CMS Info Systems makes tepid debut. Should you hold or accumulate?
CMS Info Systems share price may come down in next two to three trade sessions as profit-booking is expected to trigger any time
CMS Info Systems shares made tepid debut at Indian stock market today. The public issue of the cash management company opened at ₹220 on NSE, near 2 per cent higher from its upper price band of ₹216 per equity share. However, soon after the listing, CMS Info Systems share price appreciated to the tune of ₹250 per share levels helping allottees to maximise their listing gain. According to experts, profit-booking may trigger anytime in the scrip, so, one should book profit at current levels and look for other better option in the market. However, they said that those who are determined to take fresh position in the counter can buy in ₹200 to ₹215 range for ₹275 to ₹300 per share target in next 3 to 6 months.
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