Investors should be careful while subscribing to IPOs: Deepak Jasani

The large liquidity sloshing around and the listing gains of past IPOs are the key reasons for the IPO market doing well

DEEPAK JASANI, head of retail research at HDFC Securities tells Saloni Goel in an interview that instead of falling for the name trap, investors must look for individual stocks whose prices are yet to reflect their growth potential fully. Edited excerpts:

The debate between growth and value stocks has rekindled. Which side are you leaning?

Value stocks generally come back in favour when the economy or corporate revenue/profit growth slows down, while growth stocks remain in favour when the risk appetite globally is high. Hence, the fund flows into these stocks increase leading to their rerating.  At times, however, both