The jaw-dropping response to the initial public offering Finance (BHFL) may aid the recent rally seen in most of the shares of housing finance firms, albeit for a short term, according to analysts.
They advise investors to focus on the fundamentals of the individual companies and accumulate the shares on dips for long-term gains.
"The magnificent response to Bajaj Housing Finance's IPO is expected to create some shortterm buzz around related stocks.
In the long-term, however, it all boils down to fundamentals and earnings growth," said Kranthi Bathini, director-equity, WealthMills Securities.
He said most of the housing finance stocks were trading near their fair value. Lucrative returns, therefore, will be generated by the ones that can manage their margins and asset quality in a better way.
On the bourses, shares of housing finance companies have traded mixed since Bajaj Housing filed its draft red herring prospectus (DRHP) with the markets regulator Securities and Exchange Board of India (Sebi) on June 14, 2024.
Bu hikaye Business Standard dergisinin September 13, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin September 13, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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