Canara Robeco AMC shares rally 12% after listing. Should you buy, sell or hold the stock?

The Rs 1,326-crore IPO was led by QIBs, with a massive 25.9x subscription, while Non-Institutional Investors (NII) subscribed 6.45x and retail investors bid 1.9x their allotted quota. What should investors do now?Domestic brokerage firm Prabhudas Lilladher has given a Buy call on the counter and a target price of Rs 320 per share. Analysts remain optimistic about its business prospects, supported by several tailwinds. First, stronger equity market performance could drive higher net equity flow market share ...