Published on 21/11/2020 9:46:15 AM | Source: Angel Broking Ltd

Quote on Gland Pharma IPO By Yash Gupta, Angel Broking

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Below are Quote on Gland Pharma IPO By Mr. Yash Gupta- Equity Research Associate, Angel Broking Ltd

“Gland Pharma IPO the biggest pharma IPO in India got successfully listed today stock closed at 1820 up by 21.3% from issue price and up by 7.02% in intraday. In the IPO stock got a good response from Institutional as QIB portion got subscribed 6.4 times and some lack of confidence from retail. Stock is trading above its mid-cap pharma peers but higher valuations justified by the last 3-year revenue growth and PAT growth of 27% & 55% CAGR respectively. Any dip in price can be a good opportunity for Long term investors.”


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