Rentomojo shares jump 9% after listing at 19% premium over IPO price. Can the debut-day mojo last?

Rentomojo shares surged 9% after a strong debut, taking gains to 30% above the IPO price. The stock listed at a 19% premium and rallied to Rs 526.70 within an hour. While analysts see long-term potential, they have flagged valuation concerns and advised caution after the sharp listing-day gains.

This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.