Samir Arora of Helios Capital discusses the Indian market, noting IPOs trading below issue price and block deals. He believes market strength drives selling, not the reverse, and sees limited logic for significant market gains beyond 10-15%. Arora emphasizes bottom-up stock picking, seeking companies with strong earnings growth amidst a moderately positive economic backdrop, focusing on sectors with less disruption.
Shanti Gold IPO subscribed 2.25x on Day 2; should you apply? Check GMP, review, and more
The Shanti Gold IPO is priced in the range of Rs 189 to Rs 199 per share, with a minimum application size of 75 shares