Investors should wait for an opportunity for a healthy correction and the price to go below the IPO price for making a fresh entry for long term.
Sansera Engineering IPO: It opened for trading at Rs 811.50 on the National Stock Exchange, compared to the issue price of Rs 744.
Sansera Engineering on 13 September 2021 finalised the allocation of 51,35,162 equity shares to anchor investors aggregating to Rs 3,82,05,60,528.
Among sectors seeing traction today, Bolinjkar believes energy stocks are in focus and Coal India in that theme will be an important stock to track
Sansera Engineering’s business witnessed marked recovery from the impact of Covid led complete lockdown in H1FY21.
Sansera Engineering IPO: The company managed to reduce its net debt from Rs 563.76 crore in FY19 to Rs 484.60 crore in FY21.
Citing company's strong product portfolio, advanced manufacturing capabilities and robust track record, most brokerages have a subscribe rating