VMS TMT share price hits 5% lower circuit after decent listing. Should you buy, sell or hold?
VMS TMT share price gave up listing gains and hit a 5% lower circuit on Wednesday after making a decent stock market debut. VMS TMT IPO listing date was today and the stock was listed on BSE and NSE.
VMS TMT shares were listed at ₹104.90 apiece on NSE, a premium of 5.96% over its issue price of ₹99. Meanwhile, on BSE, the stock was listed at ₹105, a premium of 6.06% to its issue price
However, VMS TMT shares succumbed to selling pressure after debut and hit 5% lower circuit. The stock was locked at ₹99.75 apiece on the BSE, down 5% from listing price, and up 0.76% from its issue price.
VMS TMT IPO listing was below Street estimates, as the trends seen in the grey market premium (GMP) and analysts signalled a higher listing…
