Shares of Oswal Pumps climbed as much as 2.7% in early trade on Friday to Rs 649.15 on the BSE, after listing at Rs 632 apiece, marking a muted debut below grey market expectations. On the NSE, the stock opened slightly higher at Rs 634, a 3.26% premium over the issue price of Rs 614. Despite the underwhelming start, brokerages remain optimistic about the stock’s long-term potential, citing strong fundamentals and favourable policy tailwinds.
