge 60% above IPO price in two trading sessions

MIM INDO IPO INDOMIM Shivani Nyati

Indo-MIM shares continued their strong momentum on Friday, gaining nearly 5% in the second trading session after their market debut. The stock climbed 4.74% to Rs 776.90, extending the sharp gains witnessed on listing day.

The precision engineering company made a blockbuster entry into the stock market on Thursday, with its shares debuting at around a 45% premium to the issue price of Rs 485. The two-day rally has now lifted the stock nearly 60% above its IPO price, rewarding investors with significant listing gains.

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