Following the listing today, expert Shivani Nyati, Head of Wealth at Swastika Investmart recommended a hold on the counter with a medium-to-long-term view while suggesting a stop loss at Rs 290. The IPO came at a PE valuation of 45.63X, which she said was reasonably priced.
These 7 penny stocks rally 10-30% in a week
In the week ending May 23, the benchmark Sensex fell by approximately 0.74%. However, despite the overall market downturn, seven penny stocks posted weekly gains