Vedanta Fashion’s stock has risen after the listing. Should you keep, sell or buy?

According to stock market experts, Vedanta Fashion shares listed at a premium despite poor subscription numbers. He added that the stock looks good for long term and the shareholders of Vedanta Fashion can hold the stock while maintaining the stop loss 890 level while those who want to buy the counter after listing can buy the counter approx. Keep depositing up to 900 per share level and above 866, Upper Price Band of Public Issue.

Speaking on Vedanta Fashion’s share price outlook; Ravi Singhal, Vice Chairman, GCL Securities said, “Vedanta Fashion shares are listed at a premium of around 8 per cent, which could be due to trend reversal in the secondary market. Russia Ukraine conflict, Stock looks strong for medium to long term and one can hold the stock with a target of 6-9 months maintain stop loss at 1240 866. Those applying for short term should book at the day’s high and exit.”

on how to maximize one’s short term profits; Santosh Meena, Head of Research, Swastika Investmart Ltd. said, “Vedanta Fashion shares started their secondary market on a positive note despite poor subscription figures. The company has a strong brand value with good fundamentals. However, the valuations remain the same. Therefore, investors should look at it from a long-term perspective, where a fall of 15-20% from current levels would be a good buying opportunity. Those who applied for listing gains, should be given stop losses. should keep. 890.”

advising positional investors to add Vedanta Fashion stocks to their portfolio; Ravi Singhal of GCL Securities said, “One can buy over the counter here 900 level holds the stop loss 866 each level. stock may go up 1020 in the next 3 months while it has the potential to go up 1240 in 6-9 months.”

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