Shares of Neelam Linens And Garments registered a jump of 5% on Monday and reached the level of ₹ 46.10. This stock was listed in the market only 5 days ago and has increased by more than 90% so far as compared to its issue price of ₹ 24.
Performance of Neelam Linens And Garments since listing:
Issue price: ₹ 24 per share.
Rise after listing: Reached ₹ 46.10 with a jump of 90%.
Last 5 days:
Since listing, the stock has seen a positive trend continuously.
Strong demand and buying has pushed the stock to higher levels.
Features of the company
High quality:
Neelam Linens products are made using premium fabric and modern technology.
Customer-centric approach:
The company designs products keeping in mind the requirements of its customers.
Commitment to the environment:
Neelam Linens follows eco-friendly practices and uses sustainable materials in its production.
Main scope of work of Neelam Linens And Garments company
Textile manufacturing:
The company specializes in manufacturing high-quality linen fabrics.
It produces a wide range of fashion products such as shirts, pants, curtains, and other garments.
Design & Development:
Neelam Linens creates innovative and attractive designs in line with fashion trends.
Export:
The company’s products are in demand not only in India but also in international markets.
Reasons for Neelam Linens And Garments growth:
Strong fundamentals of the company:
Neelam Linens & Garments focuses on garment manufacturing and exports, which brings stability to its business.
Good response to the issue:
The IPO received tremendous support from investors, which is now performing well in the stock market.
Investor confidence:
The interest in newly listed stocks in the market and confidence in the company’s growth prospects have led to a rise in the stocks.
What to do for Neelam Linens And Garments investors?
Profit booking opportunity:
Investors who had invested in the IPO can book profits at this level.
Long-term investment:
Given the company’s growth prospects and strong business model, holding the stock for the long-term can also be a good option.
Expert opinion:
Before investing, seek the advice of market analysts and analyze the current situation of the stock.
Conclusion:
Neelam Linens & Garments’s stellar performance is attracting investors after the IPO. A gain of 90% and frequent buying are keeping this stock in the news. However, keeping in mind the market volatility, investors should take decisions carefully.
