Sirma SGS Technology is listed on BSE and NSE at a premium of around 19 per cent. Sirma SGS Technology share price opened on BSE 262 further climbed to its intraday high 295 each, was providing around 35 per cent listing benefit to its allottees as the public issue was offered at the price band. from 209 220 per equity share.
According to Share Market Experts, who applied for listing benefit, should book profit and exit as they are already getting good return on their investment. However, those who have a long-term view can place the stock with a stop loss. 225 and continue to deposit after a major fall as profit-booking is awaited by short-term investors.
Speaking on the reasons for the strong debut of Sirma SGS Technology ShareSantosh Meena, Head of Research, Swastika Investmart Limited said, “Sirma SGS Technology Limited has launched 262 i.e. 19 percent more than its issue price. The good listing of the company can be attributed to positive market sentiments, excellent prospects and good response from investors. With a heavy focus on R&D-based innovation and an experienced management team, the company has managed to enter various growing areas such as PCBA, Radio Frequency Identification (RFID), Electromagnetic and Electromechanical Parts, and other Information Technology related products Is. The company’s geographically diverse manufacturing location and business model that starts from product concept design and focuses on every segment of the overall industry value chain, gives them a competitive advantage over other players.” advised to maintain. 225 each level.
On suggestions by those who missed out on Sirma SGS Technology shares during the allotment process, Ravi Singhal, CEO, GCL Securities said, “Those who want to take fresh positions in scrip are advised to wait for correction and buy . 270 level target for 6-9 months 344 per share level. In case of any major downside, which is expected post profit-booking by short term investors, allottees with long term perspective can deposit the stock if they have surplus funds and hold for the target of 6-9 months 344 each level.”
Ravi Singhal of GCL Securities said that only those investors who have a medium to long term outlook should buy the shares.
Sirma SGS Technology IPO Ltd. was subscribed 32.61 times, while its retail segment was subscribed 5.53 times. In the QIB category, it was subscribed 87.56 times while its NII portion was subscribed 17.50 times.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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