Bharat Coking Coal Shares Slide 9% After 96% Listing Gains; Experts Advise Profit Booking

• Bharat Coking Coal Ltd (BCCL) shares saw profit booking, falling over 9% intraday after a stellar 96% listing gain.
• The stock debuted at Rs 45.21 on BSE and Rs 45 on NSE, significantly above its issue price of Rs 23.
• Shivani Nyati of Swastika Investmart attributed the strong debut to BCCL's fundamentals, strategic importance in India's coal supply, and positive sector outlook.
• Experts recommend traders and short-term investors consider booking profits, while long-term investors can hold with a stop-loss of Rs 35.
• BCCL's IPO was oversubscribed 146.81 times, reflecting strong investor interest in the company, which is the first mainboard issue of 2026.

Why It Matters: BCCL shares experienced profit booking post-listing despite a strong debut, with experts advising caution and profit-taking.