Waterways Leisure Tourism shares hit the 10% upper circuit for a second consecutive session on Friday, July 3, as investors continued to accumulate the newly listed stock.
The surge marks a sharp reversal from the company’s initial public offering debut, which saw shares trade at a significant discount to the issue price.
The stock closed at ₹734.05 on the Bombay Stock Exchange on Thursday, hitting the upper circuit limit.
The continued buying pressure on Friday indicates that early selling interest has been absorbed, with the share price now nearing the IPO issue price.
This rapid repricing suggests that market participants are re-evaluating the valuation of the ocean cruise operator following its full subscription.
The IPO concluded its subscription window with full subscription, driven largely by strong interest from the retail investor segment.