Today is the IPO of Campus Activeware (Campus Activewear IPO) In the stock market (Share Market) Was listed. His listing was fantastic. The IPO on the Bombay Stock Exchange rose 22 percent (Bombay Stock Exchange) It was listed at Rs 355. Its issue price was Rs 292. At 11.45 am, the stock was trading at Rs 415, up 41 per cent. Rs. 337 is its lowest level. The IPO of Campus Active Ware was worth Rs 1400 crore. The IPO opened for subscription on April 26 and closed on April 28. Price band for Campus Active Wear IPO is Rs. 278-292 per share was fixed.
Market experts say the company’s fundamentals are very strong. In such a scenario, the stock is likely to rise. Market sentiment is still bad. In such a situation, pressure is being seen on every stock. Experts believe that there is no need to panic if the level drops to 290. For a short period i.e. for three months the target of this stock is Rs. 380-400 is held. The stock has crossed 400 on the first day itself. In such a situation new investors are not advised to make a position at this level.
Absolute possibility of profit booking at this stage
In a report published in the Mint, Ravi Singh, vice-chairman of GCL Securities, said sentiment in the secondary market is very bad. Market sentiment is completely bearish. In this case, there is every possibility of profit booking at this level. In such a situation, IPO investors can book 50% profit. It can stay with a stoploss of 290 for the position. It is advisable to exit if the stock falls below that.
Invest in this stock for the long term
Santosh Meena, head of research at Swastik Investment Ltd., said that campus active ware is a good stock to invest in. Experts will advise long term investment in this. Amidst the ongoing ups and downs in the market, such a large listing clearly shows that the company’s fundamentals are strong and the business is growing rapidly. It is a popular sports brand in India. Its distribution network is also very good. The company has full potential for growth and the business is also growing rapidly. These stocks can be invested for long term.
(Note: The purpose of this report is to convey information to you only. We will not have any profit or loss from the investment made on the basis of this report. Please seek the help of your financial advisor before investing.)
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