Laser Power & Infra share price extends gains after strong listing. Should you buy, sell or hold the stock?

Laser Power and Infra shares debuted with a premium of 25.70% at ₹269 on BSE and 16.8% at ₹250 on NSE against the issue price of ₹214, then rallied further up to ₹270 on NSE. The ₹742 crore IPO, which ran from July 9 to July 13, was subscribed 38.94 times, comprising a ₹542 crore fresh issue and a ₹200 crore offer for sale. The company is an integrated manufacturer of power cables and conductors with three manufacturing units in West Bengal and total installed capacity of 85,448 MT.