Kalpataru stock price today: Shares list flat at Rs 414, but rally 9% later

Kalpataru Ltd shares debuted flat but surged later, reaching Rs 453 on the BSE. The IPO, subscribed 2.31 times, will use proceeds to repay borrowings. Despite a positive debut, analysts caution on high valuations, noting past losses and a high price-to-earnings ratio, advising investors to monitor execution and leverage.