Powered by: Motilal Oswal
6/08/2021 11:31:47 AM | Source: Angel Broking Ltd
Quote on Glenmark Life Science IPO expected listing by Mr. Yash Gupta, Angel Broking Ltd
News By Tags | #5948 #607 #6851 #442 #6174
Quote on Glenmark Life Science IPO expected listing by Mr. Yash Gupta, Angel Broking Ltd

Below is quote on Glenmark Life Science IPO expected listing by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd   

Glenmark Life Science IPO to list today, what to expect from listing and what the GMP?

We expect the listing of Glenmark Life Science IPO to be in the range of ₹810 to ₹870, i.e price to earning of 25-27 times as other pharma peers are also trading in a nearby range. So, we are expecting listing gains to be in between 12%-20%.

As per the different market news, the grey market premium is at ₹90-₹100 i.e premium of 12.5%-13.8%. We suggest short-term investors to book partial profit in the range of ₹810-₹870 and can hold partial allotment as we expect Glenmark Life Science to do better in the Medium to Long term. 

 

Above views are of the author and not of the website kindly read disclaimer

 

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here