Lumino Industries share price extends gains after a stellar IPO listing, up 41.5% from issue price: Should you buy?

Lumino Industries shares rose 5.2% to ₹116.08 on September 4, maintaining strong momentum post-IPO. The stock trades 41.5% above its IPO price of ₹82. Positive valuations and profitability encourage investment, but significant government reliance poses risks.