Knack Packaging made a healthy debut on Dalal Street, rewarding investors with a double-digit listing premium. Market experts remain positive on the stock, recommending IPO allottees continue to hold for further upside with a stop-loss at Rs 175. Fresh investors can consider accumulating the stock on dips after reviewing the company's upcoming quarterly performance.
The stock opened at Rs 188 on the NSE, a 10.6% premium to its IPO price of Rs 170, while on the BSE it debuted at Rs 186, reflecting a 9.4% gain. The listing also surpassed prevailing grey market expectations, underlining strong investor confidence.
