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Latent View makes dream debut at Dalal Street. Should you buy, sell or hold?

Latent View share listing: Those investors, who got the allotment can put a stop loss of  ₹450 and hold the stock with a long-term view, while the new investors should look for a dip to buy the stock, say experts. Photo: Courtesy Latent View Analytics websitePremium
Latent View share listing: Those investors, who got the allotment can put a stop loss of 450 and hold the stock with a long-term view, while the new investors should look for a dip to buy the stock, say experts. Photo: Courtesy Latent View Analytics website

  • Latent View share listing: Long-term investors should hold the counter while those who played for listing gain should keep a stop loss at 490 per share levels, believe stock market experts

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Latent View shares today made a dream debut at Indian stock market. The public issue listed at 512.20 on NSE against its upper price band of 197, delivering around 160 per cent listing gain to the lucky bidders who got Latent View Analytics shares through allotment process. According to stock market experts, long-term investors should remain invested in the counter whereas those who invested for listing gain should book profit now.

Speaking on Latent View share price listing; Santosh Meena, Head of Research, Swastika Investmart Ltd said, "It is another stellar listing after a disappointment from Paytm that Indicates the market is ready and has an appetite to reward quality IPOs. The Latent view is a data analytics company and this industry is likely to grow by 18-20 per cent for the next 3 years. The strong part of the company is that it will be one of its kinds among listed companies, experienced management, and quality corporate governance practices. It has a strong client base from fortune 500 but there is concentration risk because 55 per cent of its revenue comes from the top 5 clients. Revenue growth has been muted for this company however it has a strong margin with more than 20 per cent ROE. The overall outlook is bullish but the valuations look expensive after a strong listing."

Santosh Meena of Swastika Investmart said that long-term investors should hold Latent View shares in their portfolio while those who played for listing gain should keep a stop loss at 490 per share levels.

Advising long-term investors to hold Latent View shares; Parth Nyati, Founder at Tradingo said, "Those investors, who got the allotment can put a stop loss of 450 and hold the stock with a long-term view, while the new investors should look for a dip to buy the stock. It is the first of its kind to get listed in the Indian stock market with no apple to apple peers. So it has a first-mover advantage which is backed by strong management and fundamentals with increasing margins. There is a risk of revenue concentration and the revenue growth has been muted in the last three years. However, the industry is expected to grow at a CAGR of 15-20 per cent in the next 3 years which will aid the company's revenue."

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

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