Should retail investors apply for Easy Trip IPO for Short term? By Yash Gupta, Angel Broking
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Based on FY2020 the IPO is priced at a PE of 58x at the upper end of the price band along with a very good ROE of 34% and ROCE of 35%. The company has the potential to grow exponentially in near future. Looking at the company performance in FY 2020 and strong balance sheet is given that we have certain concerns regarding competition in this business we are assigning a “SUBSCRIBE” recommendation to the issue.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
