JNK India Shines on Market Debut, Surpassing Grey Market Predictions

Shivani Nyati, Head of Wealth at Swastika Investmart, commented that JNK India Limited, a manufacturer of process heating equipment, exceeded even the most optimistic expectations with its remarkable debut on the stock exchanges. The company's share price surged by around 50% above its issue price of ₹415, listing at ₹621 per share. This exceeded the anticipated 30% premium suggested by the grey market, highlighting strong investor confidence in JNK India's future potential. Nyati suggested that, while some volatility could follow the initial surge, the company's solid fundamentals and positive outlook pointed to long-term potential. She advised existing investors to hold their shares with a stop loss of ₹560 and to closely monitor the company's performance.
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