New Delhi, Sept. 18 -- A newly-listed stock has more than doubled investors' money in less than two months, and according to brokerage firm HDFC Securities, it can still rise further by more than 30% from the current levels.

The stock- Indo-MIM - debuted on the Indian bourses on 30 July this year. On 18 September, Indo-MIM share price hit a record high of Rs.1,063.80 during the session, but ended 6.28% higher at Rs.1,056.10, extending gains for the second consecutive session. At this level, the stock is up almost 118% from its IPO price of Rs.485. The stock's record low is Rs.701, set on the listing day itself.

On 18 September, domestic brokerage firm HDFC Securities initiated coverage on the Indo-MIM stock with a "buy" recommendation, ...