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Good listing of Vedant Fashions, what should be the investment strategy now?

Vedant Fashion: Vedant Fashion, the owner of men’s celebration wear brand Manyavar, on February 16, quelled the disappointment on Dalal Street with a listing on the National Stock Exchange (NSE) at Rs 931 with a premium of 8 per cent over the issue price. done. At around 12 noon, the stock is trading at Rs 954 with a strength of 10 percent.

Ravi Singh, Vice President and Head (Research), ShareIndia, had said, “Vedanta Fashions valuations look expensive and there will not be much space for investors. The sentiment in the primary market is weak amid selling in the broader market.

Santosh Meena, Head (Research), Swastika Investmart said, “The company has strong brand value with sound fundamentals, though valuations are a major concern. Hence, investors should go ahead with a long-term perspective. A fall of 15-20 per cent from the current levels could be a good buying opportunity.”

Mehta Equities Vice President (Research) said, “If investors are looking to buy shares on the listing day, it is better to wait for a good discounted price. However, risk takers can hold it from a long term perspective.”