Market Sentiment Remains Robust Amidst Fresh IPOs: Anand Tandon
Anand Tandon shares his insights on the current market sentiment, IPOs, and sectors to watch out for.
IposMarket SentimentSwiggyHyundaiReal EstateGold PriceReal Estate NewsSep 26, 2024
In an interview, Tandon stated that the market's ability to absorb fresh IPOs is both good and bad. On one hand, it reflects the market's robust sentiment, and on the other hand, it takes away some pressure from the secondary market.
Tandon believes that the investment bankers are making a strong case for both Swiggy and Hyundai. Swiggy, with its robust growth and large white space, is likely to continue its upward trajectory. However, the company faces challenges in terms of differentiation and execution. Hyundai, with its established base and strong product profile, is a steady bet.
The market's buoyancy has also given a leg up to market-related entities such as MCX, BSE, and Zerodha. Tandon cautions that the brokerage business is cyclical and that existing players may face challenges from new entrants.
Tandon also shared his views on the real estate sector, which has seen a significant run-up in recent times. He believes that the sector is in a mature phase of its cycle and that demand may take a while to catch up with prices. Instead of looking at realtors, Tandon suggests looking at niche segments or housing finance companies.
In terms of sectors to watch out for, Tandon believes that private sector banks have underperformed and may see some upside. He also suggests looking at government action and announcements that can create excitement in the market.
On the gold price spiking, Tandon believes that central banks will continue to buy gold as a hedge against weak currencies. He suggests playing gold through gold miners or internationally listed ETFs.
Overall, Tandon's views provide a nuanced perspective on the current market sentiment and sectors to watch out for.
Hyundai Motor India Limited is a wholly-owned subsidiary of Hyundai Motor Company, South Korea. It is one of the largest passenger car exporters in India and has a wide range of products, including the popular models such as Grand i10, Elite i20, Creta, and Venue.
Swiggy is an Indian food delivery company founded in 2014. It has become one of the largest food delivery platforms in the country, with a presence in over 500 cities.
Zerodha is an Indian financial services company that offers brokerage, investment, and other financial services. It is one of the largest discount brokerages in the country.
Multi Commodity Exchange of India Limited (MCX) is an Indian commodity exchange that offers trading in various commodities, including bullion, energy, and agricultural products.
BSE Limited (formerly known as Bombay Stock Exchange) is an Indian stock exchange that offers trading in various securities, including equities, derivatives, and mutual funds
Housing Development Finance Corporation Limited (HDFC) is an Indian financial services company that offers housing finance, banking, and other financial services.
Frequently Asked Questions
What is Anand Tandon's view on the current market sentiment?
Anand Tandon believes that the market's ability to absorb fresh IPOs is both good and bad. On one hand, it reflects the market's robust sentiment, and on the other hand, it takes away some pressure from the secondary market.
What are the prospects of Swiggy and Hyundai IPOs?
Tandon believes that the investment bankers are making a strong case for both Swiggy and Hyundai. Swiggy, with its robust growth and large white space, is likely to continue its upward trajectory. However, the company faces challenges in terms of differentiation and execution.
What is Tandon's view on the real estate sector?
Tandon believes that the sector is in a mature phase of its cycle and that demand may take a while to catch up with prices. Instead of looking at realtors, Tandon suggests looking at niche segments or housing finance companies.
What are the sectors to watch out for, according to Tandon?
Tandon believes that private sector banks have underperformed and may see some upside. He also suggests looking at government action and announcements that can create excitement in the market.
What is Tandon's view on the gold price spiking?
Tandon believes that central banks will continue to buy gold as a hedge against weak currencies. He suggests playing gold through gold miners or internationally listed ETFs.
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