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Gandhar Oil's shares were listed at Rs 298 on the NSE as against the issue price of Rs 169, giving a listing gain of 75%. The white oil manufacturer's stock closed at Rs 301.5 a piece.Shivani Nyati health of Wealth,Swastika Investmart said that the company's strong fundamentals, robust de- mand for the IPO, and strong listing price suggest that it is well-positioned for growth in the future. "However investors may consider to book profit in it once," she added.
