Uma Exports lists at a premium of over 10%. Should you keep, sell or buy?

according to this Share Market specialist, Uma Exports Share We have made a positive start by paying premium of up to 20% to our allottees. Hence, those to whom the stock was allotted during the share allotment should book a profit and exit as the stock is listed in the ‘T’ category, where a sharp decline may be seen after the profit-booking trigger . He also said that taking fresh positions in the stock at current levels should be avoided.

Advice to investors to book profits in Uma Exports shares; Avinash Gorakshakar, Head of Research, Profitmart Securities said, “The stock is trading around 84 level on BSE, which means around 20 per cent premium is available for lucky allottees. Hence, one should book profits in the stock as very little margin was available to the investors.”

Why should book profit in stock and avoid taking new position in the counter; Aastha Jain, Senior Research Analyst, Hem Securities said, “The stock is listed in the ‘T’ category and once the profit-booking starts, there may be a sharp decline. Hence, my advice to the allottees is to book profits. Immediately and those who missed out on getting the shares of Uma Exports during the allotment should refrain from taking any fresh positions in the counter.”

Ravi Singh, VP and Head of Research, Share India said, “Given its high debt and low margin profile in its books, we advise investors to avoid Uma Exports shares at current levels. Recommended exit as valuation. The company does not provide much value to the investors.”

The shares of Uma Exports are listed in Category ‘T’ and will be transferred from Trade for Trade Segment (T Group) to Rolling Segment with effect from Monday, April 25, 2022.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.