Astron Paper & Board Mill Ltd. Share Price

IPOs

Hyped at Listing, Where Are They Now? The Journey of India’s Most Oversubscribed IPOs!📊🎯 Latent View Analytics — ~ 326.49× Listing gain 197 to 488 (148% ) CMP - 412 Highway Infrastructure — ~ 316× Listing gain 70 to 115 ( 64%) CMP -80 Paras Defence & Space Technologies — ~ 304.26× oversubscribed Listing gain 175 to 475 ( 171%) CMP- 691 Vibhor Steel — ~ 304× oversubscribed Listing gain 151 to 425 (181%) CMP- 154 Salasar Techno Engineering — ~ 273.05× oversubscribed Listing gain 108 To 259 (131%) CMP- 9 Apollo Micro Systems — ~ 248.51× Listing gain 275 To 478 (74%) CMP - 330 Astron Paper & Board Mill — ~ 241.75× Listing gain 50 To 115 ( 130%) CMP-12 Indo Farm Equipment — ~ 229.68× Listing gain 215 To 256 ( 19%) CMP-236 Manba Finance — ~ 224.10× Listing gain 120 to 145 ( 21%) CMP- 137 
Denta water & infra Solution 221x Listing gain 294 TO 325 ( 12%) CMP- 452 KRN Heat Exchanger — ~ 214.42× Listing gain 220 TO 480 (118%) CMP- 830

Heranba Stock Shows Bullish Potential After Double Bottom Breakout

Heranba Industries Ltd has shown a strong bullish trend by forming a double bottom pattern and breaking out above the Rs 413.67 level. The stock found support at Rs 435, indicating strength. If the current momentum continues, it could reach its first target of Rs 548, with potential further upside to Rs 605 and Rs 672, given a sustained breakout. Technicals: -> Double Bottom Pattern: This is a bullish reversal pattern, and the breakout above Rs 413.67 confirms the potential for upward movement. -> Support and Resistance Levels: The stock has established key levels at Rs 435, Rs 548, Rs 605, and Rs 672, which traders should watch closely. Fundamentals: -> Product Portfolio: Heranba is a leading agrochemical company with a diverse range of insecticides, herbicides, and fungicides, including popular brands like ASTRON and HERACLAIM. -> Revenue Mix: The company has shifted focus from technicals (40%) to formulations (60%) as of 9MFY24, which has strengthened its domestic presence. -> Expansion: With ongoing capacity expansions and a strong pipeline of new products, Heranba is well-positioned for growth. I have attached the chart for your reference.