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Dilip Davda recommend to "Avoid" the IPO.
Review By | Apply | May Apply | Neutral | Avoid | Not Rated |
---|---|---|---|---|---|
Count | 0 | 0 | 0 | 1 | 0 |
% | 0.00 | 0.00 | 0.00 | 100.00 | 0.00 |
Reviewer | Recommendation | Past Reviews |
---|---|---|
Dilip Davda | Avoid |
[Dilip Davda] Based on average financial data, the issue is priced aggressively. MEL operates in a highly competitive field that may bring pressure on margins going forward. Company's tiny equity will take a longer duration for migration to the mainboard. There is no harm in giving it a miss Read detail review...
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