GENERAL18 Sept 2026
This newly listed stock more than doubled investors' money in less than 2 months; HDFC Securities sees further upside
Indo-MIM, which listed on 30 July at an IPO price of ₹485, has more than doubled investors' money in under two months. On 18 September it closed at ₹1,056.10, up almost 118%. HDFC Securities began coverage with a buy call and a ₹1,407 target, suggesting a 33% upside. Remember, this is one brokerage's view, not a guarantee.
Key Statutory Highlights
- Indo-MIM debuted on the Indian bourses on 30 July this year with an IPO price of ₹485.
- On 18 September the stock hit a record high of ₹1,063.80 and closed 6.28% higher at ₹1,056.10, up almost 118% from its IPO price.
- HDFC Securities started coverage with a buy recommendation and a target price of ₹1,407, implying a 33% upside from the close of ₹1,057.85.
Actionable Advice for Taxpayers / Founders:Treat this as one brokerage's opinion, not a promise of returns. Review your own goals and risk appetite, and speak to a certified expert before buying or selling this stock.
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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