03-08-2021 01:59 PM | Source: Angel Broking Ltd
Closing call on Heranba IPO By Jyoti Roy, Angel Broking
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Below are Views On Closing call on Heranba IPO By Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd
Heranba came out with an IPO at an issue price of Rs. 627 per share. At current levels of Rs. 778 the stock is trading at a P/E multiple of 31.1xFY20 EPS of Rs. 25 which is at a premium to peers like Rallis India. We would therefore recommend investors to book profits in the stock at current level.
Above views are of the author and not of the website kindly read disclaimer
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