Latent View Analytics and Paytm Continues Their Upsurge in Early Trade Today

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Latent View Analytics and Paytm Continues Their Upsurge in Early Trade Today

By Puneet Sikka

Investing.com -- Latent View Analytics Ltd (NS: LATN ) made its debut 2 days ago and it has continued its upsurge since then. At around 9.40 am today, the stock was hovering above the Rs 650 levels, more than triple its issue price of Rs 197. The IPO got the best ever subscription with a subscription of 326 times. The company is a leading player in the data analytics services market in India. Other than data and business analytics, the services provided by the company include various digital solutions.

The IPO contagion seems to have caught up with One 97 Communications Ltd (NS: PAYT ) as well. After a worse opening in which the stock plunged by 40% in the first two days, the stock has made a smart comeback and is currently trading above 1,800 levels. Although it is still trading at a discount from its issue price of Rs 2,150 per share, it has seen buying interest from FIIs (Foreign Institutional Investors) looking for bargain hunting at lower levels.

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