Many investors have not got shares even after investing money in IPO. If you are also among them, then once again there is an opportunity to invest in some newly listed stocks.
IPO Investment Options: Once again there is a strong movement in the primary market. There has been discussion about the issue of insurance company LIC, now many companies are in the queue to be listed in the stock market. By the way, even after the volatility in the market this year, investors have got a decent response from the primary market. Whereas many IPOs that came in the year 2021 had made investors rich. Even investors’ money has doubled or tripled. However, many investors were left empty handed even after investing their money. That is, they did not get the share even after bidding. If you are also among them, then once again an investment opportunity has arisen. There are many stocks listed recently, which have the potential to give better returns even further. In some such stocks, brokerage house ICICI Securities has given buy advice. You too can earn money by investing in them.
Fino Payments Bank
Fino Payments Bank was listed on the stock market on 12 November 2021. It got listed at Rs 548 against the issue price of Rs 577. On the listing day, it closed at Rs 545 at a discount of about 6 percent. At present, this stock is down 57 percent from its issue price at Rs 250. Brokerage house ICICI Securities has given a target of Rs 450 while advising to buy in the stock. That is, it can get 80 percent return from the current price.
Sapphire Foods India
The stock of Sapphire Foods India was listed in the market on 18 November 2021. The stock was listed at Rs 1311 as against the issue price of Rs 1180. On the listing day, it gained 3 per cent to close at Rs 1216. At present, the share is at a price of Rs 1049, weakening 11 percent from the issue price. Brokerage house ICICI Securities has given a target of Rs 1700 while advising to buy in the stock. That is, it can get 62 percent return from the current price.
The share of Dodla Dairy was listed on the stock market on 28 June 2021. The issue price was Rs 428, while it was listed at Rs 550. On the listing day, it gained 42 percent and closed at Rs 609. Now the stock has come down to Rs 488. That is, close to the issue price. Brokerage house ICICI Securities has given a target of Rs 600 while advising to buy in the stock. That is, it can get 23 percent return from the current price.
The share of Paytm was listed on 18 November 2021. On the listing day, it closed at Rs 1564.15, down 27 per cent against the issue price of Rs 2150. Right now it is 71 percent weaker than the issue price at Rs 620. Brokerage house ICICI Securities has an investment advice in the stock with a target target of Rs 1285. In terms of current price of Rs 620, it can give more than 100% return.
Tatva Chintan Pharma
Brokerage house ICICI Securities is also positive on Tatva Chintan, which will be listed on 29 July 2021. The brokerage has given a buy advice giving a target of Rs 3000 in the stock. Presently the share is at Rs 2185. Compared to the issue price of Rs 1083, it has given a return of 102 percent.
(Disclaimer: The investment advice here is given by the brokerage house. This is not the personal view of Zee Business. Markets are risky, so take expert opinion before investing.)