JNK India s stock debuted impressively on the market, opening at ₹621 per share on the NSE, a 49.63% increase from its issue price. The stock reached a peak of ₹709.80 per share. Market experts recommend holding onto the stock for the long term, citing the company s robust fundamentals.
The stock listed at Rs 620, up 49.39 per cent from the issue price on the BSE. Later, it zoomed 71 per cent to Rs 709.85. On the NSE, it started the trade at Rs 621, rallying 49.63 per cent.
JNK India s listing exceeded expectations with a remarkable debut. Analysts anticipate potential volatility post-initial surge but affirm strong fundamentals and a positive outlook, indicating long-term promise.
JNK India s shares are trading with a GMP of Rs 110 in the unlisted market, indicating a listing gain of around 22-25%. The issue was priced at Rs 415 at the upper end.