Stock market today, Aug. 5 -- After listing at a strong premium of near 11%, Manipal Health Enterprises' share price ascended further and touched an intraday high of Rs.674 apiece on the NSE. The Manipal Health Enterprises shares listed on the NSE at Rs.652, whereas on the BSE, it debuted at Rs.655 per share. So, it would be tricky for the lucky allottees to decide whether to book a profit or wait for further gains.

According to stock market experts, the newly listed stock is trading at a premium valuation with a limited margin of safety. This is because a significant portion of the net proceeds would be used to repay the debt taken out to finance recent acquisitions. So, the listing won't have much impact on the company's balance sheet,...