Rentomojo shares jump 9% after listing at 19% premium over IPO price. Can the debut-day mojo last?
Rentomojo shares surged 9% after a strong debut, taking gains to 30% above the IPO price.
The stock listed at a 19% premium and rallied to Rs 526.70 within an hour.
While analysts see long-term potential, they have flagged valuation concerns and advised caution after the sharp listing-day gains.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
