Madhusudan Kela-backed MV Electrosystems shares more than double from IPO price in just 2 months. Should you buy?
Indian markets moved higher in an ipo & listings development for FY26.
· ET Stocks, Economic Times Markets
MV Electrosystems shares have surged over 100% from their IPO price, boosting Madhuri Kela’s stake value to Rs 111.55 crore. However, declining FY26 revenue and a net loss raise concerns about the company’s future profitability.
Key facts
- Period
- FY26
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
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