Shivani Nyati, head of wealth, Swastika Investmart, advises investors to take advantage of the listing and book profits. Those who want to hold it, may keep a stop loss at around Rs 745.
"The positive listing signifies some investor confidence in Krystal's comprehensive service offerings, diverse customer base, and strong financial track record. Its decent listing offers a window of opportunity, but the associated risks necessitate a cautious approach," she added.
The Rs 300-crore public issue was subscribed 13.21 times. Of the funds raised, the company plans to spend Rs 100 crore to meet its working capital requirements. A sum of Rs 10 crore will be used to repay debt and purchase machinery. The remaining is for general corporate purposes. Read More:
- Krystal Integrated Services Shares Erase All Listing Gains: Should You Hold or Sell? - Economic Times
- Krystal Integrated Services IPO Listing Tops Estimates: Should You Buy, Sell, or Hold? - Moneycontrol
- Krystal Integrated Services Shares Tank 9% After Positive Debut: Should You Hold or Exit the Stock? - Business Today
- BSE Sensex Today Live: Nifty Stock Market Updates - 21 March 2024 - Economic Times
- Stock Market Highlights: 21 March 2024 - The Hindu Business Line
- Krystal Integrated Services IPO Listing Date Today: Share Price Debuts at Premium to Issue Price - CNBC TV18
- Live Updates: Krystal Integrated Services IPO Listing Date Today - Zee Business
- Krystal Integrated Services Shares Erase All Listing Gains: Should You Sell or Hold? - Economic Times (Hindi)
