Clean Science and Technology share price surges 9.5% in second trading session – What investors should know

A day after profit booking on listing gains yesterday, the shares of Clean Science and Technology surged 9.5 per cent to Rs 1736 per share on the BSE intraday trade on Tuesday. The stock had bumper listing on Monday surged over 90 per cent, hitting a life high of Rs 1784 apiece on the BSE.

At around 12:05 pm, the stock was trading near 8 per cent to Rs 1707 per share on the BSE, as compared to 0.9 per cent decline in the S&P BSE Sensex. The counter declined by over 11 per cent to Rs 1585 per share at close on Monday.

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The initial public offer for Clean Science was launched on July 7 and closed on July 9, 2021. It was oversubscribed by over 93 times in three days. The issue size of Clean Science was around Rs 1546 crore with a price range of Rs 880-900 per share.

The Pune-based Clean Science and Technology manufactures functionally critical speciality chemicals such as performance chemicals, pharmaceutical intermediates, and FMCG chemicals.

Zee Business Managing Editor Anil Singhvi since its IPO launch has been bullish on the stock as the speciality chemical sector is buzzing and suggests investors to invest in this stock and forget about it for at least a year for bumper returns.

The scrip today has touched a day’s high level of Rs 1736.05 per share and day’s low level of Rs 1577 per share. The company’s market capitalisation has breached the 18000 crore-mark today.