Latent View Analytics joins for the 3rd consecutive day after listing

0
5

The data analytics leader’s public offering was subscribed 326x. Strong management, no apple-to-apple peers and growing margins are the main drivers.

Latent View Analytics advanced Thursday for the third day in a row after its stellar stock exchange listing. The stock gained as much as 20% during the day to hit a high of 702.35 on BSE. The stock was up more than 256% from its 197 yen issue price due to the company’s strong fundamentals and strong investor appetite during the IPO.

ALSO READ  Latent View IPO subscribed 23.22 times on the second day

The share price has jumped more than three times since its IPO on November 23. The company also became the third best rookie of the year after Sigachi Industries and Paras Defense and Space Technologies, listed at 530 yen.

The data analytics leader’s public offering was subscribed 326x. Strong management, no apple-to-apple peers and growing margins are the main drivers.

However, retail investors should avoid stocks at current levels and should wait for next quarter results or significant declines to accumulate further, analysts said.

ALSO READ  Latent View IPO opens today: 10 things to know

Latent View Analytics serves clients in the United States, Europe, and Asia. The company recorded a profit of 91.46 crore in fiscal year 21, while the revenue was 305.88 crore. The company achieved 92.8% of its sales in the United States and 1.85% in the United Kingdom.

Get live stock quotes for BSE, NSE, US market and latest net asset value, mutual fund portfolio, check out the latest news on IPOs, top performing IPOs , calculate your tax using the income tax calculator, know the best winners, the best losers and the best equity funds in the market. Like us on Facebook and follow us on Twitter.

ALSO READ  Analysts Corner - Equitas Holdings: Maintain "buy" with an unchanged TP of Rs 170

The Bharat Express News is now on Telegram. Click here to join our channel and stay up to date with the latest news and updates from Biz.

.

LEAVE A REPLY

Please enter your comment!
Please enter your name here