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Madhusudan Kela-backed MV Electrosystems shares more than double from IPO price in just 2 months. Should you buy? ↗

MV Electrosystems shares have surged over 100% from their IPO price, boosting Madhuri Kela’s stake value to Rs 111.55 crore. However, declining FY26 revenue and a net loss raise concerns about the company’s future profitability.

From The Economic Times Markets

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2 sources

  1. The Economic Times Markets · 9 Oct, 15:55 IST
  2. The Economic Times Stocks · 9 Oct, 15:55 IST

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