Should You Apply ICICI Prudential AMC IPO Or Not? Here’s What the Experts Say
Are you still hesitating to click the Apply button for the ICICI Prudential AMC IPO? According to the stock market experts, the answer is clear , just do it! Mehta Equities, Anand Rathi, and other top brokerages have all issued a strong ‘Subscribe’ recommendation due to the company’s excellent financials, a well-established brand, and the overall growth of the industry.
Mehta Equities advocates a long-term subscribe and points out that the company’s revenue growth is impressive and PE is 33x, which is justified by the company’s digital-leading position. Anand Rathi recommends a medium-to-long-term subscribe and mentions the company’s strong market share and profitability compared to competitors like HDFC AMC and Nippon AMC. Other brokerages such as Adroit, Arihant, Sharekhan, and Swastika also support the IPO.