Bharti Hexacom's stock price jumps 32% on debut! Will it continue to soar? Find out more.
Bharti Hexacom recently made waves in the stock market with its IPO listing, signaling a promising start for investors. The grey market premium hinted at a listing price of around ₹663 per share, showing positive anticipation among stakeholders. As the stock officially listed at a 32.5% premium on both BSE and NSE, it garnered significant attention, especially from non-institutional investors. The strong market debut of Bharti Hexacom highlighted its potential for growth and solid market performance.
Following its listing, Bharti Hexacom's stock price surged, opening at Rs 755.2 on BSE and Rs 755 on NSE, exceeding the offer price of Rs 570. This impressive 32.45% premium sparked further interest in the company's future prospects. JM Financial even initiated coverage on the stock, predicting a potential doubling in value over the next few years, emphasizing its strong fundamentals and growth trajectory.
Furthermore, the stock price continued to rise after its dream debut, reaching an intraday high of ₹824.90, showcasing the market's confidence in Bharti Hexacom's prospects. With experts foreseeing continued growth and positive momentum, the company's stock is poised for further success in the market.
In conclusion, Bharti Hexacom's IPO success and premium listings reflect a strong investor interest and confidence in the company's performance. With a solid market debut and positive outlook from experts, the stock's trajectory indicates a promising future for Bharti Hexacom in the competitive market landscape.
Bharti Hexacom IPO GMP: The grey market is signaling that Bharti Hexacom IPO listing price would be around ₹663 per share.
Ahead of listing, the grey market premium of Bharti Hexacom jumped to Rs 120-125 apice, suggesting a listing pop of around 22 per cent to the investors.
Bharti Hexacom shares listed at a 32.5% premium on BSE and NSE, after attracting strong interest from non-institutional investors. The IPO was solely an ...
Bharti Hexacom IPO: The price band for the issue has been fixed at Rs 542-Rs 570 per share.
India Business News: Bharti Hexacom's shares listed with a 32.45% premium, opening at Rs 755.2 on BSE and Rs 755 on NSE, exceeding the offer price of Rs 570 ...
Bharti Hexacom Ltd is a subsidiary company of Bharti Airtel Ltd. The company provides Cellular Mobile Telephony Services in the circles of North East and ...
Domestic brokerage JM Financial expects the Bharti Hexacom stock to potentially double in the next three to four years on the back of 15-17% EBITDA ...
Bharti Hexacom share price listed on NSE at ₹755 apiece and went on to touch an intraday high of ₹824.90 within a few minutes of the share listing.
BHARTI HEXACOM stock price went up today, 12 Apr 2024, by 40.02 %. The stock closed at 570 per share. The stock is currently trading at 798.1 per share.
Bharti Hexacom IPO listing today: The listing date of the initial public offering (IPO) of Bharti Hexacom Limited has been fixed on April 12.
Bharti Hexacom Share Price: The ₹4275-crore IPO of Bharti Airtel's subsidiary is India's biggest public issue in one year.
Bharti Hexacom saw a decent buying interest from the investors as the stock rose another 16.5 per cent to Rs 879.90, taking the overall listing gains to ...
The company's IPO is entirely an offer-for-sale (OFS) of 7.5 crore equity shares, indicating a 15 per cent stake by Telecommunications Consultants India Ltd, ...
Bharti Hexacom IPO Listing: The company raised Rs 1923.75 crore from the anchor investors via giving them 33.75 million shares of the company.