The fintech firm from the insurance industry space hit a fresh high of Rs 1,470 son after its listing on 17 November 2021 but failed to keep the momentum going. The stock closed at Rs 577 on 16 August, a downside of over 60 per cent.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South