Should retail investors apply for Easy Trip IPO for Short term? By Yash Gupta, Angel Broking

03-09-2021 01:44 PM | Source: Angel Broking Ltd

Should retail investors apply for Easy Trip IPO for Short term? By Yash Gupta, Angel Broking

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Below are Views On Should retail investors apply for Easy Trip IPO for Short term? By Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd

We are expecting a very good listing for this IPO, we suggest retail investors to apply for this IPO for long term as well as for listing gains also. Retail investors can expect a listing gain of 50%-75%.

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.

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

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Should retail investors apply for Easy Trip IPO for Short term? By Yash Gupta, Angel Broking

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