-
Shares of auto component maker Craftsman Automation made a tepid market debut and closed with a discount of 5% against its issue price of Rs 1,490
-
IOC, Maruti Suzuki, HUL, Bharti Airtel and Coal India were among the major losers on Nifty.
-
Hold the stock for the long term to reap the benefits of BS-IV to BS-VI transition, scrappage policy and electric vehicles introduction.
-
Market experts believe that the premium listing of 21% have made the valuations expensive for Laxmi Organics Industries and investors should look at booking listing gains.
-
The report said that passive investments are also gaining interest among Indian investors with about 25% investing in ETFs.
-
On the BSE, 538 shares rose and 2087 shares fell. A total of 148 shares were unchanged.
-
On the BSE, Craftsman Automation opened at Rs 1,350, at a discount of 9.40%.
-
On the BSE, Laxmi Organics Industries opened at Rs 156.20, at a premium of 20.15%.
-
In opening trades, Sensex was trading at 48,862 down 318 points or -0.65%; while the broader market index Nifty lost 82 points or -0.56% at 14,467.
-
Shares of specialty chemicals company Laxmi Organic Industries will debut on the bourses today, 25 March 2021.