eMudhra Share Price - eMudhra shares made a strong start on Dalal Street today, listing at 271 per share on BSE, offering good allottees a near 6% premium.

eMudhra shares retraced from their intraday high of 279 on the BSE to today's low of 256 per share. On the NSE, it was listed at 270 per equity share

According to stock market analysts, individuals who applied for listing gain can hold the stock with a stop loss at 240 and book profit once it recovers from today's lows

Those with a long-term perspective, on the other hand, can hold the stock for a one-year aim of 350 levels

They suggested new investors enter a one-year-long position at about 255 to 260 with a target price of 350 per share

eMudhra is India's largest licensed Certifying Authority and the only Indian firm that has been directly acknowledged by well-known browsers and document processing software companies such as Microsoft, Mozilla, Apple, and Adobe

Furthermore, eMudhra is the only Indian firm that has been approved by Web trust

It is allowing its digital signature certificates to be immediately recognized by browsers worldwide and allowing them to issue digital signature certifications in various nations

The increased need for data privacy, data protection, and digital transformation will aid the company's medium to long-term growth

The licensed certifying authority has already stated that the new issue proceeds will be used to repay debt and support working capital requirements

Purchase equipment, pay for other related costs for a proposed data center in India and overseas locations, develop products, invest in eMudhra INC, and general corporate purposes