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The Economic Times
The Economic Times
Business
Surbhi Khanna

Manipal Health shares slide 6% on account of profit booking. What should investors do?

Manipal Health Manipal Health Enterprises IPO BSE SBI Securities

Shares of Manipal Health Enterprises, which made a strong stock market debut on Wednesday, fell nearly 6% to an intraday low of Rs 626 on Thursday, down from the previous close of Rs 666 on the BSE.

The stock had listed at Rs 655, a premium of nearly 11% over its issue price of Rs 590. The debut was well above grey market expectations, where the stock had indicated a listing gain of only around 1% ahead of its market debut.

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