We had recommended to apply in Sharda Cropchem IPO at a price of Rs. 156. We further tried to clear the doubts raised by many on Sharda Cropchem story in a report titled, "Sharda Cropchem: Case for higher valuation than UPL!"

Sharda Cropchem listed today at Rs. 230, giving a near 50% on the recommendation price of Rs. 156. At this stage, we recommend long term investors to stay invested in the stock. New investors can also BUY the stock in the price range of Rs. 200 to Rs. 235 for the first target of Rs. 300 as discussed in our first report.

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