In August, the primary market maintained strong momentum with 10 IPOs raising nearly Rs 17,000 crore, the highest monthly total this year. This surpassed February’s Rs 7,500 crore and July’s Rs 5,063 crore. Notable new-age companies like Ola Electric, Unicommerce, and Brainbees Solutions debuted, with Ola Electric raising Rs 6,145 crore. Despite mixed demand, the stock’s listing performance was underwhelming.
Gautam Duggad sees PE re-rating potential in 2 sectors; likes largecaps & may raise weight in Reliance
Gautam Duggal, Head of Research at Motilal Oswal, sees limited PE re-rating potential, primarily in large-cap financials and capital market stocks. He favors earnings visibility
December 23, 2024