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IPO Base Breakout- A IPO Base formed & May Breakout Soon

#NSE0051– A new IPO Base Breakout is Ready.

The shares got listed on BSE, NSE on December 27, 2023 issue at 850.

  • Qualified Institutional Buyers (QIBs): 214.65 times
  • Non-Institutional Investors (NIIs): 63.45 times
  • Retail Individual Investors: 15.40 times

The 52-week high of ₹1,087.40 on December 27, 2023, indicates the highest price the shares reached during that period, while the 52-week low of ₹813.20 on March 18, 2024, shows the lowest price.

At technical point of view ₹1030 is the major resistance and the opening price range of the IPO that break today and QIB subscription is 214 times that shows a big really is pending on chart.

A seasoned player in the manufacturing sector, having been incorporated in July 1979. Their specialization in designing and manufacturing heavy forgings and high-precision machined components suggests they cater to industries requiring durable and precisely engineered parts, such as automotive, aerospace, oil and gas, and heavy machinery.

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