RR Kabel Limited, a well-established wire and cable manufacturer with a strong brand and quality products, made its stock market debut today. It listed at ₹1,180 per share, 14 percent higher than its IPO price of ₹1,035, becoming the first IPO to list under the T+3 cycle. Despite the high valuation and the fact that most of the issue was an offer for sale, the IPO was well-received by investors, with a subscription of 18.69 times. The stock witnessed a decent listing today. Now our suggestion to investors is to exit the position after booking listing gain, however, those who want to hold it should maintain a stop loss at ₹1,065," advised Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.Read more:
