Ashish Kacholia-backed Aeroflex Industries shares dip after strong debut. Buy, sell or hold?
₹166.50 per share while it made intraday low of ₹166.50 on NSE as well. According to stock market experts, this Ashish Kacholia-backed company has promising business outlook and hence, those who have this stock in portfolio should at least book profit per cent profit and hold the rest shares for medium to long term. For those who missed to get Aeroflex Industries shares through allotment process, they are advised to wait as the stock has listed at a whopping 83 per cent premium on BSE.
On outlook for Aeroflex Industries shares, Mahesh M. Ojha, AVP – Research and Business Development at Hensex Securities Pvt Limited said, “Aeroflex Industries caters to players in various industries, has a widely diversified customer base and operates with a wide range of products; the company has great growth potentials. We recommend investors to book at least 50 per cent profits on the listing day itself, rest can be kept on hold for medium to long horizon." Advising Aeroflex Industries shareholders to hold the scrip for medium to long term, Pravesh Gour, Senior Technical Analyst, Swastika Investmart said, “The company currently has no listed peers.
It has an export-oriented business model, and it generates around 80 per cent of its revenue from exports alone. Aeroflex's future strategies look promising. The company plans to expand its global and domestic businesses, and it is investing in new technologies to improve its products.
Read more on livemint.com
