Listing gains hard to come by in 2024 amid small & midcap selloff
Selloff in mid-cap, small-cap stocks affected IPOs' listing gain predictability. Market volatility, stretched valuations, March decline in NSE's Mid-cap 150, Small-cap 250 indices influenced debut performances. JG Chemicals, RK Swamy, Gopal Snacks, Popular Vehicles, and Krystal Integrated closed below their IPO prices on the opening day.
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