Motisons Jewellers, a key player in the retail jewellery market in Jaipur, Rajasthan, recently marked its debut on the stock exchanges with a stellar opening. In this detailed analysis, we will delve into the Motisons Jewellers share price journey, market performance, expert opinions, and the outlook for Motisons Jewellers.
Motisons Jewellers Share Price
The NSE witnessed Motisons Jewellers Share Price soaring to ₹109, a remarkable 98.18% higher than the issue price of ₹55. Simultaneously, on the BSE, the shares made their entrance at ₹103.90 apiece. However, post this robust listing, the NSE experienced a 5% dip in Motisons Jewellers share price, settling at ₹103.55, while the BSE recorded a trading value of ₹102.20.
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Motisons Jewellers Market Dynamics
Despite the initial surge, Motisons Jewellers found itself below the IPO grey market premium of ₹70. According to Arun Kejriwal, the founder of Kejriwal Research and Investment Services, even though the share price opened with an increase of ₹54, it now hovers around ₹103.55 on the NSE, reflecting a premium of just ₹48.55. On the BSE, the trade stands at ₹100, with the premium decreasing to ₹45.
Expert Insights on Motisons Jewellers Share Price
1. Arun Kejriwal’s Take
Arun Kejriwal suggests that if you currently hold Motisons Jewellers shares, selling and exiting may be a wise decision. The stock is expected to continue trading in trade-to-trade segments for the next nine sessions.
2. Mahesh M Ojha’s Analysis
Mahesh M Ojha, AVP of Research and Business Development at Hensex Securities Pvt Ltd, highlights Motisons Jewellers’ promising debut, with an initial assurance of 87% returns for investors. The company, with four stores, has established itself as a major player in Jaipur’s retail jewellery market, offering a diverse product portfolio comprising over 3,000 jewellery designs.
Ojha recommends investors to book at least 50% profits on the listing day itself, with the possibility of holding the rest for long-term investment.
Motisons Jewellers Share Price Market Reaction and Volume Trends
As of now, a crore shares have been traded across both exchanges, with the volume steadily increasing. The share price, currently under the lower circuit at ₹103.55, indicates a premium of ₹48.55 on the NSE. On the BSE, the trade is around ₹100, with a reduced premium of ₹45.
Motisons Jewellers Cautionary Voices
Suman Bannerjee, CIO of the US-based hedge fund Hedonova, expressed caution despite the impressive debut. He cited challenges such as underperformance and dependence on third-party suppliers, signaling a need for careful consideration.
Motisons Jewellers’ stock market debut has been both remarkable and cautionary. As the shares continue to navigate the market, investors are advised to stay informed and consider expert opinions to make well-informed decisions.
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Motisons Jewellers Share Prize
Q.1. What was Motisons Jewellers’ opening share price on the NSE and BSE?
Ans. Motisons Jewellers shares opened at ₹109 on the NSE, reflecting a 98.18% increase from the issue price of ₹55. On the BSE, the opening price was ₹103.90 per share.
Q.2. How did Motisons Jewellers share price perform post-listing?
Ans. After the robust listing, Motisons Jewellers experienced a 5% dip on the NSE, settling at ₹103.55, while the BSE recorded a trading value of ₹102.20.
Q.3. What is the current market dynamics of Motisons Jewellers shares?
Ans. Despite the initial surge, Motisons Jewellers traded below the IPO grey market premium of ₹70. The current premium on the NSE is ₹48.55, and on the BSE, it stands at ₹45.
Q.4. What do experts recommend regarding Motisons Jewellers shares?
Ans. Arun Kejriwal suggests selling and exiting for current shareholders. Mahesh M Ojha recommends booking at least 50% profits on the listing day, considering the promising debut and long-term investment potential.
Q.5. How much trading volume has Motisons Jewellers witnessed so far?
Ans. Approximately a crore shares have been traded across both exchanges, with volume steadily increasing. The share price is currently under the lower circuit at ₹103.55 on the NSE.
