Sula Vineyards, India s largest wine producer, saw its stock price surge by 17.30% in today s trade after global brokerage firm CLSA upgraded its rating to Buy and raised the target price.
After a post-listing surge of over 100 percent, shares of Indian Renewable Energy Development Agency (IREDA) witnessed some consolidation in December last year.
234 companies have raised funds from Indian markets so far in 2023, with a significant portion of 176 companies falling within the SME category. In comparison, CY22 witnessed 103 SMEs entering the market; the number was 52 in 2021, 31 in 2020, and 31 in 2019.
The stock was listed on the Indian exchanges on November 29 at ₹60 apiece, an 87.5% premium over the issue price of ₹32. It continued the same upward trajectory for the next 11 sessions, achieving a record high of ₹123.30 apiece.
New-age tech stocks have made a comeback in 2023, with stocks like Zomato, PB Fintech, CarTrade Tech, Paytm, Nykaa, and Delhivery yielding positive returns. Among these, Zomato managed to cross its IPO price and also delivered a multi-bagger return.