Listing of Campus Activewear: Casual sportswear company Campus Activewear was listed on NSE for 360.00 rupees per share, up 23.29 percent from the offer price of 292.00 rupees.
The stock of sports shoemaker Campus Activewear made a strong debut and is trading today at a premium of over 23% of the issue price.
The Treasury bonds were listed on the National Securities Exchange (NSE) at ₹360.00 each, earning a gain of 23.29% from the suggested price of ₹292.00, and opened at ₹355 on the BSE, which is 21.58% higher than the Ask price rather than the offer price.
The share price rose to 373.70 rupees in the BSE and 372.60 rupees in the NSE during the first hour of opening.
As of 11:05 am, it is trading at 373.05 rupees on the BSE, up 27.76% from the issue price, and at 372.50 rupees on the NSE, up 27.57%. According to BSE, its market cap was ₹11,337.67 crore.
According to the relevant stock exchange, more than 3.16 million shares of Campus Activewear have been traded on the NSE so far, and approximately 17.2 million shares have been traded on the BSE, according to the relevant stock exchange.
Campus Activewear is a Delhi-based footwear company that introduced the Campus brand in 2005. We offer a wide range of products that the whole family can use.
The IPO met strong demand during the supply period from 26 April 2021 to 28 April 2021. On the last day, 51.75 were subscribed.
Santosh Mina, head of research at Swastika Investmart, said about the listing: “Campus Activewear Limited is India’s largest sports and outdoor footwear brand with competitive advantages such as integrated manufacturing facilities, strong brand recognition and solid distribution network. The company has a huge growth runway and has good long-term prospects. Those who applied for a listing profit can keep a stop loss of Rs 300. I would recommend this stock over the long term to both existing and new investors.”
Stock market experts say that Campus Activewear’s share price could rise even higher because the stock’s fundamentals are quite strong.
Regarding investors looking to buy the stock right now, GCL Securities’ Ravi Singhal said, “For those looking to make a fresh buy in the scenario, they can enter around ₹320 for the target. 3 months is 380-400 maintaining a strict stop loss at ₹290 per action level.”
Also read: Crisis In Sri Lanka 2022, Emergency Declared for the second time.
