Kusumgar shares jump 10% after solid D-Street debut. What investors should do now?

Kusumgar Speciality debuted strongly on the bourses, listing at Rs 574 on BSE (36.99 percent premium) and Rs 569 on NSE (35.80 percent premium) over its issue price of Rs 419. The Rs 650 crore IPO, a complete Offer for Sale, was subscribed 128.85 times. Emkay initiated coverage with a Buy rating and a target price of Rs 800, implying around 91 percent upside, while Swastika Investmart advised holding with a stop-loss at Rs 520 and booking partial profits.