Jay Thakkar, Vice-President & Head of Equity Research at Marwadi Shares and Finance, says trend in market remains quite positive in short-term
Chemplast Sanmar was delisted from the BSE, the NSE and MSE with effect from June 25, 2012, June 18, 2012 and June 25, 2012, respectively.
The P/BV comes around 8.6x which makes the issue fully priced against the superlative performance leaving little to nothing for investors
Nuvoco Vistas is quoting at a premium of Rs 38 or 6.67% in the grey market. Subscribe for the long-term, listing gains can be muted
The issue looks expensively priced but being a niche company and frenzy for startup IPOs, it may accelerate in short term due to first-mover advantage
Glenmark Life Sciences got listed at price to earnings of 26.01x compared to Divis Lab & Laurus Lab which are trading at 65.8x & 34.2x, respectively.
At the issue price of Rs 954, the issue looks fully priced. However, due to bullish sentiments, we may see IPO garnering good subscription.
Ahead of the IPO, shares of Devyani International are quoting at Rs 152 apiece in the grey market marking a premium of 68.89%
Ahead of the IPO, shares of Glenmark Life Sciences were trading at Rs 855 per share marking a premium of Rs 135 or 18.75% at the upper price band
Most analysts on the street are of the opinion that Zomato's continuous focus on unit economics and growth keeps the long-term story intact.