Unicommerce eSolutions share price jumps 9% after bumper listing. Should you buy, sell or hold?

Big Start: Unicommerce eSolutions made an impressive debut on the stock market today, with shares listed at ₹235 each on the NSE, a 117.59% increase over the issue price of ₹108. On the BSE, the stock started at ₹230, reflecting a 112.96% jump.

Strong Performance: After listing, the stock continued to rise, reaching ₹256 per share, a 9% increase from the listing price. Retail investors who got shares saw their investments grow by almost 136% in just one day.

Market Impact: The recent price cap on listing gains by the NSE does not apply to mainboard IPOs like this one, so the full gain was realized.

Expert Opinions:

• Shivani Nyati from Swastika Investmart praised the company’s strong market position and advised investors to consider booking profits but recommended holding the stock with a stop loss at ₹210 for those looking to stay invested.
• Prashanth Tapse from Mehta Equities also suggested holding the stock for the long term, noting the company’s strong fundamentals and unique position as a profitable leader in the e-commerce enablement space.

About the Company: Unicommerce eSolutions offers software to help manage e-commerce operations after purchase, like warehouse and inventory management, order tracking, and logistics. The company serves clients across various industries, including big names like Lenskart, Mamaearth, and PharmEasy. They’ve also expanded internationally, working with clients in Southeast Asia and the Middle East.

This strong debut highlights the company’s potential in the growing e-commerce sector.