01-01-1970 12:00 AM | Source: Angel One Ltd
Quote on Metro brands is down ~6% on listing day By Mr. Amarjeet Maurya, Angel One Ltd
Below is quote on Metro brands is down ~6% on listing day By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel One Ltd
On the listing day, Metro Brands stock is down ~6% mainly due to the company is trading at higher valuation (TTM PE -86x) and fear of new Covid variant omicron (will increase the possibility of lockdown). However, we are positive on stock for the long term on the back of asset light business, strong brands and wide range of products. We believe every dip in share prices provides buying opportunities to long term investors.
Above views are of the author and not of the website kindly read disclaimer
Latest News
Insurance Sector Update : Motor drags down overall g...
Sell Gold Below 72700 SL Above 72950 TGT 72400/72100...
Wipro shares nosedived over 9 pc after missed earnin...
Economic Survey links mental health disorders with '...
India's GDP growth for FY25 to surpass Economic Surv...
Evening Roundup : A Daily Report on Bullion Energy &...
FIIs stood as net buyers in equities as per July 22 ...
Union Budget: Experts urge government to remove 18 ...
Poonawalla Fincorp AUM up 52% YoY to Rs 26,972 crore...
Sensex ends lower ahead of Union Budget 2024-25