Post listing view on Metro Brands By Mr. Santosh Meena, Swastika Investmart Ltd
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Below is the Post listing view on Metro Brands by Mr. Santosh Meena, Head of Research, Swastika Investmart Ltd
With an asset-light model, Metro Brands derives most of its revenues from third parties. It has demonstrated decent growth, profitability, and financials in the past; however, the company debuted at Rs. 437, a 12.60% discount to its issue price of Rs 500. Long-term investors are advised to hold the stock, while short-term investors can keep their stop loss at 380. If the price holds above 380 on a closing basis, fresh positions can be taken and can be bought on dips.
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