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The Economic Times

Business

Debaroti Adhikary

Shiprocket shares soar 10% after bumper market debut, rally 48% from IPO price. Time to buy or sell?

Shiprocket shares continued to deliver bumper returns to investors, jumping 10% after listing at a 35% premium to the IPO price on Wednesday. Analysts advised investors who received allotments to book some profits, while fresh investors should wait for dips.

Shares opened at Rs 129.50 apiece on the NSE over the IPO price of Rs 97. Following the strong debut, the stock rallied to Rs 144, taking its gains from the issue price to more than 48%.

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