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After Vijaya Diagnostic’s tepid IPO, can strong financials and regional presence lift it up?

Vijaya Diagnostics via Facebook


A sluggish sentiment that affected some recent public issues seems to have rubbed off on Vijaya Diagnostic. However, what works for it is its strong consumer connect in South India, steady cash flow, robust financials, and not to mention the promising outlook for healthcare industry. These factors make it a good buy for the long term.

It’s raining IPOs this year. The primary market has been buzzing, with benchmark indices touching new highs. While many public issues are lined up for launch in the coming months, the excitement around IPOs has fizzled out a bit recently. Hyderabad-based Vijaya Diagnostic Centre’s IPO is the latest example of this. Despite robust business performance and the growing diagnostics industry in India, the company’s INR1,894 crore IPO was subscribed

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