"Premium listing was justified as the issue was well priced with attractive valuation when compared to other listed small bank peers which are trading higher price-to-book value, leaving something on table to the IPO investors. Better asset quality and experienced management with pan-India presence provided comforts to investors at the time of subscription," Prashanth Tapse, AVP Research at Mehta Equities told Moneycontrol. … [Read more...] about Robust listing: Ujjivan Small Finance Bank debuts with 56% premium at Rs 58
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"Considering the expected listing premium, we assume rationales would be discounted and hence recommend investors to book partial profits on listing around Rs 62-65 and hold on rest of the allotment for healthy return on investment in short to medium term basis even after listing," Prashanth Tapse, AVP Research at Mehta Equities told Moneycontrol. … [Read more...] about Ujjivan Small Finance Bank: Should investors buy, sell or hold after the bumper listing?
Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here. … [Read more...] about Ujjivan Small Finance Bank gains 51% on the first day
We have selected Reliance Industries from the pack. After hitting the fresh all-time high, stock has formed a base and appearing to be ready for fresh up move again. Hence, we would recommend the delta appreciating based “Bull Call Spread” in the counter. … [Read more...] about Reliance forms a base, recommend delta appreciating based “Bull Call Spread”
The first sign of what the results held in store came with a definitive exit poll released at the close of voting at 2200 GMT on Thursday, which predicted the Johnson-led Conservative Party winning 368 seats, with the Labour Party way down at 191 in a predominantly Tory blue versus Labour red contest. … [Read more...] about Boris Johnson looks set for victory as early results in UK’s Brexit election pour in