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Awfis Space Solutions made its debut on the Indian bourses at a 13.50% premium against the upper price band of ₹383. The share price opened on BSE at ₹432.25 per share and on NSE at ₹435 per share, delivering a 13% listing gain. Market experts believe Awfis Space Solutions is the top company in India’s flexible workspace segment and may become net cash positive by the next fiscal year. They recommend holding the scrip with a trailing stop loss at ₹400 for potential upside.
VLA Ambala, Co-founder of Stock Market Today, advises long-term investors to hold the scrip, highlighting the company’s growth in revenue and profit despite negative net profit and increased borrowing. The company aims to cater to diverse clientele needs with solutions like Awfis Transform and Awfis Care, indicating promising growth prospects. With a Return on Capital Employed (ROCE) of 25.3% in FY23, Awfis Space Solutions shows potential for profitability.
Shreyansh V Shah, Research Analyst at StoxBox, suggests investors hold shares from a long-term perspective, while Prashanth Tapse of Mehta Equities recommends booking 50% profits and holding the rest for the short term with a target price of ₹470 to ₹500. VLA Ambala maintains a target of ₹520 per share.
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