Titan rises to lifetime high, but valuation no longer cheap: Amit Jeswani
Titan trades at 65 times its estimated FY24 earnings, on the higher end of the valuation curve
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Titan trades at 65 times its estimated FY24 earnings, on the higher end of the valuation curve
Ideaforge drew a rousing response from Dalal Street, mainly due to its leadership of the countrys unmanned aircraft systems (UAS) market and also as it has no listed competitors as yet.
The grey market indicates a huge demand for IdeaForge Technology. The share traded with 75 percent premium in the grey market over the issue price, analysts said
Among sectors, Power, Oil & Gas and Realty were up 2 percent each, while Auto and Healthcare added 1 percent each.
"While drones are majorly used in commercial, military and agricultural applications, they are an expensive device to own. InsideFPV, with its innovative technology, aims to bridge this gap by offering one of its kind Plug and Fly FPV (First Person View) feature-rich drones to the consumers at an affordable price point," the company said.