Kissht shares rise 8% as AUM tops ₹10,000 crore
In short
Kissht shares jumped 8% after the company said its assets under management crossed ₹10,000 crore. The stock has now doubled from its IPO price of ₹171 since listing in May this year.
What the reporting says
Kissht shares rose 8% after the company’s assets under management topped ₹10,000 crore, according to the market update. Business Standard’s summary said Kissht debuted on Dalal Street in May this year, and the stock now trades 100% above its ₹171 IPO issue price. The move reflects strong market interest in the newly listed stock.
Why it matters
Kissht shares gained 8% as assets under management crossed ₹10,000 crore, and the stock was quoted at 100% above its ₹171 IPO issue price, according to the summary. The company listed on Dalal Street in May this year. The move points to strong market interest in the stock and the scale-up in its loan book or managed assets, as reflected in AUM.