Key Points
At the kind of valuation the market is giving to these companies, these companies will need quite some time to match it or they will consolidate..
I am not saying the prices will fall very rapidly or something is wrong in these companies, but we find that there are better risk reward opportunities..
As a value investor who does not pay a high price for high growth but rather want to go for valuation comfort and reasonable growth are you finding it difficult to look for stock ideas in this kind of market?..
Aveek Mitra: In some of the names, what we find is the kind of expansions they are planning and I also found that some of the promoters are consolidating their businesses and putting it under one umbrella rather than putting it under different things because now everybody is looking into the market cap..
Number one is that we find the long-term story is intact and it has been told umpteen times by many people and secondly, it is very commonly known that the flows will remain intact because the Indian investors or Indian savings fraternity has made it a point that they will shift out from all asset classes and move into equities...
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I see greater opportunity in largecap banks rather than chasing IPOs at high prices: Hemang Jani
30, Nov, 23“Typically when we see this kind of an exuberance and when the IPO listing happens at a much higher price than what people would have thought, this kind of a momentum is not great news for people who are looking to buy into the market having some sort of a missed out feeling. I would certainly say that let us not get too gung-ho on what is happening in the IPO market.”