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Shree Ram Twistex IPO Lists At 30% Discount, Clean Max Falls 20% In Debut Trade: Should You Buy, Sell Or Hold?
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Shares of Shree Ram Twistex Ltd and Clean Max Enviro Energy Solutions Ltd make lacklustre stock market debuts on March 2.
IPO Listings of Shree Ram Twistex Ltd and Clean Max Enviro Energy Solutions Ltd.
Shares of Shree Ram Twistex Ltd and Clean Max Enviro Energy Solutions Ltd made lacklustre stock market debuts on March 2, listing at steep discounts to their issue prices amid a sharp broader market sell-off triggered by escalating geopolitical tensions in the Middle East.
At 01:57 pm, the Sensex tumbled over 1,800 points, slipping below the 79,500 level; meanwhile, Nifty dropped below the 24,650 level.
Shree Ram Twistex lists at sharp discount
Shree Ram Twistex opened at Rs 68 on NSE, down 34.61% from its issue price of Rs 104, and at Rs 70 on BSE, marking a decline of 32.69%. The company’s market capitalisation stood at Rs 275.83 crore after listing.
Despite the weak debut, the IPO had seen strong investor demand, receiving 43.66 times subscription. The Rs 110.24-crore issue was entirely a fresh issue of up to 1.06 crore shares priced in the Rs 95-104 band.
Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, said, “The muted listing reflects cautious sentiment and possible profit booking, even though the IPO was subscribed 43.66 times, with very strong demand in the retail and NII categories.”
She added that proceeds will be used for captive solar and wind power plants, debt repayment, and working capital support, which could lower energy costs over time.
“Volatility may persist in the short term. High-risk investors can consider holding with a strict stop loss at Rs 60. Fresh entry is advisable only after the stock shows signs of stability and buying support,” she said.
Clean Max falls sharply after listing
Clean Max Enviro Energy Solutions listed at Rs 960 on NSE, an 8.83% discount to its upper price band of Rs 1,053, and at Rs 952.20 on BSE, down 9.57%. During the session, the stock dropped as much as about 20% from its opening levels. The firm’s market valuation stood at Rs 10,111.54 crore.
The Rs 3,100-crore IPO saw moderate demand, getting subscribed 94%. The issue comprised a fresh issue worth Rs 1,200 crore and an offer-for-sale of Rs 1,900 crore.
Nyati said, “While the long term business outlook remains structurally positive, the weak listing indicates near term caution and limited immediate upside visibility.”
She advised caution for investors: “Allottees may hold if risk appetite is high but should maintain a strict stop loss at Rs 900. Fresh investors are advised to wait for price stability and strong demand support before considering new positions.”
Business fundamentals vs listing sentiment
Shree Ram Twistex manufactures cotton yarn, while Clean Max operates in the renewable energy solutions space, providing solar, wind, hybrid power and carbon credit services for commercial and industrial clients.
Analysts note that weak listing performance does not necessarily reflect long-term fundamentals, particularly when broader market sentiment is risk-averse. However, steep listing discounts often indicate either aggressive IPO pricing or short-term liquidity pressure.
Should investors buy, sell or hold?
For Shree Ram Twistex, experts suggest only high-risk investors consider holding with tight risk management, while new investors should wait for price discovery. For Clean Max, the recommendation is similar: hold only if risk appetite is high and avoid fresh positions until stability returns.
In both cases, analysts stress that listing day performance should not be the sole investment metric; sustained earnings visibility, balance-sheet strength and institutional participation over the coming quarters will determine whether these stocks recover or continue to lag.
