Moneyview shares are up 58% from IPO price, jump 4% today after BofA coverage - what it said, check price target
Indian markets moved higher in an ipo & listings development.
· LiveMint Markets
Moneyview shares rose about 4% after BofA initiated coverage with a Neutral rating and a ₹65 price target, implying roughly 18% upside from its reference price. The brokerage cited growth potential but said the stock’s 58% post-IPO rally has balanced its risk-reward.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
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