Juniper Hotels share price rises 10% after a flat debut: Should you Buy, Sell or Hold the stock?
Juniper Hotels share price that saw almost a flat debut on the bourses on Wednesday, nevertheless gained 10% post listing. On NSE, Juniper Hotels share price was listed at ₹365 per share, 1.39% higher than the issue price of ₹360. On BSE, Juniper Hotels share price today opened at ₹361.20 apiece, up 0.33% than the issue price.
Juniper Hotels share price post listing gained 10% and was trading at ₹RS 397.30 a piece. Investors already had been expecting a tepid listing as was reflected in the grey market premium that indicated no listing premiums or discounts. Also, analysts had been maintaining that issue price is fairly priced.
Nevertheless many analysts had maintained investing in Juniper Hotels IPO for long term gains looking at long-term earnings prospects. Also Read- Bharat Highways InvIT IPO opens today: Check GMP, subscription status, review, key dates, more. Apply or not? Anand Rathi Research had said that IPO was fairly priced and recommended a “Subscribe-Long term" rating to the IPO.
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