Latent View Analytics superior on Thursday for the third consecutive day following its stellar listing on the bourses. The stock gained as a lot as 20% intra-day to hit a file excessive of ₹702.35 on the BSE. The stock has rallied greater than 256% towards its problem worth of ₹197 due to sound fundamentals of the company and powerful investor urge for food in the course of the IPO.
The stock worth has jumped greater than thrice since its listing on November 23. The company additionally turned the third-best debutante within the year after Sigachi Industries and Paras Defence and Space Technologies, listing at ₹530.
The public problem of the main knowledge analytics company was subscribed 326x. Strong administration, no apple-to-apple friends and growing margins are the important thing drivers.
However, retail buyers ought to keep away from the stock at present ranges and will wait for the following quarter outcomes or important dips to build up additional, in line with analysts.
Latent View Analytics serves shoppers throughout the US, Europe and Asia. The company posted a revenue of ₹91.46 crore in FY21 whereas revenues stood at ₹305.88 crore. The company earned 92.8% of its income from the US and 1.85% from the UK.