Vibhor Steel Share Price:Is it a buy or sell?
Vibhor Steel Tubes made headlines in the stock market today as its shares soared upon listing, marking a remarkable 181% premium-Vibhor Steel Share Price.
Dream Debut in the Market
The debut of Vibhor Steel Tubes on both the BSE and NSE exchanges was nothing short of spectacular. With shares opening at ₹421 on the BSE and ₹425 on the NSE, the stock swiftly climbed to intraday highs of ₹446.25 and ₹442 respectively, triggering a 5% upper circuit.
Expert Insights
Stock market analysts believe that there is a strong market demand because of the high premium that Vibhor Steel Tubes shares were listed at. But, since the stock is listed under the trade-to-trade category, which implies initial one-way movement, caution is advised. In the midst of this fluctuations, investors are advised to think about booking profits and holding out for a more stable market environment.
Vibhor Steel Tubes Share Price Outlook
Dhruv Mudaraddi, a Research Analyst at StoxBox, highlights Vibhor Steel Tubes strategic position in the Indian steel industry. With a focus on quality control and cost efficiency, backed by robust revenue growth and attractive returns ratios, the company presents promising prospects for investors.
StoxBox’s Recommendation
StoxBox advises investors to capitalize on the listing day surge and monitor Vibhor Steel Tubes’ performance in the upcoming quarters before making further investment decisions.
Arun Kejriwal’s Perspective about Vibhor Steel Share Price
Arun Kejriwal, Founder of Kejriwal Research and Investment Services, anticipates Vibhor Steel Tubes to remain a circuit-to-circuit stock on Dalal Street. Given its listing in the trade-to-trade segment with a 5% circuit limit, Kejriwal suggests cautious trading and recommends early profit booking for fortunate allottees.
Vibhor Steel Tubes remarkable debut in the stock market reflects investor optimism and the company’s potential in the steel industry. While the surge in share price signals a promising start, investors are reminded to exercise prudence amidst market volatility and consider expert recommendations before making investment decisions-Vibhor Steel Share Price.
