Shares of Piramal Finance made an impressive debut on the stock exchanges today, listing 12% higher than their issue price, driven by strong investor enthusiasm and positive market sentiment.
The stock opened at a premium after the company’s recently concluded public offering saw robust participation from institutional and retail investors. Market analysts said the positive listing reflects confidence in Piramal Finance’s business model, diversified lending portfolio, and improving asset quality.
The company, a key player in retail and wholesale lending, has been focusing on expanding its footprint across affordable housing finance and small business lending. Investors are betting on its strategy to reduce legacy stressed assets and strengthen its balance sheet.
Brokerages had earlier noted that Piramal Finance’s valuation appeared attractive compared to its peers, which contributed to strong listing-day demand.
Following the debut, the stock continued to trade with healthy volumes, indicating sustained interest from market participants. Analysts believe that if the company maintains growth momentum and improves profitability, the stock could see further upside in the coming quarters.
The successful listing also adds to the recent string of strong debuts in India’s financial services sector, underscoring renewed investor appetite for fundamentally strong non-banking financial companies (NBFCs).
