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Small Cap Stocks Down Under 18 February 2022: IPD Group (ASX:IPG)
IPD: A niche way to play the EV space
In today’s edition of Small Cap Stocks Down Under, we look at IPD Group. This company only listed on the ASX just prior to Christmas and is sitting 13% up from its listing price. It is a provider of electrical services and distributor of electrical equipment including distribution boards, switchboard systems and power metres. We think this company is still more than reasonably priced and are bullish about the opportunities it will have in the future – particularly as electric vehicles become more and more common in Australia.
Click here to read the previous edition of Small Cap Stocks Down Under published 11 February 2022.