IPO stock of 2022: Veranda Learning, a growth stock or value stock?

Shares of Veranda Learning are up by more than 155 per cent since its listing day and are seen trading higher by over 24 per cent in the past one month alone.   

The shares of Veranda Learning have outperformed the markets ever since it has been listed on the bourses in April this year. Its shares are up by more than 155 per cent since its listing day and are seen trading higher by over 24 per cent in the past one month alone.   

Looking at the current valuations, one may give this stock a miss as it looks like a highly-priced one. However, stocks are priced not based on historical performance but are always priced, taking into consideration the expected growth. With strong management and its ambitious goals, the company is expected to be on a fast growth trajectory. The bold management has already shown its investors that it is not shy about adopting inorganic growth strategies. Besides, Veranda Learning has already acquired some marquee names in the education sector.   

Anyone betting on the Indian online education and test preparation business cannot miss this stock. Whenever you are betting on any stock, you tend to bet on the quality of management and its ability to execute the vision & mission statement of the company. Also, when you look at the current valuation, it may appear like a high-growth stock; however, when you factor in the expected business and growth in earnings, the stocks may not seem expensive at all! 

Veranda Learning, through its services, is helping bridge the IT skills gap in India. The company’s mission is to make world-class education affordable to everyone irrespective of socio-economic status and location.   

Keep this trending stock from the education sector on your watchlist!