Latent View zooms 160% above offer price on exchange debut

New Delhi : Nov 23, 2009 - Latent View Analyticss exchange debut was a success, with its price rising 160% above the offer price TuesdayIt debuted on NSE at Rs.

512.20, against Rs.197 as its offer price.The closing price was Rs 487.95 and the intraday peak reached Rs 548 According to reports, the initial public offering of the company (IPO) was oversubscribed by more than 300 people.Parth Nyati (Founder of Tradingo) stated that investors who received the allotment could put a stop-loss of Rs.450 on the stock and keep it with a long term view.New investors would need to look for dips to purchase the stock.

It is unique in that it has been listed on the Indian stock exchange without any apple-to-apple peers.Nyati said that it has an advantage of being the first to move, which is supported by solid management and strong fundamentals with growing margins.

Nyati stated that there were risks to its revenue concentration, and growth, as the latter has been slow over the past three years.Santosh Meena Head of Research at Swastika Investmart said that this listing is yet another great one after Paytms disappointment.

This shows that the market has a willingness to invest in quality IPOs and is willing to do so.Latent View, a data analytics firm, is expected to see a growth of 18-20% over the next three-years.Important to remember that Latent Views listing on an exchange comes just as One97 Communications Paytm shares dropped around 35% during its first session.

Paytm shares recovered about 10% of their value Tuesday.ad/sn/ar #View #zooms #exchange #debut #Delhi #StockExchange #SenSex #Nifty #India #Economy .