CMR Green Technologies shares fell sharply from their post-listing highs after debuting at a 43% premium to the IPO price. While analysts remain positive on the company's long-term prospects in the recycled metals space, they advise investors to avoid chasing the stock and wait for better entry levels.
CMR Green Technologies shares fell sharply from their post-listing highs after debuting at a 43% premium to the IPO price. While analysts remain positive on the company's long-term prospects in the recycled metals space, they advise investors to avoid chasing the stock and wait for better entry levels.
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Shares of CMR Green Technologies fell nearly 8% from their post-listing highs on Thursday as investors booked profits after a strong market debut. The stock slipped to an intraday low of Rs 250 on the BSE, after listing at a 43% premium to its issue price of Rs 192.The Rs 630.62-crore IPO was subscribed 127.07 times overall, making it one of the most sought-after public issues of the year. Institutional investors drove the demand, with the qualified institutional buyer (QIB) portion subscribed …
