Latest news with #RaghunathCapital
Mint
01-08-2025
- Business
- Mint
Shanti Gold share price extends gains after decent listing. Should you buy, hold or sell?
Shanti Gold share price extended gains after making a decent debut in the Indian stock market on Friday. Shanti Gold IPO listing date was today, 1 August 2025, and the equity shares of the company are listed on BSE and NSE. Shanti Gold International shares were listed at ₹ 229.10 apiece on the BSE, a premium of 15.12% to the issue price of ₹ 199 per share. The stock gained further momentum after listing and jumped over 4% to hit a high of ₹ 238.40 per share. On NSE, Shanti Gold shares were listed with a 14.35% premium at ₹ 227.55 apiece. It rallied 4.75% from its listing price to touch a high of ₹ 238.36 apiece. The initial public offering (IPO) of the gold jewellery manufacturer Shanti Gold International saw strong demand and was subscribed 81.17 times in total. With a decent listing, Shanti Gold IPO investors are witnessing profit of around 19%. Shanti Gold International share listing was in line with the Street estimates. Shanti Gold IPO GMP today, or grey market premium today, ahead of the listing indicated share debut with around 17%-18% premium. Here's what investors should do after a strong listing of Shanti Gold International shares. Shanti Gold IPO listing was broadly in line with market expectations, with a 14–15% premium over its issue price. 'Shanti Gold listing reflects the strength of its fundamentals, yet tempered by near-term valuation constraints. The company has delivered robust top-line growth and expanding margins over FY24–25, which are encouraging signs of execution strength in an otherwise fragmented and price-sensitive jewellery industry,' said Sourav Choudhary, Managing Director – Raghunath Capital. From a medium- to long-term perspective, he views Shanti Gold as a structurally attractive player given its full in-house manufacturing, modern CAD-driven design capability, and its strong positioning in the B2B export segment. However, he remains mindful of key risks, particularly its single-location dependency in Mumbai, gold price volatility, and stretched IPO valuations at ~25.7x FY25 earnings. 'As institutional investors, our positioning would be calibrated: we'd prefer accumulating at or below IPO levels if broader markets correct. The planned Jaipur expansion and formalisation of India's gold trade could offer structural tailwinds in the coming 2–3 years. In summary, Shanti Gold is a fundamentally solid company in a cyclical sector. Long-term investors with moderate risk appetite may consider staggered exposure post-listing volatility. Tactical traders may already have seen most of the listing gains priced in,' Choudhary said. Shanti Gold IPO opened on July 25 and closed on July 29. The IPO allotment was finalised on July 30, and the Shanti Gold IPO listing date is today, 1 August 2025. Shanti Gold International shares were listed on both the stock exchanges - BSE and NSE. At 1:40 PM, Shanti Gold share price was trading at ₹ 230.80 apiece, higher by 15.98% than its issue price, and up by 0.74% from its listing price 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
30-07-2025
- Business
- Mint
Indiqube Spaces share price slips further 7% after weak listing. Should you buy, sell or hold?
Indiqube Spaces made a weak debut on Dalal Street today, July 30, as the stock listed at a 9% discount at ₹216 apiece on the NSE, compared to the issue price of ₹237. On the BSE, it opened 7.7% lower at ₹218. Following the poor listing, the stock slipped further to ₹201.60, down 6.7% from its listing price and 15% below the IPO price. At 12:30 p.m., the stock was trading at ₹211.09 apiece. Analysts said the weak listing was due to the issue being fully priced, leaving little incentive for investors to participate, even though the company's long-term prospects appear optimistic. Sourav Choudhary, Managing Director, Raghunath Capital, said the muted debut of Indiqube Spaces, which listed nearly 8–9% below its issue price, reflects market skepticism around valuation and the absence of near-term profitability. According to Choudhary, for short-term investors, the lack of listing gains and subdued grey market sentiment offer little incentive to enter at current levels, and any upside in the near term is likely to be speculative rather than fundamentally driven. Choudhary added that from a long-term investment perspective, Indiqube's business model remains relevant in a post-COVID world where flexible, managed workspaces are gaining traction. He highlighted that the company's strong EBITDA margins and focused enterprise clientele offer scalability potential, particularly if it can diversify beyond its heavy Bengaluru concentration. Choudhary suggested that investors with a 3–5-year horizon and a higher risk appetite may consider staggered exposure, preferably on price corrections, as the company works toward profitability. "We are maintaining a 'Neutral to Selective Long-Term Accumulate' stance on Indiqube Spaces, with a close watch on its quarterly performance, cost structure, and expansion strategy beyond southern markets," said Sourav. About Indiqube Spaces Indiqube Spaces is a managed workplace solutions company offering comprehensive, sustainable, and technology-driven workplace solutions dedicated to transforming the traditional office experience. Its diverse solutions range from providing large corporate offices (hubs—i.e., the main office of their clients where key functions, leadership teams, and primary operations are based, typically located in a central or strategic area) to small branch offices. The company focuses on transforming the workplace experience of employees by combining interiors, amenities, and a host of value-added services that go beyond standard workspace leasing. These services include amenities, green initiatives, designed interiors, and B2B and B2C solutions ranging from facility management, sale of goods, asset maintenance, and plantation to catering and transportation services for employees of their clients, as well as technology applications. These offerings are provided through contracts with clients occupying spaces within their centers or with third-party clients ('VAS'). Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
18-06-2025
- Business
- Mint
Israel-Iran war: Has Indian stock market discounted Middle East tension or Nifty 50 hitting 24,000 still possible?
Israel-Iran war: Indian benchmark indices - Sensex and Nifty 50 - bounced back from early losses to trade in positive territory on Wednesday, driven by financial and auto stocks, despite cautious global sentiment due to escalating tensions in the Middle East and elevated crude oil prices. Around 9:43 am, the BSE Sensex climbed 264 points, or 0.33%, to reach 81,854, while the Nifty50 advanced 81 points, or 0.32%, to 24,932. The Sensex saw a strong recovery, surging 550 points from its intraday low of 81,304. According to market experts, the Indian market appears to have largely discounted the Israel-Iran tensions, with Monday's positive close reflecting investor focus shifting back to domestic fundamentals. ' While oil and geopolitical risks remain on the radar, the Nifty's resilience amid global unease suggests the conflict is being viewed as a short-term event rather than a structural threat and investors are focusing on Long term story of the Indian economy which remains intact and every dip is viewed as a buying opportunity,' said Sourav Choudhary, MD, Raghunath Capital. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
