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The Economic Times
The Economic Times
Business
Rounak Khare

Indo MIM shares surge 10%, extend gains to 82% over issue price. Should investors book profits?

MIM INDOMIM IPO BSE

Shares of recently listed Indo MIM surged over 10% to Rs 862 on the BSE on Thursday, taking their gains to 82% over the issue price since the stock’s listing.

On July 30, the company made a strong stock market debut, listing at a 44.95% premium to its IPO price. The stock opened at Rs 703 on the BSE and Rs 700 on the NSE, compared with its issue price of Rs 485.

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