Krishna Institute of Medical Sciences Ltd IPO listing by Mr. Yash Gupta, Angel Broking Ltd
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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