Yatharth Hospital bucked the recent trend of strong listings by debuting at a mild premium of just 2% over the issue price on Monday.
The weak listing, which was well below expectations, was mainly due to the ongoing uncertainty in the markets. However, post the listing, the stock rallied to a high of Rs 342, up nearly 14% over the IPO price of Rs 300.
Analysts advised investors to book profits at this level, suggesting that those with a long-term view can hold the stock.
"Investors who are looking for short-term gains may book profits at this level. However, aggressive investors who believe in the long-term prospects of the company may hold the stock with a stop loss at around the issue price," said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.
Investors who are looking for short-term gains may book profits at this level. However, aggressive investors who believe in the long-term prospects of the company may hold the stock with a stop loss at around the issue price, she advised.
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