Aastha Spintex share price hits 5% upper circuit after weak debut. Buy, sell or hold?

Aastha Spintex listed at ₹130 on the BSE and NSE, a 4.41% discount to its IPO price of ₹136, before bouncing to the 5% upper circuit on debut day, taking market capitalisation to ₹598.13 crore. The ₹170-crore IPO, a fully fresh issue, was subscribed 4.64 times on the final day. Analyst Shivani Nyati of Swastika Investmart advised holding with a stop-loss at ₹120, citing revenue growth from ₹239 crore (FY23) to ₹351 crore (FY25) and a net profit jump from ₹1 crore to ₹23 crore, with the Falcon Yarns acquisition slated to boost capacity.