Analyst warns IPO multibagger gains may be non-fundamental
In short
Arun Kejriwal warned investors about sharp gains in IPO stocks like Milky Mist, Technocraft, Xtranet, IndoMIM and ESDS. He said the rise may be driven by things other than company fundamentals.
This matters because investors may be chasing risky gains in newly listed stocks. The reporting does not give prices, dates or company replies, so the exact scale of the move is unknown.
What the reporting says
Arun Kejriwal warned investors about recent gains in IPO stocks such as Milky Mist, Technocraft, Xtranet, IndoMIM and ESDS, saying the moves may be driven by non-fundamental factors. He highlighted IndoMIM’s unique model, cautioned on ESDS’s volatile prices, and said Technocraft’s market behaviour is concerning. The reporting does not give price levels, dates, or any company response.
Why it matters
Arun Kejriwal cautioned that recent gains in several IPO stocks, including Milky Mist, Technocraft, Xtranet, IndoMIM and ESDS, may be driven by non-fundamental factors. The source says he flagged IndoMIM’s model, ESDS’s volatility and Technocraft’s market behaviour, and recommended a cautious approach. The reporting does not include prices, dates, or detailed performance data for the named stocks.