Platinum Industries share price lists at 31% premium. Buy, hold or sell?
Stock market today: Platinum Industries share price today listed on BSE and NSE at a robust 31 percent listing premium. After a strong debut on Dalal Street, Platinum Industries shares extended its gains and went on to touch an intraday high of ₹236.25 apiece on NSE and ₹237 per share on BSE. However, the newly listed stock couldn't sustained at higher levels after the profit-booking trigger.
On profit-taking, Platinum Industries share price nosedived to the tune of 7.5 percent from the intraday high. According to stock market experts, Platinum Industries share price listing was below expectations due to subdued stock market mood. They said that the stock may continue to feel the selling heat and advised share allottees to book profit and exit.
Speaking on Platinum Industries share price outlook, Prashant Thapse, AVP — Research at Mehta Equities said, "Platinum Industries share listing was below street expectation mainly on the back of subdued markets. Considering market mood, we recommend allotted investors to book profits and those who failed to get allotments can wait and watch for better opportunities." Also Read: Exicom share price dips after stellar debut on Dalal Street. Buy, sell or hold? On the suggestion to Platinum Industries shareholders post-listing, Arun Kejriwal, Founder of Kejriwal Research and Investment Services said, "The stock has listed in the Trade-to-Trade segment and it is expected to behave bearish in the upcoming session.
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