Oswal Pumps made a muted market debut, listing at Rs 632 on the BSE—below grey market expectations of Rs 655—despite broader market gains. The stock rose up to Rs 649.15 in early trade. While the listing premium was modest at 2.7–3.3%, brokerages remain bullish on the company’s long-term prospects, citing strong fundamentals and favourable government policies.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets