Money doubled: Milky Mist, Technocraft, Xtranet, IndoMIM, ESDS turn IPO multibaggers - What’s special? Pattern decoded
A ipo & listings development with market-wide reach.
29 Sept 2026 · LiveMint Markets
Arun Kejriwal warns investors about recent gains in IPO stocks driven by non-fundamental factors. He highlights IndoMIM's unique model, cautions on ESDS's volatile prices, and expresses concern over Technocraft's market behaviour. An overall cautious approach is recommended for stocks.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Market context
- This is a market-wide development — its reach goes beyond any single stock.
- The immediate tone of coverage reads positive.
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