Buy, hold or exit Nexus Select Trust share price rally after positive listing?

According to stock market experts, shares of Nexus Select Trust should be taken as portfolio stock by the allottees as it will continue to give consistent returns by way of payouts from its capital reserves. Experts advise lucky allottees to hold Nexus Select Trust shares for near term goals Maintaining stop loss at 115 97 per share level.

Speaking on Nexus Select Trust share price outlook, Vaibhav Kaushik, Research Analyst, GCL Broking said, “Nexus Select Trust should be taken as a portfolio stock for stable payouts. The company has traded at a discount of around 22 per cent to its NAV. Introduced public issue. Also, the company has managed to reduce its debt, which is expected to increase its payout ratio from 8.30 per cent to 9 per cent. Hence, one should hold the stock for near-term targets . Maintains stop loss below Rs 115 per equity share 100.”

Advising the shareholders of Nexus Select Trust to hold the stock for the long term, Manoj Dalmia, Founder & Director, Proficient Equities said, “Investors can consider long term holding as an investment option. real estate With a small capital, which usually requires a large capital. Short term investors can book profits considering the marginal gains and market volatility. The nexus comprises 17 Grade A urban consumption centers (area of ​​9.2 msf), 2 complementary hotel properties and 3 office properties (1.3 msf) by December 2022.

Manoj Dalmiya’s thoughts echoed; Anubhuti Mishra, Equity Research Analyst Swastik Investmart said, “Nexus Select Trust IPO listed on the exchange today, May 19, 2023, is also the first publicly listed consumption center REIT in India. The issue price of the company was Rs 100 at the upper band, and it Received well. Listing with a gain of around Rs 3 (3%). Nexus owns India’s leading consumption center platforms. The IPO came at a reasonable valuation and received a great response from investors with 5.45 times subscription rate. Positive listing thereafter , we recommend investors to hold it for long term with stop loss at 97 with a view to earn steady returns and appreciation on residual holdings.

Disclaimer: The views and recommendations in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to do their due diligence with certified experts before making any investment decision.