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Post listing view on Data Pattern's IPO By Mr. Santosh Meena, Swastika Investmart Ltd
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Below is the Post listing view on Data Pattern's IPO by Mr. Santosh Meena, Head of Research, Swastika Investmart Ltd
Data Pattern's IPO saw a bumper response from investors and got subscribed 120 times, demonstrating that aerospace and defense are highly sought-after sectors currently. This led to the IPO debuting at Rs 856, a 46% premium to the issue price of Rs 585. In the long run, the stock will be a wealth generator in the next 3-5 years, while short-term investors should keep a stop loss of Rs 790 on a closing basis. The company can grow rapidly and exponentially by taking advantage of the government's "Make In India" initiative in the near future.
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