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Apart from Jio Financial, Power Finance Corporation, Indian Railway Finance Corporation, Macrotech Developers, Polycab India, REC, Shriram Finance, Union Bank of India, and Indian Overseas Bank are the others that may enter into the largecap category, according to Nuvama.
“The entire capital goods is one pack which looks very interesting to us. Hospitals is another segment which we are very positive about. Third sector is private sector banks where the valuations are at a multi-year low. ALso on the consumption side, we have been pitching for some of the discretionary names.”
“We really have a thriving ecosystem of entrepreneurship. So, any sector, when it comes to the limelight, you suddenly realise that there are hundreds of smaller companies which are already there doing stuff. It is just that now they are coming to a certain size and can go for IPOs.”
Retail investors should stick to the steady returns of mutual funds or listed stocks, instead of the quick gains from high-risk IPOs
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