RK Swamy, the marketing solutions company, experienced a weak debut on Dalal Street, listing at approximately a 13 percent discount against its upper price band of ₹288 per share. However, the stock made a remarkable recovery post-listing, witnessing a 12% surge. As the market deliberates on the future prospects of RK Swamy, analysts weigh in on whether investors should buy, sell, or hold.
Post-Listing Performance and Expert Opinions:
RK Swamy IPO initially listed on BSE at ₹252 per share and on NSE at ₹250 per share. Despite this seemingly tepid start, the stock rebounded and reached an intraday high of ₹284.90 on NSE and ₹284.50 on BSE, marking a significant rise against its listing price.
Analysts suggest that RK Swamy plans to utilize the majority of the proceeds from its ₹423.56 crore IPO to support its advancement, signaling positive prospects for the company’s fundamentals. For investors looking for long-term gains, experts advise holding onto the stock, considering the company’s unique position as a one-stop marketing solutions provider without direct peers for comparison.
Prashanth Tapse, Senior BP – Research at Mehta Equities, emphasizes the significance of RK Swamy being a first-of-its-kind company in the market. He advises allotted investors to hold for the long term, while those considering adding to their portfolio on the listing date should observe the stock’s performance before making a decision.
VLA Ambala, Research Analyst at Stock Market Today, acknowledges RK Swamy’s competitive segment and recent financial fluctuations. However, considering the company’s plans to support growth with IPO proceeds, Ambala suggests investors can benefit in the long run by holding onto the stock.
Dhruv Mudaraddi, Research Analyst at StoxBox, sees strategic potential in RK Swamy, positioning it to capitalize on India’s digital infrastructure growth. He advises investors who received allotment to hold shares from a medium to long-term perspective.
For those who entered RK Swamy IPO solely for listing gains, Arun Kejriwal, Founder of Kejriwal Research and Investment Services, recommends holding onto the stock and allowing it to settle post-listing.
