Latent View Analytics IPO Shares Settle 148% Higher On The Listing Day

Latent View Analytics IPO shares on expected lines saw robust listing gains on November 23, 2021 and the scrip rallied up to day's high price of Rs. 548 per share on the NSE. At the close, the scrip of Latent View settled with gains to the tune of 148% at Rs. 488.75 per share.

Latent View Analytics IPO Shares Settle 148% Higher On The Listing Day

On the BSE, the scrip started trade at a price of Rs. 530, while on the NSE the opening price has been of Rs. 512.2, a considerable 160 percent over the issue price of Rs. 197 per share. This IPO listing kind of rekindled the D-street which turned lackluster after Paytm's weak debut.

"It is another stellar listing after a disappointment from Paytm that indicates the market is ready and has an appetite to reward quality IPOs. The Latent view is a data analytics company and this industry is likely to grow by 18-20 percent for the next 3 years," says Santosh Meena, Head of Research at Swastika Investmart.

For those investors who have been lucky enough to be allotted IPO shares of Latent View, analysts advise holding the stock for a longer term for reaping healthy returns. This is because of the following positives:

1. Data analytics has a high growth potential

2. Strong clientele base from Fortune 500 and quality corporate governance policies

3. Strong margins with more than 20 percent return on equity.

For the short term investors, analysts advice on booking profits either partially or wholly.

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