Lalithaa Jewellery Mart shares surge 36% from IPO price after strong market debut. Should you buy, sell or hold?

Lalithaa Jewellery Mart shares surged after debuting at a 32% premium to the IPO price, reaching over 36% gains. Strong subscription, attractive valuations versus peers and expansion plans have supported investor optimism. Analysts, however, caution about gold-price volatility, working-capital intensity, inventory management and consumer demand while offering mixed hold or profit-booking strategies.