Nureca IPO Listing Today: Nureca Limited listing was a bumper one on Thursday. At 10:02 am, Nureca share price had soared to Rs 645.75, up by 61 per cent or Rs 245 from the issue price. The stock was listed at Rs 615 on the NSE. Zee Managing Editor Anil Singhvi had earlier recommended that investors buy into Nureca IPO for small listing gains. The issue price was Rs 400. Here the Market Guru had revealed what the investors should expect from the listing.
The Managing Editor had recommended investment in this stock for small listing gains. Nureca IPO was also recommended for long term investment. Nureca IPO has been subscribed 39.93 times.
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Singhvi had said that he expected the listing in Nureca stock at Rs 550. He said that there could be small deviations of Rs 15-20 upwards or downwards from this level.
Nureca Stock Trading Strategy
The strategy in Nureca stock is simple, Singhvi said. He said that investors put the stop-loss at Rs 500. This will ensure that at least Rs 100 is earned per share as listing gains. This will give 20 per cent listing gains to the investors, he opined. If the listing is above 20 per cent of the issue price then it will be seen as a good listing, he further said.
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He said that there could be some fresh buying even after the listing as the operations of the company are new-age.
Nureca is into the business of healthcare and wellness. The Production Linked Incentive (PLI) scheme announced on Wednesday for medical equipment manufacturing may help it even though it is not into manufacturing.