Motisons Jewellers Makes Striking Debut, Share Price Soars 98%; Analysts Differ on Buy, Sell, or Hold Strategy”

Motisons Jewellers’ share price had an impressive debut on the stock exchanges today. The opening price of Motisons Jewellers’ shares stood at ₹109 per share, a remarkable 98.18% increase from the issue price of ₹55. On the BSE, the shares were listed at ₹103.90 each.

However, after the strong initial listing, Motisons Jewellers’ share price experienced a 5% decline on the NSE. As of 11:21 IST, the shares were trading at ₹103.55 on the NSE and ₹102.20 on the BSE.

Despite the positive debut, the company’s performance falls short of the Motisons Jewellers IPO grey market premium, which was ₹70, according to Arun Kejriwal, the founder of Kejriwal Research and Investment Services. Despite the opening increase of ₹54, Motisons Jewellers’ share price is now at a lower circuit of ₹103.55, with a premium of just ₹48.55. On the BSE, it is trading around ₹100, resulting in a reduced premium of ₹45. Kejriwal advises shareholders to consider selling and exiting, anticipating that the stock will continue to trade in trade-to-trade segments for the next nine sessions.

Providing an outlook on Motisons Jewellers’ share price, Mahesh M Ojha, AVP of Research and Business Development at Hensex Securities Pvt Ltd, highlighted the company’s promise of impressive returns at the IPO debut. As a major player in the retail jewelry market in Jaipur, Rajasthan, with four stores and a diverse product portfolio offering over 3,000 jewelry designs, Motisons Jewellers has shown consistent growth in its top line with fluctuating earnings. Ojha recommends investors to book at least 50% profits on the listing day itself and consider holding the rest for long-term investment.