BLS E-Services Lists At 131% Premium. Should You Buy It At This Price? Expert's Take On The Stock

BLS E-Services made its debut on the NSE with a remarkable 130% premium On Tuesday (February 6th). The stock commenced trading at Rs 305 on the NSE and Rs 309 on the BSE, surpassing its issue price of Rs 135. This listing aligned closely with analysts' expectations of a 125-130% premium. Dharmesh Kant, Head of Equity Research at Cholamandalam Securities, cautioned that the stock appears expensive at its current valuation.