Gallant Ispat should move up for few days: Avinash Gorakshekar, Anagram Capital Ltd
At Rs 50, definitely Gallant Ispat was a fairly attractive kind of offering.
By 
|
| Avinash Gorakshekar, Head of Research, Anagram Capital Ltd, in a chat with ET Now talks about Gallant Ispat.
What is your take on some of these new listings like Gallant Ispat?
At Rs 50, definitely Gallant Ispat was a fairly attractive kind of offering. My sense is that for a stock priced at almost Rs 79 today, definitely it is a very good listing and probably for some few days, the stock should move up. But afterwards there could be some profit booking. Typically, there could be some investors who would be definitely taking the profit off the table.
What is your take on some of these new listings like Gallant Ispat?
At Rs 50, definitely Gallant Ispat was a fairly attractive kind of offering. My sense is that for a stock priced at almost Rs 79 today, definitely it is a very good listing and probably for some few days, the stock should move up. But afterwards there could be some profit booking. Typically, there could be some investors who would be definitely taking the profit off the table.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
