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Mint
2 days ago
- Business
- Mint
Scoda Tubes share price hits 5% upper circuit after flat listing. Should you, buy, hold or sell?
Scoda Tubes share price was locked in at 5% upper circuit on Wednesday after the stock made a flat debut in the Indian stock market. Scoda Tubes shares jumped 5% from its listing price to a high of ₹ 146.95 apiece on the BSE. Scoda Tubes shares made a flat debut on Dalal Street as the stainless-steel tubes and pipes manufacturer's stock was listed at ₹ 140 per share, which is equal to its issue price of ₹ 140 per share. The stock declined after the listing and fell to an intraday low of ₹ 136.00 apiece on the BSE. However, buying momentum in Scoda Tubes shares intensified, and the stock jumped as much as 4.96% from its listing price to freeze at upper circuit of ₹ 146.95 apiece. Scoda Tubes IPO listing date was today, 4 June 2025. Amid high volatility here's what analysts suggest for Scoda Tubes shares after listing: Commenting on the listing performance, Arun Kejriwal, Founder of Kejriwal Research and Investment Services, said, 'This was an unusual listing. Despite strong oversubscription, the shares listed flat and then fell before hitting the upper circuit. This indicates poor screen management and serves as a reminder to investors who rely heavily on grey market premiums (GMPs). The GMP can often be misleading, and in this case, the euphoria around the IPO quickly faded.' Since the IPO proceeds are earmarked for capital expenditure, which will take at least 12 months to show results, investors should consider exiting and booking whatever profits are available in the short term, Kejriwal added. Scoda Tubes is currently valued at a price-to-earnings (P/E) ratio of 30.43x and a price-to-book (P/B) ratio of 8.76x based on FY24 financials—broadly in line with industry peers. Mahesh M Ojha, AVP – Research and Business Development at Hensex Securities Pvt Ltd, suggests a more patient approach. 'Investors who were allotted shares during the IPO may consider holding Scoda Tubes for the medium to long term,' he said. At 1:20 PM, Scoda Tubes share price was still locked at 5% upper circuit of ₹ 146.95 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
3 days ago
- Business
- Mint
Prostarm Info Systems share price trades flat after decent stock market debut. Should you buy, hold or sell?
Prostarm Info Systems share price made a decent debut in the Indian stock market today as the stock was listed with a premium. On BSE, Prostarm Info Systems share price began trading at ₹ 125 per share, a 19.05% premium to the issue price of ₹ 105. On NSE, Prostarm Info Systems share price was listed with a 14.29% premium at ₹ 120 apiece. The initial public offering (IPO) of power solution products maker Prostarm Info Systems was launched on May 2, Prostarm Info Systems IPO listing date was today, June 3. Prostarm Info Systems IPO listing was better than the Street estimates as the Prostarm Info Systems IPO GMP or grey market premium ahead of debut was around 11%. As Prostarm Info Systems shares have now been listed, here's a look at what analysts suggest. According to Arun Kejriwal, founder of Kejriwal Research and Investment Services, Prostarm Info Systems has delivered a stronger performance than what was indicated by the grey market ahead of its listing. 'Prostarm Info Systems' IPO objectives were not short-term in nature, but focused on medium- to long-term growth. Accordingly, the benefits from this issue will also unfold over the medium to long term,' said Kejriwal. He noted that as the company begins to declare its financial results, investors will have the opportunity to evaluate its performance and potentially reinvest. 'At this point, there is no need for investors to buy the stock at a 20% premium to the issue price. It would be wiser to wait for better opportunities,' he added. For those who have already bought the shares, Kejriwal suggested booking profits and waiting for the stock to consolidate. 'This IPO witnessed strong subscription, and part of the listing gains can be attributed to the euphoria generated during the subscription phase,' he said. Prostarm Info Systems Well-Positioned for Long-Term Growth: Avinash Gorakshakar Commenting on the prospects of Prostarm Info Systems, Avinash Gorakshakar, Head of Research at Profitmart Securities, said the company is well-placed for long-term success. 'Prostarm is a promising player in the power solutions space, catering to several key sectors including defence, aerospace, power, railways, and BFSI. The company has a strong promoter profile with the right skill sets to scale up operations effectively. Overall, it is well-positioned to perform strongly over the long term,' he said. Read Prostarm Info Systems Share Price Live Updates here Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
