please guide whether to invest in this stock or not as i am new here, after doing survey i found that even though some stock is suggested to avoid but they have perform well in market , please advise me
As Dilip sir says, issue price is on higher side as per earnings. Technically Issue is not good. But these days every issue is subscribed heavily. Based on demand they list higher then the issue price. You can try your luck for listing gains. But you should be ready to hold for long term also if listing is in negative in case