Qualiance International, Paluck Technologies and Complete Sports SME IPOs open with varying grey market premiums ranging from 43% to zero

Brokers have initiated coverage on three Indian stocks with buy ratings implying returns between 19% and 34%. Motilal Oswal Financial Services set a price target of Rs 250 for Adani Ports, representing 19% upside. Jeffries established a Rs 3,250 target for Welspun Corp, indicating a 22.8% gain. Nomura recommended Wakefit Innovations with a Rs 200 target, projecting a 33.8% increase. Three new IPOs opened on the NSE SME platform. Qualiance International issued 35.52 lakh shares for Rs 45.11 crore at a price band of Rs 120 to 127. The grey market premium (GMP) stands at 43%. Subscription figures suggest strong investor interest. Three issues opened on the BSE SME platform today. Paluck Technologies listed with a GMP of 19% after raising Rs 33 crore through 68.76 lakh shares. It subscribed 271.68 times overall, with retail investors contributing 372.67 times. Complete Sports and Management raised Rs 74.93 crore through 35.52 lakh shares at a price band of Rs 90 to 96. The GMP remains unreported for this issue, implying flat listing expectations.