In just 3 days, a stock has given investors a return of about 145 percent. Since Tuesday, its shares have seen a great jump. This stock has been showing tremendous growth since its listing. During today’s morning trading, its shares rose 11 percent to ₹ 224.
40 percent rise in just two days
On Monday, the shares of Unicommerce eSolutions showed a rise of 20 percent. On Tuesday, the stock rose by 16 percent. According to this, the stock rose by 39.24% in two days. Whereas its shares were listed on Friday last week.
The list was made on 13 August
Unicommerce eSolutions shares entered the stock market on August 13. The price band of its IPO was Rs 108, which was listed at Rs 235 with a jump of 117.59%. After listing, its shares touched the level of Rs 256, but after this its shares saw a decline. If we combine Tuesday’s intraday surge and listing gain, the company’s shares had gained 144.5 percent in the last 3 trading days. However, this stock has still climbed 138 percent more than its IPO price in 7 trading days.
Expert told what to do now
Experts are also positive about this stock. Prashant Tapase, Research Analyst and Senior VP of Research at Mehta Equities, believes that the company should get a premium valuation multiple, as the company is able to take advantage of the growing e-commerce enablement sector. He suggests that investors who have received these shares at the time of IPO should ‘hold’ from a long-term perspective.
What does the company do?
Unicommerce E-Solutions offers a comprehensive suite of software solutions designed to streamline post-purchase e-commerce operations. The company provides solutions for warehouse and inventory management, multi-channel order management, omnichannel retail management, seller management panel for marketplaces, logistics tracking, courier allocation and payment systems.
(Note- Before investing in any company, please take advice from your market expert.)
Source (PTI) (NDTV) (HINDUSTANTIMES)