Ardee Industries shares fell nearly 7% from their BSE listing price after a strong debut, but remained over 29% above the IPO price. With analysts advising IPO allottees to hold with a stop-loss and fresh buyers to wait for dips, here’s what investors should know about the stock.
Ardee Industries shares fell nearly 7% from their BSE listing price after a strong debut, but remained over 29% above the IPO price. With analysts advising IPO allottees to hold with a stop-loss and fresh buyers to wait for dips, here’s what investors should know about the stock.
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Ardee Industries shares fell over 6% from their BSE listing price on Wednesday after a strong D-Street debut earlier in the day. The stock listed at Rs 73.60 on the BSE, a premium of nearly 39% over its issue price of Rs 53, while debuting at Rs 72 on the NSE.The initial listing gains, however, proved short-lived as profit-booking dragged the stock down by 6.93% from its BSE opening price to trade around Rs 68.50.Despite the post-listing drop, the stock continues to hold strong gains of over 29…
