• Uniparts India share price today opened at ₹575 per share on BSE and NSE.
Uniparts India shares made a muted debut on Dalal Street today and the Engineered Systems and Solutions company's stock declined further to hit a day's low of ₹539 on BSE. According to stock market experts, those who got Uniparts India shares through the allotment process can hold the stock by maintaining a stop loss at ₹535 for a short to medium term target of ₹660, while new buyers Can play safe and buy the stock above ₹580 levels. Long term target of ₹750 per share mark.
However, he said traders with higher risk appetite can take fresh positions in the scrip at current levels while maintaining a strict stop loss at ₹500 level for medium term target of ₹660 and long term target of ₹750.
Advising the lucky allottees to hold shares despite the muted listing, Santosh Meena, Head of Research, Swastika Investmart, said, "Uniparts India shares opened at ₹575 at their issue price of ₹577. But the issue has been raised by investors on both Good response was received. Institutional and retail side. The company's key business areas are agriculture, construction, forestry and after-market. The company has a dominant market presence, a global business model and long-term relationships with key customers. It has a healthy Anand also achieves financial position with sustained growth in revenue and profits and improving margins. As a risk factor, the issue is an outright offer for sale. Though the issue is attractively priced at a P/E valuation of 15.61, Which is lower than its listed. Therefore, allottees applying for the Public Offer for the listed premium are advised to maintain stop loss on the stock at ₹535."
On Uniparts shareholder immediate target, Ravi Singhal, CEO, GCL Securities said, “There is nothing wrong with Uniparts India shares. The muted listing of Uniparts IPO can be attributed to two basic reasons – full OFS and a weak one on Dalal Street Sentiments. Due to the 100 per cent OFS, large investors are expected to be in a wait-and-watch position after the listing and may take time to enter the stock. Hence, the stock is expected to remain volatile for a few more sessions. is expected and hence allottees are advised to hold the stock for short to medium term target of ₹660 per level."
For those who want to buy Uniparts India shares, Ravi Singhal of GCL Securities said, “Investors with high risk aversion can buy Uniparts India shares at current levels for medium term target of ₹660, ₹500 levels But can maintain stop loss as the stock may become overpriced. Bullish after sustaining above its issue price. However, to play safe, should buy the stock above ₹580 per share level, long term at ₹750 per share For the target, stop loss should be maintained at ₹525 per level.
Highlighting the fundamentals that will support Uniparts India share price in the coming sessions, Manoj Dalmia, Founder and Director, Praveen Equities said, “Uniparts India Ltd. is a manufacturer of engineered systems and solutions. With presence in more than 25 countries, In addition, the company is one of the top suppliers of systems and parts to the off-highway industry in the agriculture, construction, forestry and mining ("CFM") and aftermarket sectors. Balkrishna Industries, Bharat Forge and Ramakrishna Forgings have been recognized by UIL as their peers. Its P/E ratios are 27, 49, 37, and 14, 55. UIL has made a mark in the market it operates in. Investors should rate it as Moderate based on its most recent financial performance. You can consider hoarding funds for long term gains."
Uniparts India shares are listed on BSE and NSE today. The stock of Engineered Systems and Solutions Company had a muted debut as it opened at ₹575 per share on BSE, down ₹2 from the upper price band of ₹577.
There was strong demand for the Uniparts India IPO, which opened from 30 November to 2 December and was oversubscribed during three days of bidding.
No comments:
Post a Comment