Bharat Coking Coal Shares Debut with 96% Premium, Settle 10% Lower

• Bharat Coking Coal shares listed at a premium of over 95% on debut day.
• The stock settled 10% lower at Rs 40.28 per share after its initial listing.
• The Rs 1,071-crore IPO was subscribed 147 times, with a price band of Rs 21-23 per share.
• Analysts advise investors to book partial profits and caution against chasing the stock due to volatility.
• BCCL's listing is part of the government's divestment push in the coal sector.

Why It Matters: Bharat Coking Coal shares saw a strong debut premium but closed 10% lower, prompting profit-booking advice.