GENERAL29 Sept 2026
Money doubled: Milky Mist, Technocraft, Xtranet, IndoMIM, ESDS turn IPO multibaggers - What’s special? Pattern decoded | Stock Market News
Five recent IPOs have more than doubled from their issue prices, led by ESDS Software's 270% rise, IndoMIM at 166%, Technocraft at 132%, Milky Mist at 127% and Xtranet at 124%. But expert Arun Kejriwal warns these gains come from factors beyond fundamentals, and some stocks are already sliding. He advises a cautious approach, since some prices have run well ahead of actual business performance.
Key Statutory Highlights
- ESDS Software, issued at ₹429, is now trading around ₹1,586.35, a gain of about 270%.
- IndoMIM rose from ₹485 to ₹1,288.40, and Milky Mist Dairy Food climbed from ₹140 to about ₹318.
- Arun Kejriwal says the sharp gains come from non-fundamental factors, and he would avoid Technocraft Ventures.
Actionable Advice for Taxpayers / Founders:Before buying any of these recently listed stocks, check whether the price still matches the company's actual business performance, and avoid chasing stocks simply because they have already doubled.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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