Gland Pharma gets listed; Anil Singhvi decodes the investment strategy for investors
Gland Pharma has been listed today and the stock was trading around Rs 1806.95 on NSE at 10:10 pm, up by over 5.6 per cent. Zee Business Managing Editor Anil Singhvi explains what investors can look forward to
Gland Pharma has been listed today and the stock was trading around Rs 1806.95 on NSE at 10:10 pm, up by over 5.6 per cent. Zee Business Managing Editor Anil Singhvi explains what investors can look forward to.
The Market Guru said that the Gland Pharma stock is an investment which should not be looked at as a 1-day stock. He said that the valuations are quite reasonable in comparison to other pharma stocks.
Check Gland Pharma listing tweet below:
#BreakingNews | इश्यू प्राइस ₹1,500 के मुकाबले ₹1,701 पर लिस्ट हुआ ग्लैंड फार्मा
#GlandPharma #IPO #NewListing @AnilSinghvi_ pic.twitter.com/UBi89dTNWF
— Zee Business (@ZeeBusiness) November 20, 2020
The company has a tie-up with Pfizer and BioNTech which are in the process of making coronavirus vaccine. The business is quite good.
Watch Zee Business Tweet Video Below:
ग्लैंड फार्मा की लिस्टिंग आज...
अनिल सिंघवी- ₹1550-1600 के बीच लिस्टिंग संभव, ज्यादा जोखिम लेने वाले लंबी अवधि के निवेशकों के लिए शेयर... शॉर्ट टर्म निवेशक IPO प्राइस पर स्टॉपलॉस लगाएं और अपना कैपिटल बचाएं#EditorsTake #GlandPharma #NewListing @AnilSinghvi_ pic.twitter.com/G2pXquqSQ7
— Zee Business (@ZeeBusiness) November 20, 2020
However, the parent is a Chinese company Fosun. The company had Indian Parents two years ago, he revealed. The Chinese parentage poses some risks for the investors as the investments or business may suffer if the relations between the two countries sour. There is a geo-political risk attached to this company.
Zee Business had earlier advised the investors to not invest in the share solely with the purpose of listing gains.
The shares were subscribed 2.06 time. The issue price was Rs 1,500 per share. He said that this stock is institutional. This is for the institutional investors as they know when to enter and exit. This investment is more suitable for high risk investors, the Market Guru said.
It will be interesting to see if big investors come and there are chances that there will be interest in this stock.
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The response has not been that great from the retail investors, he said.
12:35 PM IST