Despite Afcons Infrastructure’s listing falling below the issue price, market analysts maintain a positive outlook on the company’s long-term growth potential. Tapse emphasized that the investment rationale is supported by a robust order book, a proven track record in executing complex Engineering, Procurement, and Construction (EPC) projects both domestically and internationally, and stable financial performance over the years. He highlighted the efficiency of the management team as a key factor in driving the company to greater heights.

For investors who received allotments, Tapse recommends holding shares for the long term, citing the government’s focus on infrastructure development as a significant growth driver. He also suggests that short-term traders consider holding or accumulating shares on dips, with a target price set between Rs 480 and Rs 500.