Stock Markets Today Live Updates: VL Infraprojects and VVIP Infratech IPOs Make Stellar Debuts
In today’s market wrap-up, VL Infraprojects and VVIP Infratech IPOs made stellar debuts on the stock exchanges. VL Infraprojects shares were listed at ₹79.80 apiece on NSE SME, a premium of 90% to the issue price of ₹42.00 per share. Similarly, VVIP Infratech share price opened at ₹176.70 per share, 90% higher than the issue price of ₹93.
In other news, Colgate Palmolive share price jumped over 6% to a 52-week high as brokerages raised their target prices after strong Q1 results. Analysts believe that the current stock valuations have priced in most near-term triggers and offer limited upside.
Stocks in focus today include Indian Oil Corporation (IOC) and DLF, recommended by Ruchit Jain of 5paisa. Additionally, experts have recommended buying shares of Affle India, Artemis Medicare Services, RCF, Pidilite Industries, and Wipro.
The trends on Gift Nifty indicate a tepid start for the Indian benchmark index, with Gift Nifty trading around 24,856 level, a discount of nearly 70 points from the Nifty futures’ previous close.
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