After an uptick during the first month since its public listing on November 13 2024 where it gained 58% from the offer price of ₹390, the stock has gradually sunk below this threshold. In 2025 so far, it has lost 37%. The stock may remain under pressure in the short term given rising fixed costs and drag on contribution margin due to the fast pace of store additions. After an uptick during the first month since its public listing on November 13 2024 where it gained 58% from the offer price of ₹390, the stock has gradually sunk below this threshold. In 2025 so far, it has lost 37%. The stock may remain under pressure in the short term given rising fixed costs and drag on contribution margin due to the fast pace of store additions. Economic Times