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“During the last decade, they grew at 35% while all the other banks ICICI, Axis grew at 15%. The differential was almost 20-25%. Now even the Axis and ICICI of the world are growing at 20% and Bajaj Finance is growing at 25%. So I will not want to pay significantly higher multiples for this company versus the others.”

Prince Pipes & Fittings, incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 6489.96 Crore) operating in Plastics sector.

The stock quoted a 52-week high price of Rs 7377.6 and a 52-week low of Rs 4299.8.

He said setting right expectations, being transparent and not overselling are great ways to reduce the volatility of the stock price pre and post-IPO. "Doing this well can make shareholders feel like owners & help reduce customer acquisition costs, the biggest cost for B2C businesses."

Corporate bond issuance could have come to a halt for the next two weeks as the government upgrades an online portal used by companies to file regulatory disclosures, merchant bankers had said.

On the technical charts, the RSI of the stock stood at 40.01.

The stock quoted a 52-week high of Rs 115.0 and a 52-week low of Rs 62.29.

The company is also foraying into the high-growth particle board market in Q4FY24 with modern machinery to meet the rising demand from furniture OEMs.

A total of 214,852 shares changed hands on the counter till time (IST).

Analysts say auto demand is recovering from its worst slowdown in decades, and they expect 12-18% volume CAGR for passenger vehicles, two-wheelers, and trucks over FY23-25E. Strong top-line growth with improving margins should fuel double-digit EPS CAGR for most OEMs, the report said.