Ardee Industries shares trades at ₹69 level after nearly 40% premium listing
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Ardee Industries shares opened at ₹72 on the NSE and ₹73.60 on the BSE, both representing a nearly 40% premium over the IPO price of ₹53. As of the latest update, the stock is trading around the ₹69 level, reflecting little more than 30% gains since its debut. Shivani Nyati, Head of Wealth at Swastika Investmart Ltd., praised the company's strong market debut, highlighting its positive outlook.
Ardee Industries specializes in the sustainable recovery and recycling of end-of-life energy storage products and non-ferrous scrap, including high-purity lead. Analyst Dr. Ravi Singh from Master Capital Services Ltd. noted the company's growing relevance in the circular economy and battery recycling space, driven by increasing demand for energy storage and the transition to electric mobility.
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