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News | September 15

Vijaya Diagnostic shares may have a subdued listing, experts believe

Vijaya Diagnostic IPO listing date: Due to higher valuations and dizzy response from the investors, Vijaya Diagnostic shares may have a subdued listing at Indian markets, say experts

Vijaya Diagnostic IPO listing date: Listing of Vijaya Diagnostic shares at Indian bourses is today i.e. 14th September 2021. According to market experts, due to higher valuations and dizzy response from the investors, Vijaya Diagnostic shares may have a subdued listing at Indian markets. However, they maintained that company`s financials are quite strong as Vijaya Diagnostic Center has commendable performance which is reflected from its top and bottom line growth.

Expecting subdued listing of Vijaya Diagnostic shares; Ravi Singhal. Vice Chairman at GCL Securities said, "Vijaya Diagnostic shares may have a subdued debut at Indian markets today. It may list at around ₹505 to ₹540 — depending upon the market mood as world stock markets edged lower on Monday on inflation worries."

Expecting muted gains from Vijaya Diagnostic share listing; Nitin Shahi, Executive Director at Findoc Financial Services Group said, "Vijaya Diagnostic IPO listing gains are expected to be muted. It may open in the range of 2-5 per cent premium to its issue price. For long term perspective, Sector is expected to grow at a decent pace. So, one can hold the stock for medium to long term time-horizon."

Source livemint.com

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