Post listing view on Aban Holding Ltd : The company has an integrated financial services platform and strong human capital Says Pravesh Gour, Swastika Investmart
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Below Quote on Aban Holding Post listing By Pravesh Gour, Swastika Investmart Ltd
The company’s muted listing, debuted at Rs. 273 over its issue price of Rs. 270. The issue had also not received a good response from investors on both the institutional and retail sides.
The company has an integrated financial services platform and strong human capital. It has global exposure, provides innovative financial products, and also has a strong relationship with clients. However, while the company's revenue has declined recently, it has also reported negative cash flow in the past. Secondly, it is a holding company that is dependent on its 17 subsidiaries and operates in a highly competitive market. Those who applied for listing gains can keep a Rs. 240 stop loss.
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