IPO and New Listing

“As expected, Cyient DLM made an outstanding entry in the secondary market at a listing price of Rs 403. The issue price of the IPO at the upper band was Rs 265; hence, it listed at a premium of 52%. Cyient DLM is a fundamentally strong company, has a strong track record of growth, and is well-positioned to benefit from the growing demand for digital manufacturing solutions. We will not recommend a fresh Buy at this level. However, existing investors can hold the shares for the long term with a stop loss at 362.7, as the company has good growth prospects,” said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart Ltd.Read more:

1. Cyient DLM IPO Listing: Shares list at over 50% premium on BSE, NSE; Should you hold the stock or book profit? - Financial Express
2. Analysts cautious after Cyient DLM big-bang listing spins bumper gains - MoneyControl
3. IdeaForge Technology shares crash 10% on profit booking post stellar listing - Business Today
4. Cyient DLM Shares Surge 51% In Stellar Stock Market Debut - Republic World

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