Amy Organics share price today It gained about 17 per cent in the morning trading session. The chemical stock, which was listed at a premium of about 49 percent in the Indian stock markets yesterday, opened today with a gap of above ₹15 and took his intraday high ₹1120 each – about 80 percent more than its public issue price ₹from 603 ₹610 per equity share. Therefore, those lucky bidders, who still hold shares of Amy Organics, have seen their IPO investment increase by almost 80 percent in just 15 days since Amy Organics IPO opened for subscription on 1st September 2021.
According to stock market experts, the current valuation of the stock is not conducive for fresh buying, but advised Amy Organics shareholders to keep the counter forward to maintain the trailing stop loss. ₹945. He advised the lucky bidders to book 50 per cent profit as the public issue has given more than 50 per cent return on their money. He asked the successful IPO bidders to book 50 per cent profit at current levels and re-enter approx. ₹from 850 ₹900 per equity share level.
Speaking on Amy Organics Share Price Target; Ravi Singhal, Vice Chairman, GCL Securities said, “The current valuation of the stock is not good for new buyers. They are advised to wait for profit-booking. However, Amy Organics shareholders are advised to They upgrade their trailing stops. ₹from 811 ₹945. The bidders who have got the shares of Amy Organics through allotment process are advised to book 50 per cent profit and re-enter ₹from 850 ₹900 level holds the stop loss ₹811 each.”
The bull run in the chemical counter is expected to continue beyond that; Santosh Meena, Head of Research, Swastika Investmart Ltd. said, “Amy Organics can perform well in the long run on the back of strong domestic and global opportunities, while the China+ strategy can deliver strong growth to specialty chemical companies in India. We Would recommend holding the stock from a long term perspective. He added that strong fundamentals and a positive outlook for the sector can keep investors invested in Amy Organics.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
Don’t miss a story! Stay connected and informed with Mint.
download
Our App Now!!
.