WeWork India Shares Slip After Muted Market Debut
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BTCCSquare news:
WeWork India Management opened flat on its trading debut, with shares listing at ₹650 on the NSE—just ₹2 above its offer price—before sliding over 5%. The stock oscillated between ₹614.25 and ₹650.15, reflecting investor skepticism amid governance concerns and unclear earnings prospects.
By mid-morning, the scrip traded at ₹633.80 on the BSE and ₹634.40 on the NSE. The tepid performance follows a fully subscribed IPO, despite ongoing legal scrutiny involving the company's directors and promoters.
Market observers note near-term performance will hinge on demonstrating cost discipline, governance transparency, and a path to sustained profitability—a tall order for the coworking firm battling macroeconomic headwinds and sectoral skepticism.
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