This newly listed stock more than doubled investors' money in less than 2 months; HDFC Securities sees further upside
Indo-MIM's stock has more than doubled since its IPO on July 30, rising 118% to ₹1,056.10 by September 18. HDFC Securities initiated coverage with a 'buy' recommendation, projecting a 33% upside to ₹1,407, citing the company's strong growth potential in advanced manufacturing technologies. Investors should watch for further developments as Indo-MIM capitalizes on emerging market opportunities.