Quote on Vijay Diagnostic IPO expected listing by Mr. Yash Gupta, Angel Broking Ltd
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Below is quote on Vijay Diagnostic IPO expected listing by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd
believe that all the short term positive has been priced in the IPO price i.e ₹531. If we look at the current Grey Market Premium, as per market news GMP is at ₹5 i.e 1% at the upper price band of the IPO. We suggest retail investors who got the allotment to sell the stock at a price range of ₹540-₹560 and the investors who haven't received the allotment should not buy the stock at listing.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
