The share price of Apeejay Surrendra Park Hotels is currently listed on the BSE and NSE, offering fortunate allottees a return of approximately 20 percent. However, following the profit-booking trigger, the stock was soon subject to sell-off pressure. However, Apeejay Surrendra Park Hotels shares quickly caught the interest of bulls and made a significant recovery from its BSE intraday low of ₹170.15 per share to a new intraday high of ₹191.70 per share.
Stock market experts believe that Park Hotels shares should be listed healthily because the industry is predicted to provide an alpha return in the upcoming years. In addition to advising new investors to stick to their buy on dips strategy and hold the scrip for the medium to long term with a stop loss below ₹170 per share, they also advised allottees to hold the scrip.
Outlook for Apeejay Surrendra Park Hotels’ stock price
advising the share allottees of Apeejay Surrendra Park Hotels to retain the scrip, The government’s push towards the hospitality and tourism industry, along with its primary goal of reducing debt, which could lighten interest burdens and improve the bottom lines in the coming years, all support the healthy listing, according to Prashanth Tapse, Senior Vice President — Research at Mehta Equities. Therefore, we advise allocated investors to “HOLD” while keeping an eye on the big picture. When a listing occurs, non-allottees can accumulate more in dips and aim to hold for a long period, such as three to five years.”
“In the future, Apeejay Surrendra Park Hotels is well-positioned for sustainable growth and market leadership thanks to its strategic initiatives, which include debt reduction and a distinctive combination of hotel and F&B services. Dhruv Mudaraadi, Research Analyst at StoxBox, stated, “We advise investors who have received allotment to hold shares from a medium to long-term perspective.”
Avinash Gorakshkar, Head of Research at Profitmart Securities, offered the following advice to the fortunate allottees following the strong listing of Apeejay Surrendra Park Hotels shares: “Allottees of the public issue can hold the scrip for medium to long-term maintaining stop loss below ₹170 and keep on accumulating on every bid dip.”
Avinash Gorakshkar advocated for new investors to stick to the buy on dips strategy, with a stop loss set at ₹155 per share.
Note: Businessuncover does not endorse or support the opinions or suggestions expressed above; rather, they are the opinions of specific analysts, specialists, and broking firms. Whenever making an investment, we urge investors to consult with licensed professionals.
