Moneyview shares rally 93% from IPO price in 7 sessions. What lies ahead?
Shares of Moneyview jumped around 5% on Monday to hit a fresh record high, adding around Rs 1,835 crore to its market capitalisation in just seven trading sessions since its stock market debut.
Moneyview shares jumped to Rs 65.47 apiece on the NSE, marking a nearly 93% gain over the IPO price of Rs 34 apiece. The shares listed at Rs 55 apiece on the NSE on October 1, a premium of nearly 62% over the IPO price.
