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Of Analysis of IPOs Launched in 2018, Governments Effort to Boost Aviation Infrastructure and Key Stocks in Action Today
Fri, 22 Jun Pre-Open | Parth Parekh, TM Team

The returns from initial public offers (IPOs) launched in 2018 are mixed. Comparing the gain/ (loss) since the listing date as mentioned in the last column, seven stocks are in the negative territory. While, the rest are in the green zone.

Stocks such as Apollo Micro Systems and ICICI Securities are down 36% and 31% respectively since listing. While, stocks such as Mishra Dhatu Nigam and Bandhan Bank are up 53% and 44% respectively.

Returns IPOs have Generated for Investors in 2018
Sr.No.Company NameIssue PriceList PriceListing Gains/ (Losses)CMPChange Since
Listing Date
1Amber Enterprises India Ltd.859118037%96512%
2Apollo Micro Systems Ltd.27547874%177-36%
3Aster DM Healthcare Ltd.190182-4%174-8%
4Bandhan Bank Ltd.37548529%53944%
5Bharat Dynamics Ltd.428360-16%386-10%
6Galaxy Surfactants Ltd.148015203%1274-14%
7HG Infra Engineering Ltd.2702700%2856%
8Hindustan Aeronautics Ltd.12151169-4%924-24%
9ICICI Securities Ltd.520431-17%359-31%
10Indostar Capital Finance Ltd.5726005%560-2%
11Lemon Tree Hotels Ltd.566210%7433%
12Mishra Dhatu Nigam Ltd.9087-3%13853%
13Newgen Software Technologies Ltd.2452533%2502%
14Sandhar Technologies Ltd.3323454%39519%
Source: ACE Equity

Abundant liquidity in 2017, led to launch of a slew of IPOs. High liquidity, meant huge listing gains for the investors. However, the situation has changed a bit in 2018. With liquidity slowing down, the listing gains have reduced. And some of the stocks who gained on the listing day, have fallen sharply as of date. For eg: Apollo Micro Systems which gained 74% on the listing day, now is trading 36% below its listing price. It essentially means that the stock has corrected 65% from its peak high. This is scary.

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That is why we believe that investors should not get carried away by all this noise. We would like to point out that the discipline that one needs to follow when investing in listed stocks also applies to IPOs. That means investors need to judge the moat of the business, the sustainability of profits and management quality of the businesses offered through the IPO route. Just like they would do for companies whose stocks are already listed.

A merit-based selection primarily including valuation, business, and management quality is the logical way to go about investing in IPOs. If it means going against the herd, so be it. And going by recent past, this strategy has been proven to be successful more often than not.

To know more, download this FREE report now and discover How to Get Rich with IPOs. This guide will show you how to safely profit from the IPO rush.

Government Efforts to Boost Aviation Infrastructure

The government is looking at ways to build new airports, which include massive investment of around Rs 1 trillion and development of airports within smaller parcels of land.

This could be seen as a boost for airlines as it would open up new destinations for domestic carriers to fly to. Air travel has recorded double-digit growth for 40 consecutive months, thanks to low fares, the addition of new flights/destinations, and overall growth in the economy.

What's foreseeable for India's aviation traffic in 2018 is some pressure on the back of the consistent rise in crude oil prices. Earlier this month, Brent crude oil briefly breached US$80 per barrel and touched its highest level since December 2014. Crude prices have been driven up by production curbs in OPEC nations and Russia, as well as by robust demand on the back of healthy global economic growth.

Oil prices are closely monitored by the Indian air carriers, as aviation turbine fuel is their single largest input cost. A sharp rise in the cost of fuel puts pressure on margins, and consequently an increase in air fares.

Although air travel is becoming the new normal, investors need to understand the industry dynamics before buying up aviation stocks.

Key Stocks in Action Today

The stocks of Bank of Maharashtra, Gayatri Projects, Reliance Industries, Jindal Saw, Axiscades Engineering, Manpasand Beverages, Astral Polytechnik, Tata Communications are expected to be in the news today.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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