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The Economic Times
The Economic Times
Debaroti Adhikary

Milky Mist shares hit 10% upper circuit after market debut, rally 30% from IPO price. Should you buy, sell or hold?

Shares of Milky Mist Dairy Food jumped another 10 per cent after making a decent market debut, listing with nearly an 18 per cent premium over the IPO price on Tuesday, though analysts advised caution despite a positive view.

Milky Mist shares listed at Rs 165 apiece on NSE, marking a premium of nearly 18 per cent over the IPO price of Rs 140 apiece. After listing, the shares of the company surged 10 per cent to hit the upper circuit at Rs 181.50 apiece on NSE, implying a rise of nearly 30 per cent from the IPO price.

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