Generally, stocks witnessing lacklustre debuts tend to trade below the issue price for the short term, while those that report strong listings see strong investor momentum. Angel Broking, which listed in October at more than 10% discount from its issue price of ₹306, is now up over 144%. Real estate developer Macrotech Developers, formerly Lodha Developers, rose nearly 25% from its issue price. Shares of EasyTrip Planners are up 56% from their issue price of ₹187. Barbeque Nation, which also had a lacklustre opening, has surged nearly 36% from its issue price.

Source: Mint May 26, 2021 19:52 UTC