Advit Jewels lists at 35.5% premium, holds 29% gain over issue price
Jewelry retailer Advit Jewels debuted at Rs 187 versus its Rs 138 IPO price, touching a high of Rs 190 before easing. Analysts flag tripling revenue, 29-30% EBITDA margins and 43.6% RoNW, advising short-term profit-booking with a Rs 165 stop loss while retaining a medium-to-long-term hold view.
Indian jewelry retailer Advit Jewels debuts strongly, listing at Rs 187 (35.5% premium over Rs 138 IPO price). Analysts cite tripling revenue and healthy margins; advise short-term profit-booking but medium/long-term holding.