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The Economic Times
The Economic Times
Sakshi Kumari

Shiprocket shares jump 6% as Goldman Sachs acquires Rs 53 crore stake. Time to buy or book profits?

Shiprocket shares extended their gains for the second straight session on Thursday, rising nearly 6% in early trade after a blockbuster debut a day earlier. The stock’s strong momentum continued amid robust institutional interest, including a Rs 52.7 crore purchase by Goldman Sachs on the listing day.

On the BSE, the stock opened at Rs 149.31, up from its previous close of Rs 143.50, and climbed further to an intraday high of Rs 155.89, marking a 5.71% gain in morning trade. At this level, Shiprocket was nearly 61% above its IPO issue price of Rs 97 and within reach of its upper price band of Rs 172.20.

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