Medanta Share Price: After a good listing on Wednesday, Global Health share price has been in an upward trend since the first day of listing. Medanta share price opened with gains today and climbed to new highs 455.70 on the NSE, within minutes of the stock market opening, registering a rise of nearly 10 per cent in the intraday trade session on Thursday.
on Wednesday, Medanta shares listed Made a good opening on BSE and NSE and later it went up 400 each level, providing a premium of over 20 per cent over the upper price band to the lucky allottees. 336 each. Global Health Share Continues to Climb and Stay Up 400 each level. closed at 415.30 level on its listing date on NSE. Hence, in just two trading days, the stock of Medanta Hospitals Operator Company has given more than 35 per cent returns to the lucky allottees.
Although, Share Market Experts are still bullish on Medanta shares and have advised investors to hold the stock for the long term. He said the stock could go up 515 each in the next one year. For allottees who had applied for IPO for listing gains, he advised such allottees to upgrade their trailing stop loss. 410 each level, 5 below its closing price on Wednesday.
Speaking on Medanta share price outlook, Anuj Gupta, Vice President – Research, IIFL Securities said, “Medanta share price may go up. 480 each level in near term and hence allottees who had applied for IPO for premium listing can upgrade their trailing stop loss to below Keep the stock on the upside for 5 more short term from its close on Wednesday.”
For those who missed out on Medanta shares during the share allotment, Ravi Singhal, CEO, GCL Securities said, “Medanta shares are expected to give strong returns in the long term and hence picked as a portfolio stock now Should go. But, there is new entry. Not advised at current prices. One should wait for profit booking and enter Keep depositing till you trade 400 each level and above 350 level. Long term investors can buy in the stock from 370 Keeping strict stop loss below 400 range 350. The stock is expected to go up 515 in the next one year.”
The IPO of Global Health Limited, the operator of Medanta Hospitals, was launched earlier this month at a price band of Rs. since 319 336 per equity share and was subscribed 9.58 times in three days of subscription. QIB investors responded overwhelmingly to the IPO as it was subscribed 28.64 times in the QIB segment.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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