Nexus Select Trust share: Nexus Select Trust, a newly listed company, saw its shares make a strong debut on both the BSE and NSE today. During the special pre-open session, the share price opened at ₹102.27 apiece on the BSE, catching the attention of bullish investors. The stock price quickly surged and reached an intraday high of ₹104.90 per share. On the NSE, the shares debuted at ₹103 per share, offering a 3% premium to lucky allottees.
Experts in the stock market believe that Nexus Select Trust shares are worth considering for investors’ portfolios, as the company is expected to provide steady returns through payouts from its capital reserves. They recommended that allottees hold onto their Nexus Select Trust shares, with a near-term target of ₹115 per share and a stop loss set at ₹97 per share.
Vaibhav Kaushik, a Research Analyst at GCL Broking, shared his outlook on Nexus Select Trust’s share price, stating, “Nexus Select Trust is an excellent portfolio stock due to its steady payouts. The company offered its public issue at a discount of around 22% on its NAV. Additionally, the company has successfully reduced its debt, which is expected to improve its payout ratio from 8.30% to 9%. Therefore, it is advisable to hold the stock with a near-term target of ₹115 per equity share, while maintaining a stop loss below ₹100.”
Manoj Dalmia, Founder & Director at Proficient Equities, advised long-term shareholders to hold onto their Nexus Select Trust shares as an alternative investment to real estate. He explained, “Investors can consider holding it long-term as an alternative to investing in real estate with a small capital, which usually requires huge capital. Short-term investors may book profit considering small marginal gains and a volatile market condition. Nexus consists of 17 Grade A urban consumption centers (covering an area of 9.2 million square feet), 2 complementary hotel assets, and 3 office assets (covering 1.3 million square feet) as of December 2022.”
Anubhuti Mishra, Equity Research Analyst at Swastika Investmart, shared her thoughts on the IPO listing, stating, “Nexus Select Trust IPO got listed on the exchange today, May 19, 2023. It is also the first publicly listed consumption center REIT in India. The company’s issue price at the upper band was Rs. 100, and it received a decent listing with a profit of around Rs. 3 (3%). Nexus is the owner of India’s leading consumption center platforms. This IPO came at a fair valuation and attracted a great response from investors, with a subscription rate of 5.45 times. After this positive listing, we recommend investors hold it for the long term with a stop loss at 97 with a view to earning steady returns and appreciation on residual holdings.”
Please note that the views and recommendations expressed in this article are those of individual analysts and do not represent the views of sharebaz. We strongly advise investors to consult certified experts before making any investment decisions.
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In conclusion, Nexus Select Trust made a remarkable entry into the stock market with its IPO listing. The stock garnered significant attention and delivered a premium to lucky allottees. With experts suggesting it as a valuable addition to investors’ portfolios, Nexus Select Trust’s shares are expected to offer steady returns through capital reserves. It is crucial for investors to exercise caution, set appropriate stop losses, and consult professionals before making investment choices.