Business Standard

D-Mart's stellar debut: Should you hold or book profits?

The stock listed at Rs 604.40 on the BSE, 102% premium against its IPO price of Rs 299.

D-Mart
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Deepak KorgaonkarAprajita Sharma Mumbai & New Delhi
Avenue Supermarts (ASL), the operator of supermarket retail chain D-Mart, made a stellar debut on the bourses by listing at Rs 604.40 on the BSE, 102% premium against its initial public offer (IPO) price of Rs 299. LINK

On the National Stock Exchange (NSE), the stock opened at Rs 600, a 101% premium against issue price.

It hit a high of Rs 650 post its listing and settled 114% higher at Rs 342 on the BSE. On NSE, the stock settled at Rs 648.

Independent market analyst Ambareesh Baliga advised investors to book profits because the

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