Investors in Exicom Tele-Systems had a promising start as the company made an impressive debut on the stock exchanges, listing at Rs 265, an 87 percent premium over the issue price of Rs 142. Now faced with the decision of whether to book profits, hold for potential upside, or consider further investment, market experts offer diverse perspectives.
Dhruv Mudaraddi, a research analyst at StoxBox, recommends a hold strategy with a medium-to-long-term perspective. He attributes the strong listing to Exicom Tele-Systems’ significant position in the global telecommunications power industry. Mudaraddi sees potential growth fueled by smartphone adoption, 5G deployment, and the increasing use of Internet of Things (IoT) devices.
Amit Goel, co-founder and chief global strategist at Pace 360, highlights the company’s role as a first-mover in the electric vehicle (EV) charging infrastructure and power management solutions. With a 60 percent market share in the EV charging segment, Goel suggests that investors may find value in the IPO for medium-to-long-term rewards, especially considering the global shift from conventional fuel to EV vehicles.
Prashanth Tapse from Mehta Equities takes a different stance, advising investors to consider booking profits. For those who missed out on allotments, Tapse suggests a wait-and-watch approach for potentially better opportunities.
Exicom Tele-Systems, based in Gurugram, aimed to raise Rs 429 crore through its IPO, involving fresh shares of Rs 329 crore and an offer-for-sale (OFS) of 70.42 lakh shares at Rs 100 crore at the upper price band. The OFS includes shares sold by promoter NextWave Communication.
