NSE Shares Gain 5% On Debut As Ace Investor Stakes Rise
· Business · Economic Times, LiveMint
National Stock Exchange shares rose up to 5 percent on their market debut on Thursday, lifting the portfolio values of prominent investors who skipped the offer for sale. Billionaire investor Radhakishan Damani's 1.58 percent stake, consisting of 3.91 crore shares, surged in value to over Rs 7,340 crore at the day's high. Other major investors, including Dolly Khanna, Raamdeo Agrawal, and Motilal Oswal, also saw substantial paper gains on their holdings. Meanwhile, brokerages maintained a bullish outlook, with Macquarie initiating coverage with an Outperform rating and a target price of Rs 1,965 per share.
Why it matters
The successful NSE debut reinforces institutional confidence in India's primary financial market infrastructure and rewards long-term backers.
Read the original report — Economic Times
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