Shares of Fractal Analytics witnessed a subdued start on the bourses, listing below the issue price and reflecting cautious investor mood. The stock opened at Rs.876 on NSE, marking a discount of about 2.6 percent to its IPO price.
The Rs.2,840 cr. public issue had drawn attention ahead of listing, but the lukewarm debut indicates that investors remain selective amid volatile market conditions. Analysts note that post-listing performance will depend on earnings visibility and broader tech sentiment.
Going ahead, market watchers will closely track institutional participation and price stability in the counter.
