Last financial years most rewarding IPOs included Happiest Minds, Chemcon Speciality Chemicals, Route Mobile, Burger King, Mrs. Bectors Food, Indigo Paints, Mtar Technologies, which doubled investors wealth on the listing day. The average listing gains from the IPOs of 2020 stood at 61 per cent, best since 2007.
DEEPAK JASANI, head of retail research at HDFC Securities tells
Saloni Goel in an interview that instead of falling for the name trap, investors must look for individual stocks whose prices are yet to reflect their growth potential fully. Edited excerpts:
The debate between growth and value stocks has rekindled. Which side are you leaning? Value stocks generally come back in favour when the economy or corporate revenue/profit growth slows down, while growth stocks remain in favour when the risk appetite globally is high. Hence, the fund flows into these stocks increase leading to their rerating. At times, however, both of these are in demand. This happens especially when the economy is rebounding from the low levels.