Diginex Ltd. - DGNX

Quick Take

I don’t know about you, but pretty much every single name that was on my short list of companies to pursue has been clobbered over the last week. While an idea may seem like a no-brainer (at least to me) at, say, $25 a share, a sudden decline to $15 over a tumultuous few days is a reason at least to give one some pause.

Having watched this ongoing scenario play itself out on numerous occasions and having observed people plowing into names that wind up quickly retracing all of their volatility-driven losses, I maintain a profound dislike for pressing names in this type of an environment. So I find myself looking at some of the truly outstanding names that have just held up in this market like the champs that they truly must be.

Take shares of Diginex Limited (DGNX - $95), a January IPO brought to us by the folks over at Dominari Securities and Revere Securities (a couple of folks from my November 21st piece on “Underwriters to watch”). On April 2nd, Trump’s so-called “liberation day,” rather than getting crushed along with pretty much everything else, DGNX’s shares actually traded higher on the day, and that’s after the 2000% move they have already seen since first listing their shares in late January. Must be one simply spectacular company, right?