Anil Singhvi Managing Editor of Zee Business says listing of Mazagon Dock today was much above the issue price but didnt open as strong as it was expected. Some buying is happening in this counter but that was also not as strong as expected. The Market Guru said this is the first time in IPO history, on the listing day the channel is doing Bulls vs Bears case for a newly listed company. The reason for doing this analysis today is to help those participants understand who have got allotment about what they should do from here – hold or exit. It is also about telling those investors who didnt get the allotment, whether they should invest at current market price.
Mazagon Dock is the only PSU shipyard company that makes conventional submarines and destroyers for Indian Navy. Order book of the company