Shares of AGS Transact Technologies: Should you sell, hold or buy after flat debut?

According to stock market experts, shareholders of AGS Transact Technologies are advised to book profit and exit the counter if they have a short-term time horizon. However, those that have a long-term outlook may hold counter as a company’s product portfolio and technical capabilities indicate a continuing profitable business model.

On suggestion to shareholders of AGS Transact Technologies, who have a short-term outlook; Santosh Meena, Head of Research, Swastika Investmart Limited said, “The company is one of India’s leading omni-channel payment solution providers with a strong network. However, the government’s focus on digital payments may further reduce the usage and availability of cash. Adverse impact on business activities Listed IPO 176, which is the same as the issue price. We had an IPO avoidance rating as the government focuses on digitisation. Investors who have got allotment are advised to book profit and look for other investment opportunities.”

echoing with the thoughts of Santosh Meena; Ravi Singhal, Vice Chairman, GCL Securities, said, “For short-term investors, we recommend exiting on any upside and look at other better options like Fino Payments Bank as the Indian government is aggressively focusing on digital payment solutions. However, it is still a long way to implement the full digital payment model in India. Therefore, those who have a long-term outlook should invest in Counter as the long-term business model of the company is expected to remain profitable. have hope.”

Advising long term investors to hold the counter; Mohit Nigam, PMS Head, Hem Securities, said, “AGS Transact Technologies is one of the leading payment solution providers and a major player in the ATM management space, with a strong clientele and good network with multiple peers and high competition across India. We recommend investors. To sustain the company for long term for good returns. Considering the company’s product portfolio and technological capabilities, we feel it will be a good investment option for long term.”

Shares of AGS Transact Technologies saw flat listing today as the stock resumed trading 176 on the NSE, up 0.9 per cent over its upper price band 175 per equity share. On BSE, the stock made its debut 176 per share.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.