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The stock listed on the NSE surged 150% in 2024 so far as against the 23.6% advance in the Nifty Midcap 100. In the past three years, it has spiralled 680%.
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The 839-crore Transrail Lighting issue, priced at 410-432 per share, received 80.8 times bids. The IPO consisted of a fresh equity issue worth 400 crore and OFS of 1.01 crore shares by promoter Ajanma Holdings.
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The Volatility Index or VIX - the market's fear gauge - plunged 10.3% to 13.52 on Monday, suggesting traders see lesser risks in the near term. But, it may be too early to confirm the uptrend, said some analysts.
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News and Media
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