Indo Farm Equipment share price jumps 10% after listing below estimates. Should you buy amid HMPV virus fear?
Live MintIndo Farm Equipment share price: Missing the market estimates, Indo Farm Equipment shares got listed on the BSE and the NSE at around 19 per cent premium. According to stock market experts, Indo Farm Equipment's share price has been listed below the market estimates due to the fear of reported HMPV virus cases in India. Indo Farm Equipment share price outlook Speaking on the outlook of Indo Farm Equipment shares, Arun Kejriwal, Founder of Kejriwal Research and Investment Services, said, “The stock has listed below market estimates as the market was expecting around 40 per cent listing gain for the lucky allottees. However, due to the sharp selling in the Indian stock market on Monday due to fears of the HMPV virus, Indo Farm Equipment shares are listed below the market estimates.