Market strategist Sandip Sabharwal discussed Avenue Supermarts’ high valuations and potential consolidation. He noted Tata Capital IPO’s valuation is expensive despite a positive NBFC outlook. Sabharwal advised selectivity in real estate, favoring companies like DLF, and cautioned about oversupply risks in solar energy while seeing value in beaten-down IT stocks.
Central Bank’s OFS draws 1.28x subscription
The government’s offer to sell its stake in Central Bank of India saw strong investor interest. The two-day issue closed on Monday with an overall