Newly listed MV Electrosystems shares soar 10%: Stock jumps from Rs.425 IPO price to Rs.848 - what's driving the rally?
New Delhi, Sept. 16 -- MV Electrosystems shares returned to the spotlight on Wednesday, September 16, with the recently listed stock witnessing a sharp intraday rally. The move came despite the scrip remaining below its recent peak and having registered a decline over the past week, while its performance since listing continues to stand out.
The small-cap stock surged 10% to hit a day's high of Rs.848.20 per share on the BSE. The move puts the stock within reach of its recent 52-week high of Rs.947.55, which it touched earlier this month on September 9. At the other end of its trading range, the stock hit a 52-week low of Rs.510 in August 2026.
The stock has lost 11% in 1 week, but has gained almost 39% in the last 1 month. Since its li...
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