Quality Power stock tanks 8% after muted listing. Should you buy, sell or hold?
3 weeks, 6 days ago

Quality Power stock tanks 8% after muted listing. Should you buy, sell or hold?

Live Mint  

Quality Power Electrical Equipments' share price had a lackluster debut on Dalal Street today, February 24, as the scrip listed at a premium of 1.17% at ₹430 apiece on the NSE, compared to the issue price of ₹425. Following the stock's weak entry, Prashanth Tapse, Senior VP, Mehta Equities Ltd, advised investors to hold the stock, citing the company's strong position in the power infrastructure sector. "Post-listing, we continue to believe that Quality Power Electrical Equipments Ltd presents a long-term investment opportunity in the rapidly growing energy transition and power infrastructure sector. Hence, we recommend that allotted investors ‘HOLD’ the Quality Power Electrical Equipments Ltd IPO for the long term, despite potential short-term volatility post-listing," said Prashanth Tapse. About the Company Quality Power is an Indian company serving global clients in critical energy transition equipment and power technologies.

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