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The stock market witnessed a strong debut for Interarch Building Products, a company specializing in pre-engineered building solutions, with its shares listing at a significant premium of around 44%. The initial opening price on the Bombay Stock Exchange (BSE) was ₹1291.20 per share, while the National Stock Exchange (NSE) saw an opening price of ₹1,299 per share. This initial enthusiasm propelled the share price further, reaching an intraday high of ₹1,314.80 per share on the NSE and ₹1,316 per share on the BSE.
However, this bullish momentum was short-lived as the share price faced profit-booking pressure, failing to sustain its initial gains. The share price eventually touched an intraday low of ₹1203.20 per share on the BSE and ₹1203.65 apiece on the NSE. This volatility reflects the typical pattern seen with newly listed companies as investors adjust their positions based on initial market performance and future prospects.
Despite the initial dip, several stock market experts remain optimistic about Interarch Building Products' long-term potential. They highlighted the company's strong market position, diversified and loyal customer base, and proven track record of quality and efficiency as key factors supporting its future growth. These attributes position Interarch as a desirable portfolio stock, with experts recommending shareholders to hold the scrip for the medium to long term.
Akriti Mehrotra, Research Analyst at StoxBox, emphasized Interarch's robust market position, integrated operations, and diverse customer base, highlighting their ability to deliver cost-effective and timely project execution. This strategic advantage, according to Mehrotra, ensures the company's continued success in the PEB industry. Based on this analysis, StoxBox recommends holding the shares from a medium to long-term perspective.
Source: Interarch Building Products share price dips after listing at strong premium. Buy, sell or hold?