Money doubled: Milky Mist, Technocraft, Xtranet, IndoMIM, ESDS turn IPO multibaggers - What’s special? Pattern decoded
AI Summary
The recent surge in IPOs, particularly those like ESDS Software Solutions and IndoMIM, highlights a growing investor appetite for tech and industrial stocks. However, the mixed performance in the days following their initial gains suggests that retail investors should exercise caution and focus on fundamentals rather than hype. The divergence in performance, with some stocks hitting lower circuits, indicates potential volatility and the need for thorough due diligence before investing in these high-flying IPOs.
Five recent IPOs have delivered more than 100% returns from their issue prices, with ESDS Software Solution emerging as the biggest gainer. The stock, which was issued at ₹429, is currently trading at around ₹1,586.35, translating into a 270% return.
IndoMIM has also generated strong gains, rising from its IPO price of ₹485 to ₹1,288.40, a 166% return. Technocraft Ventures has climbed from ₹212 to ₹492.35, delivering a 132% return.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 29 September 2026.
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