Sambhv Steel Tubes made its entry into the stock market today, listing at a premium of 34% over its issue price. On the BSE, the shares opened at Rs 110, up from the IPO price of Rs 82. Similarly, on the NSE, the stock debuted at Rs 110.10.
Emkay Global, a brokerage house, initiated coverage on HDB Financial Services on the first day of its listing. The broker has a Buy rating on the stock with a target price of Rs 900, which implies an upside of almost 22%.
