Northern Arc Capital made a strong debut on the stock market today, opening at ₹351 per share on the BSE and ₹350 on the NSE, offering a 33.5% premium to those who were allotted shares. However, the stock quickly faced selling pressure, dropping to ₹324.90 on the BSE and ₹325 on the NSE soon after.
Should you buy, sell, or hold?
Arun Kejriwal, Founder of Kejriwal Research, said that while the company has strong fundamentals, investors looking for quick gains can book profits now. But those with a medium-to-long-term view should hold on, as the stock could recover after this initial sell-off.
Prathamesh P Masdekar, Research Analyst at StoxBox, noted that Northern Arc has a well-diversified financial platform aimed at meeting the credit needs of under-served households and businesses in India. With a strong base of lenders and good asset quality, the company is positioned for future growth.
Prashanth Tapse, Senior VP at Mehta Equities, advised shareholders to hold the stock for long-term growth, as the company focuses on MSME, microfinance, and consumer finance, which could lead to further gains down the line.
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