Company could outperform the industry in the December quarter.
Sequential performance likely to be weak.
EBITDA for Netweb was Rs 38.76 crore, up 23.9% year over year.
Subdued performance expected from the company.
Retail investors subscribed 12.77 times, non-institutional investors (NII) 14.68 times, and qualified institutional buyers (QIBs) 62% of the first day of the Nova Agritech IPO.
Standalone net profit for Q3FY24 shows a 7.6% YoY growth, reaching Rs 3,005
In terms of sectoral performance, all sectoral indices, except for pharma, displayed negative trends.
EPACK Durable aims to raise Rs 640 crore through its IPO
Recommendation: Buy; Target price: Rs 2792
Both retail and institutional investors showed a strong response to the OFS, has lead a positive market sentiment
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