Cams, Chemcon see bumper listings today, Anil Singhvi reveals investment strategy
CAMS IPO: The Computer Age Management Services Limited (CAMS) stock was listed on the BSE at Rs 1530 today while Chemcon Speciality Chemicals Limited stock also saw a bumper listed at Rs 731 on the NSE
CAMS IPO: The Computer Age Management Services Limited (CAMS) stock was listed on the BSE at Rs 1530 today while Chemcon Speciality Chemicals Limited stock also saw a bumper listed at Rs 731 on the NSE.
The there-day CAMS issue was on offer till 23 September, 2020. The shares were on offer at Rs 1,229-1,230 per share. The company conducted this IPO to raise around Rs 2,242 crore. The IPO offered up to 18,246,600 Equity Shares (including anchor portion of 54,19,230 Equity Shares).
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CAMS और केमकॉन की शानदार लिस्टिंग...
CAMS इश्यू प्राइस ₹1230 के मुकाबले ₹1518 पर लिस्ट और केमकॉन 115% के प्रीमियम के साथ ₹730.95 पर लिस्ट
— Zee Business (@ZeeBusiness) October 1, 2020
Both the IPOs got bumper listings as has been predicted by Zee Business Managing Editor Anil Singhvi. The Market Guru had advised investors to book profits if the stop loss of Rs 675 is triggered. For CAMS he had recommended a stop loss of Rs 1500.
CAMS shares were trading at Rs 1415 around 2:15 pm while the Chemcon shares were trading at Rs 588 around this time.
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Market Guru had earlier said that CAMS was his favourite stock and is worth including in the portfolio. He said that the listing will not be doubled, like what has been happening in the recent times but this stock is a must for investors.
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