when wake up now and type indigo share price its 1,600.15 INR +52.40 (3.39%) for a moment i shocked but after 5 minutes , wash my face and check again once fresh it was indigo airline.....
I have 80 Shares of L&T Fin Holding in my DP now I got 18 Shares of L&TFH-RE in my DP a/c @ the Approx. rate of Rs.21.00 Can anyone help me to explain about this.
Why market pre assume that something bad gonna happen in budget so let''s fall deeply . This proves market is in hand of operator they saw they can''t buy high value CE so make market negative.
Bugest Speech"s Duration Is 90 To 120 Minutes. It is Obvious That Market Trend has Changed into Negetive so Each Negetive Points Covered in The Budget will Overshadow the Positive Points and Market May Fall. That''s why FII sold High Position on Friday. I wish All Negetive Points will Be Presented Positively by Honorable Finance Minister Sitaramanji.
Currently, Indigo Paints is trading at a premium of Rs 750-800 per share in the grey market,โ Narottam Dharawat, founder, Dharawat Securities told Financial Express Online. He added that there has only been a marginal downward movement in Indigo Paints despite the bearish sentiment on Dalal Street. โOverall, the listing of Indigo Paints should be good. The company profile is good and it has good growth potential. Such stocks with high growth visibility usually go good,โ he added while not ruling out some risks as the stock lists a day after the Union Budget.
Indigo Paints is the fifth largest decorative paints manufacturer in India. Indigo Paints has grown at a 42% CAGR over the financial year 2010 to 2019 against a 12-13% CAGR recorded by top four players. The decorative Paints industry is a Rs 40,300 crore industry, according to brokerage and research firm Motilal Oswal. The brokerage firm added that the industry is expected to grow at CAGR 13% between the Financial year 2019 and 2024. When compared to peers such as Asian Paints, Berger Paints, Nerolac, and Akzo, Indigo Paints displayed highest revenue CAGR over the fiscal years 2018-2020.
Key risks aligned with the company primarily stem from the highly competitive industry that it operates in. Indigo Paintsโ 46% revenue came from southern states which shows its high dependency on the region. Another risk that is associated with the stock is its association with crude oil. Fluctuations in Crude Oil could impact the firm.
โThe issue is valued at 11.3x FY20 Mcap/sales which is comparable to peers (APNT 12.3x; BRGR 11.8x). Hence we recommend Subscribe to the IPO from Long Term perspective,โ analysts at Motilal Oswal said. Further Indigo Paintsโ differentiated product portfolio and robust expansion plans are attractive from an investor point of view.
(The stock recommendations in this story are by the respective research and brokerage firms. Financial Express Online does not bear any responsibility for their investment advice. Please consult your investment advisor before investing.)