Nexus Select Trust Share Price Surges on Positive Listing: Analyzing Investment Options
The recent listing of Nexus Select Trust IPO at the BSE and NSE has garnered significant attention due to its positive performance in the market. With an initial opening price of ₹102.27 per share on the BSE, the stock quickly attracted bullish sentiment and reached an intraday high of ₹104.90. On the NSE, the stock debuted at ₹103 per share, offering a 3% listing premium to lucky allottees.
Market experts suggest that Nexus Select Trust shares have the potential to serve as a valuable addition to investment portfolios, thanks to the steady returns anticipated from its capital reserves. Consequently, they recommend that allottees hold onto their Nexus Select Trust shares, setting a near-term target of ₹115 per
share. To mitigate potential losses, a stop-loss order is advised to be placed at ₹97 per share.
Vaibhav Kaushik, a Research Analyst at GCL Broking, highlights Nexus Select Trust as an attractive portfolio stock, emphasizing the company's discounted public issue price of approximately 22% below its NAV. Additionally, the reduction in the company's debt is expected to enhance its payout ratio from 8.30% to 9%. Based on these factors, Kaushik recommends holding the stock with a target of ₹115 per equity share, while maintaining a stop loss below ₹100.
Manoj Dalmia, Founder & Director at Proficient Equities, further supports a long-term investment strategy for Nexus Select Trust shareholders. Dalmia suggests considering the stock as an alternative to real
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estate investment, particularly for investors with limited capital. He advises short-term investors to book profits due to the market's volatility, while those with a long-term view should hold onto their shares. Nexus Select Trust's portfolio consists of 17 Grade A urban consumption centers spanning an area of 9.2 million square feet, complemented by two hotel assets and three office assets totaling 1.3 million square feet as of December 2022.
Echoing this sentiment, Anubhuti Mishra, an Equity Research Analyst at Swastika Investmart, emphasizes Nexus Select Trust's distinction as the first publicly listed consumption center REIT in India. The IPO's fair valuation and impressive subscription rate of 5.45 times reflect the investors' positive response. Mishra recommends a long-term hold
strategy for investors, suggesting a stop loss at ₹97 per share. This approach aims to capitalize on steady returns and the potential appreciation of residual holdings.
While considering these expert opinions and recommendations, it is important to exercise caution and conduct personal research before making any investment decisions. The views expressed in this article are those of individual analysts and do not necessarily represent the views of WSN TIMES. Consulting certified experts can provide further clarity and guidance tailored to your specific investment needs.
Please note that this content is for informational purposes only and should not be construed as financial advice. It is important to seek advice from a qualified financial professional prior to making any investment decisions.