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NEW DELHI: Indigo Paints looks set to make a strong market debut on Tuesday, as sentiment turned euphoric in the secondary market after the presentation of Union Budget 2021-22 in Parliament.
The scrip was commanding a grey market premium of Rs 820 apiece following the Budget announcements, after plunging to Rs 700-720 levels a day ago, thanks to six days of relentless selling pressure in the secondary market correction that was eventually snapped by Monday's mega rally.
"The stock has rebounded smartly post Budget. The grey market premium now stands at Rs 820," said Abhay Doshi, a gujarat-based dealer of unlisted shares, who also tracks grey market premium.