ICICI Prudential AMC Ltd. shares made a strong debut on the stock market. The company’s shares listed on the NSE and BSE at a premium of approximately 20%, giving investors excellent returns on the listing day itself.
Behind this boom is a big news from the company recently. Ola Electric announced that its Gen 3 scooter line has received the Production-Linked Incentive (PLI) certificate.
The stock opened at ₹169.1, which was 10% below the lower circuit. A few minutes later, the stock was locked at the 20% lower circuit.
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