What is the story about?
New listings continued to witness strong trading interest on Dalal Street amid improving market sentiment. Shares of recently listed Billionbrains Garage Ventures Ltd., Lenskart Solutions Ltd., and ICICI Prudential Asset Management Company Ltd. gained by as much as 7% on Monday, December 22, accompanied by a sharp jump in volumes.
Billionbrains Garage Ventures, the parent company of Groww, extended its rally for the third straight session. The stock has surged up to 20% over the last three sessions, with trading volumes worth nearly ₹1,607 crore recorded on Monday.
Lenskart shares also advanced for the third consecutive day. Trading activity remained elevated, with shares worth over ₹676.76 crore changing hands on the NSE, according to exchange data.
Meanwhile, shares of ICICI Prudential AMC continued to build on their strong listing gains. The company made a robust market debut on Friday, listing at a premium of over 20% to its issue price. On Monday, the stock clocked trading volumes of nearly ₹887.26 crore.
Three brokerage firms have started coverage on ICICI Prudential AMC. Centrum Broking initiated coverage on the stock with a 'Buy' rating and a price target of ₹3,181. Equirus Securities had initiated with a 'Long' rating and a price target of ₹2,900. PL Capital, part of the Prabhudas Lilladher Group, also initiated with a 'Buy' rating and a price target of ₹3,000.
ICICI Prudential AMC debuted at ₹2,600 per share on the NSE, a 20.09% premium over the upper end of the IPO price band of ₹2,165. The ₹10,603 crore public issue was priced between ₹2,061 and ₹2,165 per share.
Following its listing, ICICI Prudential AMC has emerged as India's most valuable listed AMC, overtaking HDFC Asset Management Company, which has a market capitalisation of about ₹1.12 lakh crore, and Nippon Life India Asset Management, valued at around ₹56,000 crore.
Billionbrains Garage Ventures, the parent company of Groww, extended its rally for the third straight session. The stock has surged up to 20% over the last three sessions, with trading volumes worth nearly ₹1,607 crore recorded on Monday.
Lenskart shares also advanced for the third consecutive day. Trading activity remained elevated, with shares worth over ₹676.76 crore changing hands on the NSE, according to exchange data.
Meanwhile, shares of ICICI Prudential AMC continued to build on their strong listing gains. The company made a robust market debut on Friday, listing at a premium of over 20% to its issue price. On Monday, the stock clocked trading volumes of nearly ₹887.26 crore.
Three brokerage firms have started coverage on ICICI Prudential AMC. Centrum Broking initiated coverage on the stock with a 'Buy' rating and a price target of ₹3,181. Equirus Securities had initiated with a 'Long' rating and a price target of ₹2,900. PL Capital, part of the Prabhudas Lilladher Group, also initiated with a 'Buy' rating and a price target of ₹3,000.
ICICI Prudential AMC debuted at ₹2,600 per share on the NSE, a 20.09% premium over the upper end of the IPO price band of ₹2,165. The ₹10,603 crore public issue was priced between ₹2,061 and ₹2,165 per share.
Following its listing, ICICI Prudential AMC has emerged as India's most valuable listed AMC, overtaking HDFC Asset Management Company, which has a market capitalisation of about ₹1.12 lakh crore, and Nippon Life India Asset Management, valued at around ₹56,000 crore.
