Vishal Mega Mart share price jumps 7% after bumper listing. Should you buy, sell or hold?
Live MintStock Market Today: Vishal Mega Mart share price made a strong debut on the stock market on Wednesday, December 18, listing at ₹104 per share on the NSE, marking a 33.33% premium over the issue price of ₹78. While some have expressed caution regarding further gains, as the company will not directly benefit from this IPO, given its offer-for-sale nature, others are optimistic about Vishal Mega Mart's growth trajectory and cost-effective initiatives. Shivani Nyati, Head of Wealth at Swastika, stated that Vishal Mega Mart's IPO made a strong debut on the stock market. With strong growth prospects and ongoing cost-efficiency initiatives, Vishal Mega Mart presents an attractive investment opportunity, according to Akriti Mehrotra, Research Analyst, StoxBox.