Kusumgar share price hits 10% upper circuit after stellar listing. Should investors buy, sell or hold the stock?

Kusumgar made a strong stock market debut on 15 July 2026, listing at a 37 percent premium at around Rs 574 on BSE and at around Rs 569 on NSE, against an issue price of Rs 419. The stock hit the 10 percent upper circuit to touch Rs 631.35 on BSE, rising over 50 percent from the issue price. The Rs 650.34 crore IPO, which was a 100 percent Offer for Sale, was subscribed 128.85 times. Emkay Global initiated coverage with a Buy rating and a target price of Rs 800, while Swastika Investmart advised investors to hold with a stop-loss at Rs 520 and book partial profits.