Latent View Analytics impressive run continues after listing
The share of Latent View Analytics has increased by 255 percent in just three days. After opening on November 23 at almost 200 percent above its issue price, it is showing tremendous growth so far. The stock hit an upper circuit of 20 percent on Thursday and stayed there for the whole day. On Thursday, the stock opened at Rs 615.15, while on Wednesday it closed at Rs 584.95.
The issue price was ₹ 197 and the listing was done at Rs 512. Latent View Analytics stock hit an upper circuit of 20 percent on 24 November and finally closed at Rs 584 95 paise. The stock of this global data and analytics company had shown a gain of 148 percent on 23 November. It opened at 512 and closed at Rs 488. On November 24, the share of Latent View opened at Rs 499. After opening, this stock continued to be bought throughout the day. It also saw tremendous buying on 25th November.
Why is this stock rising so fast?
Experts say that there is no problem in the financials of this stock. The business of the company is good and there is a lot of potential in this business in the future. Apart from this, the company has good and big clients, due to which this business of the company seems to be spreading more. This is the reason why even big investors are eager to buy in this stock.
Latent View deals in business analytics and provides advanced predictive analytics to its clients. It is one of the leading companies in data engineering globally. In the last 3 years, Latent View has worked with 30 companies that are part of Fortune 500 companies.
