Shivani Nyati, Head of Wealth at Swastika Investmart, commented that JNK India Limited, a manufacturer of process heating equipment, exceeded even the most optimistic expectations with its remarkable debut on the stock exchanges. The company's share price surged by around 50% above its issue price of ₹415, listing at ₹621 per share. This exceeded the anticipated 30% premium suggested by the grey market, highlighting strong investor confidence in JNK India's future potential. Nyati suggested that, while some volatility could follow the initial surge, the company's solid fundamentals and positive outlook pointed to long-term potential. She advised existing investors to hold their shares with a stop loss of ₹560 and to closely monitor the company's performance.
JNK India share price jumps over 14% after listing at 50% premium. Should you buy, sell or hold? - MintJNK India stock makes strong debut, lists at 50% premium over issue price - Business StandardJNK India jumps 67% on Day 1 of listing - The Hindu Business LineJNK India shares rally 72% on day 1; time to book profit or it is long-term play? - Business TodayJNK India makes bumper market debut, lists at 50% premium over IPO price - CNBC TV 18JNK India share lists at 50% over IPO price, surges upto 62% post debut - Fortune IndiaJNK India shares list at 50% premium. Should you hold or sell? - India TodayJNK India makes bumper D-Street debut with 50% premium over issue price - India TodayJNK India के शेयरों की 50% प्रीमियम पर हुई शुरुआत, जानिए क्या कहते हैं एनालिस्ट - The Economic Times (Hindi)
