Given the huge impetus on the defence by the government, the stock presents a good opportunity for investors to participate in this niche space.
On the BSE, CarTrade Tech opened for trading at Rs 1,600, at a discount of 1.1% or Rs 18 over its issue price of Rs 1,618 per share
On the BSE, Krsnaa Diagnostics opened at Rs 1,025, at a premium of 7.44% or Rs 71 over its issue price of Rs 954 per share.
On the BSE, Devyani International opened for trading at Rs 141, at a premium of 56.67% or Rs 51 over its issue price of Rs 90 per share.
The valuations on an absolute, as well as a relative basis, are high and investors should consider booking profits at such high valuations
Udaipur-based infrastructure developer GR Infraprojects got listed at Rs 1,715.85, marking a premium of 105% on the NSE
Shares of India Pesticides opened for trading at Rs 360 on the BSE, compared to the issue price of Rs 296, at a premium of 21.62%
Sona BLW Precision Forgings (Sona Comstar) opened at Rs 301 per share on the National Stock Exchange, Rs 10 higher than the issue price of Rs 291
The stock traded at Rs 380 apiece in opening deals on the National Stock Exchange, compared to the issue price of Rs 306, marking a premium of 24%
Market experts suggest booking losses and exit the counter