Moneycontrol PRO

Suryoday’s poor listing isn’t a surprise, but is it worth at this price?

The near-term weakness is an opportunity to gradually add Suryoday for the long term

March 30, 2021 / 04:45 PM IST
Suryoday’s poor listing isn’t a surprise, but is it worth at this price?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The weak listing of Suryoday Small Finance Bank (SFB, CMP: Rs 278) did not come as a surprise to us. Even before the subdued oversubscription (2.37 times), we had advised our investors that this is not a stock for listing gain but a business to own for the long term and should be added in the event of weakness in the secondary market. The stock listed at a discount of 4.4 per cent and had a weak day before closing...

  • PRO Panorama

    Moneycontrol Pro Panorama | Broking blues are around the corner

    Mar 29, 2023 / 02:30 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Fall in oil prices add to short position, vibrant domestic auto market brings c...

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender: Between the Fed and a hard place

    Mar 11, 2023 / 11:38 AM IST

    The Fed is caught between combating inflation and worries over a financial mishap

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers