Recently listed Manipal Payment zooms 20%; Asset Reconstruction soars 10%
BSE is in focus in an ipo & listings development.
· Business Standard Mkts
Manipal Payment bounced back 26% from its listing day low, while Asset Reconstruction Company (India) recovered 23% on the BSE.
The analysis
BSE reported rs 10, with movement of 20%, 10% and 26% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The immediate tone of coverage reads positive.
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