JSW Infrastructure- Strong debut, lists over 20% premium; Should you hold or book profit-
时间:2024-06-26 13:50:59 阅读(143)
JSW Infrastructure shares listed at 20.16% premium over the IPO price on bourses on Tuesday. The share debuted at Rs 143 on the NSE, as compared to the issue price of Rs 119. The investors have made a profit of Rs 24 per share as the scrip gave more than 20% returns to investors on the listing.
“The IPO was subscribed 37.37 times, which is a strong indication of investor interest. The company’s fundamentals are also strong, with consistent revenue and profit growth in recent years. Additionally, the company is well-positioned to benefit from the growing Indian economy. Overall, the listing of JSW Infrastructure was a success. The company’s strong fundamentals and good subscription levels were positive factors for this. Investors who participated in the IPO can hold on to their shares for the long term,” said Shivani Nyati, Head of Wealth, Swastika Investmart.
JSW Infra is the 2nd largest commercial port operator in India, handling 92.8 million MT in FY23 (43% CAGR over FY21-23). 63% of volumes is derived from JSW Group customers while the balance 37% is from 3rd party customers which it plans to further increase to achieve a balanced customer base. The company’s EBITDA rose at 31% CAGR (FY20-1QFY24) driven by volume growth.
上一篇:Eid al-Adha 2023- Here’s a glimpse of the preparations for Bakrid from around the world – Photos
下一篇:Wipro stock tech pick- Brokerage recommends ‘Buy’, cites higher bottom formation; check target price
猜你喜欢
- EXPLAINER- How’s AI leading the way for enterprise architecture of tomorrow
- Assembly Elections 2023 - BJP supporters go on celebration spree as party leads in MP, Rajasthan and Chhattisgarh; Congress celebrates in Telangana – See Photos
- NSE FO ban- Ambuja Cements under ban on Thursday, February 2, 2023
- Explainer- Short-selling- Good or bad-
- Asian stock market rally ebbs as Treasuries rise; dollar firms- Markets Wrap
- Embassy REIT- Stable performance
- Number of shareholders rise to over 4,300 from 100- 7 mn NSE shares traded in March
- Bajaj Electrical, HDFC Bank, CAMS, Mahanagar Gas, Adani Ports, Adani Total Gas stocks in focus
- Odisha CM Naveen Patnaik to lay foundation stone of Rs 6,255 cr Bhubaneswar Metro project today, eyes world-class transformation standards