Transrail Lighting Stock Falls Below Initial Listing Price Following Strong Debut: Should You Buy, Sell, or Hold?

Posted in

December 27, 2024

Transrail Lighting Stock Falls Below Initial Listing Price Following Strong Debut: Should You Buy, Sell, or Hold?

Transrail Lighting made a strong debut on the Indian stock market, listing with a 36% premium over its issue price of ₹432. The shares opened at ₹585.15 on the BSE and ₹590 on the NSE, reaching intraday highs of ₹604 and ₹605, respectively. However, the stock faced profit-booking pressure and has since fluctuated around ₹565, about 3% below its initial listing price. Experts recommend that short-term investors realize profits, while those with medium to long-term perspectives should hold their positions and consider buying more on dips. Transrail Lighting is noted for its consistent revenue growth and attractive valuations, particularly in the power transmission sector. Investors new to the stock are advised to adopt a buy-on-dips strategy with a long-term view.

Original source:

https://www.livemint.com/market/stock-market-news/transrail-lighting-share-price-slips-below-listing-price-after-strong-debut-buy-sell-or-hold-11735287316461.html

Transrail Lighting Stock Falls Below Initial Listing Price Following Strong Debut: Should You Buy, Sell, or Hold?

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