SS Retail shares rally another 6% after bumper listing at 51% premium over IPO price. Buy, sell or hold?
SS Retail shares extended gains after a bumper debut, rising over 6% following a 50.73% listing premium on the BSE. With the stock trading at around 46.5x FY26 P/E, Swastika Investmart maintained a Neutral view, citing demanding valuations and limited margin of safety despite strong growth and profitability.
SS Retail shares saw a significant rise of over 6% after their listing, trading at Rs 677 despite the IPO price being Rs 424 per share. The company listed above market expectations with a 50.73% premium on the BSE and a 47.17% premium on the NSE. This impressive performance exceeded the unlisted market's expectations of a 35% gain.
Analysts noted the strong revenue growth and profitability of the company, with total income increasing by 47% and profit after tax rising by 49% from FY25 to FY26. However, some experts caution that the current valuation appears demanding, with a price-to-earnings (P/E) ratio of 46.5x. Given the strong debut and limited safety margin, some investors may want to wait for consolidation and consider holding their positions with a stop-loss.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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