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Updater Services share price rebounds after opening at discount. Buy, hold or exit?
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Stock market today: Updater Services IPO today listed on Indian bourses at 5 per cent discount. Updater Services share price opened on NSE at ₹285 per equity share but it witnessed sharp upside after discounted listing and hit intraday high of ₹298.65 apiece, paring almost losses of the allottees that they incurred after listing.
According to stock market experts, this rebound in the stock can be a good time to exit as stock was aggressively priced and it is expected to trade weak for some time. They advised allottees to maintain stop loss at ₹290 and wait for some further rebound.
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