New Delhi, July 30 -- Lohia Corp shares debuted on a positive note on the Indian bourses on Thursday, 30 July, in a cautious market.

Lohia Corp shares were listed at Rs.460 on the BSE, 8.2% above the issue price of Rs.425, and soon climbed to the Rs.480.75 mark. On the NSE, they listed at Rs.461, up 8.5% from the issue price, and extended gains to rise to Rs.480.55.

As per grey market sources, the stock's listing exceeded expectations as the last grey market premium (GMP) of Lohia Corp shares signalled the stock could list at a 4% premium to its issue price.

The stock made a positive debut even as stock market sentiment remains cautious due to the escalating tensions between the US and Iran, rising crude oil prices, and expectations of...