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Mrs Bectors Food lists at 74% premium; should you book profit?

A minute into the debut, the stock surged to its maximum upper limit of 20 per cent at Rs 601.20, rising more-than-double the issue price on the BSE

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Mrs Bectors | Buzzing stocks | Markets

Deepak Korgaonkar & Saloni Goel 

Mrs. Bectors Food makes robust debut, doubles against issue price
The initial public offering (IPO) of Mrs Bectors Food Specialities received huge response with public issue garnering 198 times subscription

Shares of Mrs. Bectors Food Specialities made a strong debut at the bourses on Thursday with stock of the biscuit and bread manufacturer listing at Rs 501, a 74 per cent premium against its issue price of Rs 288 per share on the BSE on Thursday. A minute into the debut, the stock surged to its maximum upper limit of 20 per cent at Rs 601.20, rising more-than-double the issue price on the BSE.

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First Published: Thu, December 24 2020. 10:08 IST
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