Why are investors thrilled about the prospects of Campus and Metro?
Shares of footwear companies Campus Activewear Ltd and Metro Brands Ltd rose over 4% each on Monday, adding to the gains seen earlier. Campus’ shares that listed in May have risen as much as 98% from its initial public offering (IPO) issue price of ₹292 apiece. Metro’s shares are up 63% from its IPO issue price of ₹500 each in December.
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