Campus Activewear co-listed today. Experts expect the “positive” to appear for the first time
Campus Activewear Share List: Campus Activewear shares will hit the secondary market today. According to the information available on the BSE website, the date of listing of Campus Activewear IPO is May 9, 2022 and the ownership shares of Campus Activewear Limited will be listed and accepted for trading on Indian stock exchanges today. Campus Activewear’s shares will be listed in a Group B list of securities. According to market watchers, Campus Activewear stock price is trading at a premium of R47 in the gray market today.
According to stock market experts, a lot will depend on how Dalal Street feels. They said the Indian stock market was reeling under selling pressure and the market sentiment remained negative for about a week. However, they emphasized that the Campus Activewear stake would have a “positive” appearance despite the weak stock market. Market experts went on to add that in the case of bulls, Campus Activewear stocks may be included in a range R335 to R345 While in the case of bears, you may open in a range R315 to R322 per share.
Speaking of the Campus Activewear IPO listing, Ravi Singhal, Vice Chairman of GCL Securities, said, “A lot will depend on the market mood. If the market opens in positive territory, in which case we can expect the Campus Activewear stock to be listed soon. R335 to R345 levels per level while in the case of passive opening, it may be inserted around R315 to R322. Therefore, I would expect the stock to be listed at a premium of about 10 percent in the case of bears and in the case of bulls, the stock might be listed at about 18-20 percent of the premium.”
Expecting the Campus Activewear stock to turn out positively, Manoj Dalmia, founder and CEO of Profect Equities Private Limited said, “The footwear brand Campus Activewear has received a good response from investors during its subscription period. The company has a monopoly on branded athletic shoes and sneakers in India. During the pandemic also, It has maintained its operations at aggregate levels and is now poised for a good expansion.According to the offering documents, Bata India and Relaxo as its listed peers have shown themselves at the PE multiple of 366.72 and 101.65 while Campus Activewear stands at the PE multiple of 78.49.Therefore, we expect a positive opening for Campus Activewear shares. .”
Avinash Gurashkar, Head of Research at Profects Securities, said: “The IPO of Campus Activewear has been good for both short-term and long-term investors. As market sentiment has subsided, it may not give a huge premium, but it could have a positive opening. And one short-term investor should hold the stock for a few weeks to maximize the listing premium.”
Not giving an opinion: The opinions and recommendations above are those of individual analysts or brokerages and are not issued by the mint.