Kalpataru stock price today: Shares list flat at Rs 414, but rally 9% later
Kalpataru Ltd shares debuted flat but surged later, reaching Rs 453 on the BSE. The IPO, subscribed 2.31 times, will use proceeds to repay borrowings. Despite a positive debut, analysts caution on high valuations, noting past losses and a high price-to-earnings ratio, advising investors to monitor execution and leverage.
Kalpataru Ltd shares debuted flat but surged later, reaching Rs 453 on the BSE. The IPO, subscribed 2.31 times, will use proceeds to repay borrowings. Despite a positive debut, analysts caution on high valuations, noting past losses and a high price-to-earnings ratio, advising investors to monitor execution and leverage.
