Concord Enviro Systems listing price: Shares of Concord Enviro Systems made a healthy debut on the stock exchanges on Friday, December 27 as they listed at ₹832 on the BSE, a premium of 18.69 per cent over the issue price of ₹701.Meanwhile, on NSE, Concord Enviro Systems share price listed at a premium of 17.83 per cent at ₹826.
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The brokerage upgraded Tata Motors to "buy" from its earlier rating of "neutral". It has a price target of ₹870 on the stock, which implies a potential upside of 18% from Thursday's closing levels. Brokerage firm DAM Capital has upgraded shares of Tata Motors Ltd.,the manufacturer of passenger and commercial vehicles, citing favourable risk reward.
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Shares of Newmalayalam Steel made a dismal start on its stock market debut after listing flat at the IPO price of Rs 90 per share on the NSE SME platform. The listing, however, missed grey market estimates where shares were trading at a premium of 33 percent over the issue price. The grey market is an unofficial ecosystem where shares start trading much before the offer opens for subscription.
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