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SRM Contractors had a positive debut on BSE and NSE. Analysts praised the company's project control, financial performance, and focus on infrastructure projects in Jammu and Kashmir.
Analysts said the strong overall subscription of 86.57 times for the IPO also added to the surprise of the flat listing. Keeping aside the listing gains, analysts see a compelling proposition for investors with a long-term perspective.
SRM Contractors outlook is bolstered by several key strengths, including its proven track record of efficiently executing road, tunnel, and slope stabilisation projects within its focused region.