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“Among infra and capital goods companies betting on L&T, Thermax and NCC.”

Astha Jain, Senior Research Analyst, Hem Securities, suggested investors book profits and sell about 70-75 per cent of their holdings. "It is better to take some profits off the table after such listings and hold the remaining portion for a longer period," she added.

The stock quoted a 52-week high of Rs 152.6 and a 52-week low of Rs 87.3.

Balkrishna Industries Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 46002.73 Crore) operating in Tyres sector.

As of 30-Sep-2021, promoters held 0.0 per cent stake in the company, while FIIs held 41.47 per cent and domestic institutional investors had 30.77 per cent.

On the technical charts, the 200-day moving average of the stock stood at Rs 577.87.

Vishal Balabhadruni, BFSI Analyst, CapitalVia Global Research, said the issue seemed to be good for the short term or listing gains but long-term investors must be cautious.

In terms of the best debut on Dalal Street, Sigachi Industries fell behind the spectacular first innings of Tantia Constructions, which entered the secondary markets in April 2006.

A total of 137,357 shares changed hands on the counter till 01:00PM (IST).

Automotive Axles Ltd. key Products/Revenue Segments include Automobile Products & Accessories, Scrap & Others, Other Operating Revenue and Wind Power for the year ending 31-Mar-2021.