In today’s stock market, Yatra Online share price initially opened at a discounted price during a special pre-open session. The shares listed on the BSE at ₹130 each, which was ₹12 lower than the upper price band of the Yatra Online IPO. Similarly, on the NSE, Yatra Online share price opened at ₹127.50 per share, ₹14.50 below the upper price band of the public issue.
However, Yatra Online’s share price rebounded from its intraday lows on both BSE and NSE, leading to speculation about allottees potentially gaining from the public offer if this rebound continues by the end of the session.
Stock market experts have weighed in, noting that after a lukewarm response from investors and in light of weak stock market sentiments, Yatra Online’s share price was expected to have a flat listing on Indian exchanges. They suggested that allottees should not have high expectations from this rally, as the company failed to clarify its business model and revenue generation prospects in the medium to long term.
Nevertheless, market experts anticipate that in the last few hours of trading, this rebound may continue if a major institution decides to acquire a stake in the company after listing.
Arun Kejriwal, Founder at Kejriwal Research and Investment Services, explained the reasons behind the discounted listing of Yatra Online shares. He attributed the flat to weak listing to factors such as the company’s failure to clarify its business and revenue generation model, tepid investor response, and overall weak stock market sentiments.
Arun Kejriwal advised allottees to consider the current rebound in Yatra Online’s share price as a relief rally, particularly if the stock fails to break its intraday high of ₹142 on BSE before the market closes. He recommended holding the stock with a stop loss set around ₹125 in case the stock breaches its current high of ₹142.
Kejriwal added, “If the stock fails to gain momentum and break the current high, then my advice for allottees would be to cut losses and exit.”
Avinash Gorakshkar, Head of Research at Profitmart Securities, revealed an investment strategy for those who invested in Yatra Online shares for listing gains. He suggested maintaining a stop loss below the intraday low reached by the stock after one hour of listing and holding onto the shares. If the stock continues its relief rally, allottees should consider exiting during the rise. However, if the stock fails to breach the intraday high set within an hour of listing, he recommended booking losses and exiting.