Afcons IPO Afcons Infrastructure stock surges 8.9% after listing at discount on NSE
Mumbai/IBNS: Afcons Infrastructure shares rose by 8.9 percent to Rs 463.9 on the NSE following a weak market debut earlier this week.
The stock opened at Rs 426 on the NSE, which was an 8 percent discount or Rs 37 below its IPO price of Rs 463.
Experts attribute this initial discounted listing to the current subdued market conditions but express confidence in Afcons Infrastructure's potential as a long-term investment.
On the BSE, the shares similarly debuted at a 7 percent lower price, opening at Rs 430.05.
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