Top market voices on Tata Steel rally, ongoing IPOs, retail picks and more

SUMMARY

Here is what market gurus and industry captains said about Tata Steel, IPOs, metals, and more on August 16.

By CNBCTV18.comAug 16, 2021 6:17:12 PM IST (Published)

On Tata Steel | Sanjiv Bhasin, Director, IIFL Securities: You will have to be very brave to buy Tata Steel at Rs 1,500 but we are holding onto our positions, we are trimming our position in Tata Steel and Hindalco – those have been two of our big plays. We don’t have to delve into other names, we want to stay three.

On IPOs | Samir Arora, founder and fund manager, Helios Capital: We want to dabble at the initial public offering (IPO) price and not the post-listing price because it is another 20-30-40 percent higher. So, with great difficulty in some cases, we may reconcile that the IPO price is quite okay. But then, if you are not getting it at the IPO price, and getting it 30 percent higher, then what's the point? The same thing happened for Zomato. We would have bought at Rs 90-95 and then it opened at Rs 120. So we had actually put a normal bid in the IPO for $50-70 million, but what is the use? You get $1 million. We sold that also and moved on in life.