Stocks In News Today: Mamata Machinery, NMDC, DAM Capital, Mazagon Dock Shares In Focus

Stock markets are witnessing increased activity today, particularly with significant interest in the shares of Mamata Machinery, NMDC, DAM Capital, and Mazagon Dock Shipbuilders. These stocks have captured the attention of investors as they move through the trading session.

Mamata Machinery Up

Mamata Machinery Ltd. made a remarkable debut on the stock exchanges, with shares launching at a stunning 146.9% premium over its issue price. By midday trading, its shares were locked in the upper circuit. The company’s IPO, which concluded on December 23, 2024, attracted overwhelming investor interest, being subscribed 194.95 times, largely driven by non-institutional investors. The IPO included only an offer-for-sale component amounting to Rs 179.4 crore.

NMDC Mixed Performance

Shares of NMDC Ltd. experienced a slight pullback, giving up initial gains after the stock began trading ex-bonus. Early in the session, the stock saw a modest rise of 0.86%, reaching Rs 72.10 on the NSE after adjusting for the bonus issue. The fluctuating nature of the stock indicates investor cautiousness amid bonus adjustments.

DAM Capital Steady Gains

DAM Capital Advisors Ltd. enjoyed a strong start, listing at a premium of 38.87% over its issue price. By midday, shares had risen further, trading at a notable 52.4% above the initial price, priced at Rs 431.40. Its IPO, which also closed on December 23, was subscribed 82.08 times, with substantial demand from qualified institutional buyers. The IPO consisted only of an offer-for-sale worth Rs 840.25 crore.

Mazagon Dock Decline Continues

Mazagon Dock Shipbuilders Ltd. encountered a downward trend after seeing a one-day rise. The stock is now trading ex-split and has previously suffered a nearly 13% drop within five trading sessions prior to the recent uptick.

Transrail Lighting Significant Debut

Transrail Lighting Ltd. was among the stocks that debuted today, trading significantly higher at 34% above its issue price by midday, with shares priced at Rs 579. It listed at Rs 590, reflecting a premium of 36.57% over the set issue price of Rs 432. On the BSE, it started trading at Rs 585.15, representing a 35.45% premium.

The overall market trends suggest cautious optimism among investors today, as benchmark equity indices demonstrated resilience. As of 1:15 p.m., the NSE Nifty 50 index quoted 23,849.55 points, with an increase of 0.42% or 99.35 points, while the Sensex rose by 0.43% or 337.59 points, reaching 78,810.07.

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