Given the huge impetus on the defence by the government, the stock presents a good opportunity for investors to participate in this niche space.
High sentiment in primary markets may emanate in listing gains but for the long term, it would be worthy to watch for future performance
Long term investors may book partial profits and hold the balance in their portfolios as it provides exposure to an EPC firm with strong fundamentals
In the grey market, Clean Science & Technology shares were trading at Rs 1,380 implying a premium of Rs 480 or 53% over the IPO price on Tuesday
Most brokerages have a subscribe rating on the IPO given its attractive valuations. In the grey market, it is quoting a premium of Rs 425 or 51%
In the grey market, KIMS shares were trading at Rs 895 marking a premium of Rs 70 or 8% over the IPO price on Tuesday
In the grey market, Shyam Metalics & Energy shares were trading at Rs 451 implying a premium of Rs 145 or 47% over the IPO price on Friday
The metal and pharma sectors are likely to continue their bull run whereas in the short term, BFSI, FMCG and auto sectors are likely to see some short
Jay Thakkar, Vice President and Head of Equity Research at Marwadi Shares and Finance, in an interview with Money9, talked about how investors should
Investors should book listing gains as the second wave of COVID-19 can further add pressure to already stressed finances.