Manoj Vaibhav Gems share price lists at moderate premium. Buy, hold or exit?

livemint.com:

Stock market today: Shares of Manoj Vaibhav Gems N Jewellers Limited listed on BSE and NSE at moderate permium despite sentiments on Dalal Street. Manoj Vaibhav Gems share price today opened on BSE and ₹215 apiece levels and went on to hit intraday high of ₹221.90 apiece whereas on NSE, the scrip listed at ₹215 per share levels and soon hit intraday high of ₹222 apiece levels.

According to stock market experts, Manoj Vaibhav Gems has strong fundamentals and the company has shown ₹2,000 crore annual business volume out of which it is getting around ₹1,350 crore volume from its one retail outlet situated in Visakhapattaram. They said that people having short term view may exit whereas those who have medium to long term view may hold the stock and wait for the quarterly results.

If the company reports ₹550 crore to ₹600 crore quarterly volume along with 8 per cent EBIDTA, then then may hold the stock further. JSW Infrastructure share price extends gain after strong debut on Dalal Street.

Buy, sell or hold? Speaking on Manoj Vaibhav Gems share price outlook, Arun Kejriwal, Founder at Kejriwal Research and Investment Services said, "manoj Vaibhav Gems is a hyperlocal jewellery brand and it has reported ₹2,000 crore annual volume in FY23. It has also said that festive season doesn't matter for them, which means they would generate around ₹550 to ₹600 crore in Juloy to September 2023 quarter.

Those who applied for the public offer with medium to long term view are advised to hold the stock till Q2FY24 results of the company gets announced. If their quarterly volume is reported below ₹550 crore and their EBIDTA is below 8 per cent, then it should be taken as a matter of concern for company shareholders." "Exciting news! Mint is