I was quite surprised to see the stock hitting lc on 10th day! Lets see what happens on Monday! Stock should do good in long term but as it ran so much in last 9 days so some profit booking is there
120.1. rohiitian| Link| Bookmark|
March 14, 2024 10:13:18 AM
IPO Mentor (800+ Posts, 500+ Likes)
Bought 1 lot at pre-open, but not expecting more than 1-2 UCs (hope I'm wrong)
120.2. Manan Surana| Link| Bookmark|
March 14, 2024 10:22:36 AM
Top Contributor (800+ Posts, 200+ Likes)
@rohiitian sir , please also share detailed views on this one , your takes are interesting to read...
120.3. rohiitian| Link| Bookmark|
March 14, 2024 11:13:56 AM
IPO Mentor (800+ Posts, 500+ Likes)
@Manan Surana DD sir's review is on point - they are in a niche space with great clients, lot of capex addition done in last 6 months signaling confidence on growth, margin expansion and attractive valuations. I like businesses that have high PAT % (visibility to 15% PAT) - shows that it's not a commoditized space. See videos online for interview with management to get confidence on team & operational set up (same channel as atmastco interview).
If it listed at 120% premium (30+PE), would have avoided even in frothy market, but at 15 PE right now, it's a solid long term bet with good entry price.