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When can I sell IPO shares India? You can sell your allotted IPO shares in India on listing day without any issues. However, if you wish you can hold them as much as you want and sell them on any business day on which the stock market is open.
No, you can sell the shares only after the IPO gets listed on the exchanges.
Should I hold SBI Card share?
SBI Cards is a long term share entered that zone around 600/650 during June 2020 and cruised to touch a high of 900 plus during October 2020. Since then it went to a short term correction and waiting to clear 850 to move higher. Long term holders of the stock should continue to hold.
Can we do intraday on IPO listing date?
You can do Intraday after the listing date of company shares. After the listing date, the company shares comes to your portfolio if you are allotted the shares.
Investment Rationale The brokerage believes SBIC has strong moats to support robust long-term growth and aid gains in market share moving forward. It maintains BUY recommendation on the stock with a revised target price of Rs 1,240/share (45x FY23E EPS), implying an upside of 10\% from CMP.
Is SBI card a midcap?
With a market-capitalisation (m-cap) of Rs 1.02 trillion, State Bank of India-arm SBI Cards and Payment Services on Friday stood at 34th position in the overall m-cap ranking, BSE data showed. The firm’s m-cap is now more than that of Tata Motors, Shree Cement, and JSW Steel.
Should I sell on listing day?
To see it factually, the year-to-year end prediction of the price of an IPO share is too difficult a task as there are too many factors that can affect the price of a share during a long-term period. Hence, considering selling on a listing day can minimize losses, at the least.