Mumbai/IBNS, Nov. 6 -- Orkla India on Thursday made its modest stock market debut with its shares listing at three percent premium over its issue price of Rs. 730.10 on the National Stock Exchange (NSE), media reports said.

The stock ranged between Rs. 715 and Rs. 760 after the listing.

According to analysis, the company aims to raise Rs. 1,668 crore via the IPO, pricing and listing details suggest interest from anchor investors and strong grey market sentiment.

Prashanth Tapse, Senior Vice-President (Research) at Mehta Equities, said as quoted by Moneycontrol, "Orkla India, backed by strong brands such as MTR and Eastern, presents a compelling long-term structural growth story."

"Allotted investors are advised to hold the stock from ...