Advit Jewels share price hits 5% lower circuit after bumper debut. Should you buy, sell or hold?

Advit Jewels made a strong stock market debut, listing at 187 rupees on BSE and 188.90 rupees on NSE, representing premiums of 35.50% and 36.88% over the IPO issue price of 138 rupees. Despite the bumper debut, the stock hit the 5% lower circuit on the same day, trading at 179.46 rupees on NSE and 177.65 rupees on BSE, though still around 30% above the issue price. The 165.16-crore-rupee IPO was subscribed 212.63 times, and analyst Shivani Nyati of Swastika Investmart advised IPO allottees to hold while suggesting fresh investors wait for one or two quarterly results before taking exposure.