Catholic and Syrian Bank had a good listing in the markets on Wednesday but that was expected after the smart oversubscription that the IPO had received. Against the issue price of Rs.195, the stock listed at a premium at Rs.275 and held on to the premium through the day. CSB closed at the day at Rs.300, which is a 54% premium to the issue price.

In terms of your investment strategy, the stock still looks good considering that it was reasonably priced in the IPO and that leaves room for upside. But you should ideally adopt a phased approach and use dips to buy more into the stock.