According to information on the BSE's official website, the equity shares of Electronics Mart India Limited will be listed and allowed to trade on the exchange as part of the list of securities in the "B" group as of Monday, October 17, 2022. After the first offering was subscribed 72 times over, Electronics Mart India, one of the country's fastest-growing consumer durables and electronics retailers, is anticipated to receive a strong double-digit listing premium.
According to analysts, short-term investors can look to partially book profits in Electronics Mart after the stock's listing price increased by 53%. Investors who missed out on Electronics Mart stock during the allotment process but still want to buy the stock should search for an entry in the Rs 75–80 range, they believe. According to experts, current investors with a healthy risk appetite can hold onto the stock for two to three years.
According to Aastha Jain of Hem Securities, she anticipated the IPO to list at a premium of about 45%, however the scrip launched at Rs 90 on NSE, a premium of 53%. Jain has set a target price of Rs 99 for the stock, although she believes that at Rs 89–90, 50% of shares may be sold for a profit. She does so while believing that the retailer of consumer durables has long-term promise.
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