CMR Green Technologies Listing Gain: Book Profits Now Or Wait For A Stronger Base Formation?

CMR Green Technologies made a strong stock market debut, listing at a significant premium over its IPO price. But should investors hold on for further gains or book profits after the listing pop? In this discussion, Anshul Jain, Head of Research, Lakshmishree Investments, shares his technical view on the newly listed stock. He highlights the bearish first 15-minute candle and explains why newly listed IPOs often require 8 to 10 weeks, and sometimes up to three months, to build a stable trading base before delivering meaningful upside. Drawing comparisons with recent IPOs that struggled before base formation, he suggests a disciplined approach toward profit booking and waiting for a stronger setup before considering fresh investments.