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March 02, 2026, 14:42 IST
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Top stocks to buy today: Stock recommendations for April 17, 2026 – check list – The Times of India
Stock market recommendations: Reliance Industries, and Varun Beverages are the top stock recommendations by Bajaj Broking Research for April 17, 2026.Reliance IndustriesBuy in the range of ₹ 1330.00-1350.00
Reliance Industries stock has undergone a corrective phase over the past three months and is currently consolidating near a crucial support zone of ₹1270–₹1300. This technical setup offers a favorable risk-reward profile, positioning the stock for a potential bullish reversal and the next leg of uptrend.This ₹1270–₹1300 range serves as a crucial support area, reinforced by the convergence of multiple technical factors: (a) 61.8% retracement of the previous April 2025-January 2026 up move (1115-1611) (b) 200 weeks EMA placed around 1292, which has historically acted as strong demand area for the stockThe ongoing corrective phase appears to be nearing exhaustion, with price action indicating the potential for a fresh bullish reversal. We anticipate the stock to resume its uptrend and head towards ₹ 1474 levels in the coming quarters being the high of February 2026 and the 61.8% retracement of the recent decline of the last 3 months ₹ 1611-1290.Varun BeveragesBuy in the range of 455-465
The share price of Varun Beverages has generated a breakout above the falling channel containing last 3 months decline signaling strength and offers fresh entry opportunity.The stock has also formed a higher high and higher low signaling resumption of up move after recent corrective decline.We expect the stock to head higher towards 503 levels in the coming weeks being the 80% retracement of the previous decline from 534 to 381.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
Experts say Mythos potentially has an unprecedented ability to identify and exploit cybersecurity weaknesses.
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Anthropic’s new AI model exposes fresh risks, flaws for cybersecurity, IT services – The Times of India
New Delhi: A powerful new AI model is forcing govts, banks, and technology firms to rethink the rules of cybersecurity – and in India, the stakes may be even higher.Claude Mythos, developed by Anthropic, has demonstrated the ability to autonomously detect and exploit software vulnerabilities, including flaws that have persisted for decades. Early tests revealed that the model could identify long-standing weaknesses and simulate complex, multi-step cyberattacks, prompting the company to restrict its wider release. Anthropic CEO Dario Amodei highlighted the shift, noting that AI systems are now capable of finding vulnerabilities “that humans have missed”, a signal of how quickly the cybersecurity landscape is changing.US Treasury Secretary Scott Bessent reportedly convened a meeting with top bank executives – including leaders from JPMorgan Chase, Goldman Sachs, Citigroup, BoA, and Morgan Stanley – to assess the risks posed by such advanced AI systems.That concern is not theoretical. According to Jaydeep Singh, GM for India at Kaspersky, the emergence of such systems represents a turning point not just for security professionals, but for everyday users. “We have been closely monitoring how AI is reshaping the threat landscape, and Claude Mythos represents a moment that every user, not just the cybersecurity industry, needs to understand,” Singh said.The dual-use nature of AI is at the heart of the concern. The same capability that strengthens defences can just as easily be weaponised. “The same capability that finds a 27-year-old vulnerability in hardened infrastructure is the capability that, in the wrong hands, turns every unpatched system into an open door,” Singh added.Cybersecurity firm Check Point Software Technologies echoed the warning. Sundar Balasubramanian, MD, India and South Asia, for Check Point, says, AI is “dramatically lowering the barrier to entry for cyber attackers,” enabling even less-skilled actors to identify and exploit vulnerabilities. He added that defensive tools can be repurposed offensively, compressing the traditional gap between attackers and defenders. Jayant Saran, partner, Deloitte India, described this as a “changed reality,” where organisations must prepare for risks that were previously invisible. He called AI a “double-edged sword…that cannot be reversed,” highlighting an accelerating race between those securing systems and those attempting to break them.In India, the risks are amplified by scale. From UPI to banking and govt platforms, millions depend on digital infrastructure – much of it built on legacy systems. These systems are often slower to patch, harder to monitor, and lack continuous threat intelligence, creating what Saran called an “asymmetric risk exposure.” Singh pointed out that this gap is especially critical in India, where legacy infrastructure serves hundreds of millions.Beyond cybersecurity, ripple effects could reach financial markets. Analysts say models like Mythos could automate parts of software development, testing, and security – core functions of IT services industry. While disruption may be gradual, labour-intensive outsourcing models could face pressure, while firms embracing AI may benefit.
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