Latent View Analytics joins for the 3rd consecutive day after listing

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The data analytics leader’s public issue was subscribed 326x. Strong management, no apple-to-apple peers and growing margins are the main drivers.

Latent View Analytics advanced Thursday for the third day in a row after its stellar stock exchange listing. The stock gained as much as 20% during the day to hit a high of 702.35 on BSE. The stock was up more than 256% from its 197 yen issue price due to the company’s strong fundamentals and strong investor appetite during the IPO.

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The share price has jumped more than three times since its IPO on November 23. The company also became the third best rookie of the year after Sigachi Industries and Paras Defense and Space Technologies, listed at 530 yen.

The data analytics leader’s public issue was subscribed 326x. Strong management, no apple-to-apple peers and growing margins are the main drivers.

However, retail investors should avoid stocks at current levels and should wait for next quarter results or significant declines to accumulate further, analysts said.

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Latent View Analytics serves clients in the United States, Europe, and Asia. The company recorded a profit of 91.46 crore in fiscal year 21, while the revenue was 305.88 crore. The company achieved 92.8% of its sales in the United States and 1.85% in the United Kingdom.

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