In today’s briefing:
- Indegene IPO – Marquee Clients, Strong Track Record, Decent Valuation
- EQD | The NIFTY May Be About to Start A Come Down
Indegene IPO – Marquee Clients, Strong Track Record, Decent Valuation
- Indegene Limited (1864095D IN) is looking to raise US$220m in its India IPO, via selling a mix of primary and secondary shares.
- Indegene is a “digital-first” commercialisation firm with an exclusive focus on the global life sciences industry.
- In this note, we will look at peers and discuss our thoughts on valuation.
EQD | The NIFTY May Be About to Start A Come Down
- The NIFTY Index kept rising for the past few months but has stalled its advance since March. It may be about to pullback and lose some gains, in May.
- The index is currently up 2 weeks in a row, not yet strongly overbought but our model say that from a time perspective it could start to pullback next week.
- If the index does not start to pullback soon, it could rally for another 2-3 weeks.
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