Cams, Chemcon listing: Anil Singhvi reveals powerful portfolio moves for investors
There is a lot of action in the Initial Public Offering (IPO) segment as the issue of three companies will be closing today while two other companies will be listed. Zee Business Managing Editor Anil Singhvi gives his take about the listing of these two IPOs. See here!
Singhvi said that both the IPOs are expected to have bumper listings today. On the listing of Computer Age Management Services (CAMS), the Market Guru said that it was his favourite stock and is worth including in the portfolio. He said that the listing will not be doubled, like what has been happening in the recent times but this stock is a must for investors.
Watch Zee Business Tweet Video Below:
CAMS की लिस्टिंग होगी शानदार ...
अनिल सिंघवी- ₹1600-1650 के बीच CAMS की लिस्टिंग संभव...
— Zee Business (@ZeeBusiness) October 1, 2020
Likening it to stocks like BSE, MCX and CDSL, the Managing Editor said that it was a good portfolio stock. This company caters to the Mutual Fund sector and this sector is likely to grow, going forward. He said that the valuations are quite reasonable. He expected the listing to be between Rs 1600 and Rs 1650.
Another stock which will be listed is Chemcon Speciality Chemicals. Singhvi said that the listing will be bumper and the stock price may double. Zee Business had earlier recommended that this stock should be bought only for getting listing gains and short term traders who want to take risk should go for the stock.
He said that there is not so much comfort if one looks at the company and the channel had discussed various data pertaining to the company. He said that this was the reason why he had advised to take advantage of the listing gains in the particular IPO. The stocks is likely to be listed around Rs 675-Rs 725,he further said.
See Zee Business Live TV Streaming Below:
In terms of listing gains Chemcon will earn more money in comparison to CAMS, the Market Guru opined.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.