Shares of Moneyview extended gains after making a strong market debut on Thursday, rising as much as 82% from the IPO price. While the listing pop grabbed headlines, analysts advised long-term investors to remain patient.
Moneyview shares listed at Rs 55.61 apiece on the BSE, marking a nearly 64% premium over the IPO price of Rs 34. Following the strong debut, the stock rallied another 11.5% to hit a day’s high of Rs 62, taking its gains to as much as 82% from the IPO price in less than an hour of trading.
