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Today another IPO in the Indian stock market has made investors happy. A giant in the metal injection molding (MIM) sector. INDO-MIM Shares of have made a very strong start today on the domestic stock exchanges BSE and NSE. Amidst the ups and downs of the market, this stock made investors rich as soon as it entered Dalal Street.
Bumper listing with 44 percent premium
Amidst the ongoing turmoil in the IPO market, the listing of INDO-MIM shares has surprised everyone. Company’s share compared to its issue price Heavy premium of 44% Listed in the market with. Investors who got allotment in the IPO saw a huge profit per share as soon as trading started. Market analysts believe that due to the company’s strong business model and its global presence, investors have shown huge interest in it.
Price crossed ₹725 on the very first day
As soon as the bell rang, there was a rush in the market to buy this share. INDO-MIM shares gaining momentum within minutes of listing Crossing the level of ₹725 Did it. According to experts, due to the increasing demand for metal injection molding in the global market and the strong financials of the company, long term investors are eager to include this stock in their portfolio.
What is the opinion of experts and the next step for investors?
Market experts say that due to this rise in shares after listing, short-term investors can recover some of their profits (Profit Booking). However, for those who want to invest for the long term, this can prove to be a great bet. If you want to create a new position in this stock, it would be wise to wait for the market to stabilize a bit and keep in mind the stop-loss.