Sajiv Dhawan of JV Capital Services feels that one can hold on Action Construction Equipment at IPO level. Its valuations are not over stretched.
Dhawan told CNBC-TV18, "The current valuations of Action Construction Equipment are not over-stretched as lot of stocks are at current juncture. So I think you will see a lot of appetite in that and that is always with the new IPOs. The stock tends to be very volatile for the first three days. One can, at IPO level probably hold on, keep a stoploss slightly lower because you got enough profit at the moment; play with it."
Dhawan told CNBC-TV18, "The current valuations of Action Construction Equipment are not over-stretched as lot of stocks are at current juncture. So I think you will see a lot of appetite in that and that is always with the new IPOs. The stock tends to be very volatile for the first three days. One can, at IPO level probably hold on, keep a stoploss slightly lower because you got enough profit at the moment; play with it." 
