Buy These Stocks On Corrections, Says iThought’s Shyam Sekhar
A good time for bargain hunters.
Initial public offerings, which have come to the market recently, can be interesting investing opportunities in the current volatile market, according to Shyam Sekhar of iThought.
These IPOs (those which have come out over last one year) were not priced at a valuation which is favourable to the investors, Sekhar, chief ideator and founder of the financial advisory firm, told BloombergQuint in an interview. “Investors can look at buying them later at much more favourable valuations,” he added.
Companies have raised over Rs 23,000 crore via IPOs so far this year. Some of the big ones to hit the market during this period included ICICI Securities, Bandhan Bank, Sandhar Technologies, Lemon Tree Hotels and some of the government-owned companies, including Hindustan Aeronautics Ltd., RITES Ltd. and Mishra Dhatu Nigam Ltd.
Watch the full interaction here: