This recent D-Street debutant gains 87% in just 4 sessions since listing

This recently listed company from the water supply and management space- Enviro Infra Engineers has zoomed as much as 87 per cent since listing on November 29. This implies massive gains for the stock in just 4 trading sessions of trading on the bourses.

The stock's stellar gains also point to a boom and interest in the water management space as it drew a significant traction in the primary market itself.

During the IPO subscription, the company as against the current trend when companies across segment are not able to attract enough investor interest, attracted subscription to the tune of 89.9 times.

Zee Business Managing Editor tracking healthy subscription in the counter during the issue price expected the stock make a solid listing.

Further, he advised short term investors to keep a stop loss of Rs 185 per share to protect their profit and then continue to hold the scrip.

The stock's shareholding pattern as on November 27, 2024 on the BSE shows that it is owned by ace investor Mukul Agrawal who holds 18 lakh equity shares totalling to 1.03 per cent stake in the company.

Enviro Infra Engineers, an infrastructure company that operates, constructs, and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for the government.