FirstCry debuts on Indian stock market with a bang
Shares surge 52% in trading debut
Mumbai-based baby products retailer FirstCry debuted on the Indian stock market on Tuesday, August 12, 2024, with a 52% surge in its share price. The strong debut is a reflection of investors' confidence in the booming baby products market in India.
FirstCry is one of the leading baby products retailers in India, with a strong presence in both online and offline channels. The company's shares were listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) at Rs 651 per share. The shares opened at Rs 750 per share on the BSE and Rs 751 per share on the NSE, and continued to rise throughout the day.
The strong debut of FirstCry's shares is a positive sign for the Indian stock market, which has been struggling in recent months. It also underscores the growing confidence of investors in the Indian economy.
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