by DOMS Industries Ltd Share Price: Companies whose IPOs have performed brilliantly in the stock market. Domes Industries Limited is one of them. The company’s share price rose by 5 percent on Monday. Experts seem to be bullish on this stock. The brokerage has given it a buy tag.
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52 week peak has been reached
Shares of the company opened at Rs 2255.05 on Monday. The share price of the company has seen an increase of 5 percent. After this surge, the company’s share price on BSE was Rs. It touched an intra-day high of 2367.50. The share price of this company has increased by 75 percent in the last 6 months.
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How much target price does the brokerage offer?
According to a CNBC TV18 report, brokerage firm Axis Securities has set a price target of Rs 2670. This target price is 20 percent higher than the current level. The brokerage firm has given the stock a ‘Buy’ tag.
The brokerage estimates that revenue, EBIRDA and CAGR could be seen at 25 per cent, 26 per cent and 28 per cent respectively during the years 2024 to 2027.
200% increase in IPO price
The company’s IPO came last year. The company was listed in December. The price band of this company’s IPO was Rs 790. Since then, the company’s share price has seen an increase of more than 200 percent.
The share of promoters in this company is about 75 percent. SBI Mutual Funds also has a stake in the company. As of the March quarter, SBI Mutual Fund’s total stake in the company was 7.1 percent.
