Heranba IPO listing price today: Share soars to Rs 900 on debut - Anil Singhvi lays out strategy for investors
Heranba IPO listing price today: Buoyed by strong subscription, Heranba Industries IPO on Friday was listed on NSE at Rs 900 as against its issue price of Rs 627
Heranba IPO listing price today: Buoyed by strong subscription, Heranba Industries IPO on Friday was listed on NSE at Rs 900 as against its issue price of Rs 627, almost above Rs 300 and 45% premium over its issue price. The IPO saw strong listing, however, fell short of Four-digit figure as expected by many.
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Talking about Heranba IPO listing, Zee Business Managing Editor Anil Singhvi said we had advised investors to put money in this IPO for both listing gains and with long-term objective.
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"It is a very strong listing of almost Rs 300 above the issue price. With this, one more IPO made a strong entry in the stock market," he said
Talking about trading in Heranba share, the Market Guru recommended to trade in this counter with a stop-loss of Rs 850. He said once Heranba share price crosses Rs 950, one should keep placing stop-loss of Rs 50 below the top price and ride it.
During filing of this report, Heranba share had created a low of Rs 852 and high of Rs 945 on its opening day on Friday.
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