Krishna Institute of Medical Sciences Ltd IPO listing by Mr. Yash Gupta, Angel Broking Ltd
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Below are Quote on KIMS IPO listing by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd
Krishna Institute of Medical Sciences Ltd got listed on stock exchanges at ₹1008.9 on 28-06-2021. We had given a subscribe rating to the KIMS IPO and the listing was in line with our expectation. We suggest short term investors to book profit at ₹977, with gains of 17.8%, and recommend that long-term investors may book partial profit and hold the remaining quantity as the company can perform well in the long run. KIMS is trading at EV/EBITDA of 21 times and Price to earnings of 37 times, which is cheaper compared to peers. Additionally, the company has best Return of equity (ROE) & Return on capital employed (ROCE) among peers of 23.8% and 24.8% respectively.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
