Stallion Share listing price reached here, know how to grow profit in it

Stallion India Fluorochemicals share Listing: There was a strong listing of the shares of Stallion India Fluorochemicals in the stock market today. As against the issue price of Rs 90, this share was listed on NSE at ₹ 120, which shows an increase of more than 33.33% from the IPO. Amidst the huge volatility in the market, the question in the minds of investors is whether the share should be sold and profit booked after the strong listing, or it should be kept in the portfolio.

In this regard, market analysts are suggesting profit booking. According to a media report, Shivani Nyati, Wealth Head at Swastik Investmart, said that the company has a strong identity in its sector, and has a track record of good financial performance. Niyati suggested that those who have received shares of the company in the IPO can book partial profits and hold for further with a stop loss of ₹ 105.

Book profits or sell

Prashant Tapase, Senior Vice President of Research at Mehta Equities, said that despite high market volatility, Stallion India received a good response from investors of all categories. He suggested that investors should book profits based on strong listing performance.

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Business of the company

This company does the business of selling refrigerant gas, industrial gas and related products. Its primary business includes debulking, blending and processed products of refrigerants and industrial gases. The company will use the funds raised from the new issue to meet working capital requirements.