Stocks to Buy: If you have not got shares in Bajaj Housing Finance’s IPO, then do not be disappointed. You still have many opportunities to earn in the stock market. Due to this IPO, the entire housing finance sector is excited and now market experts are also looking at this sector with a new perspective. They have mentioned many such shares, which can see a great boom due to Bajaj Housing Finance.
Rahul Arora of Nirmalbang Institutional Equities said that the valuation of the IPO is good. Even after listing, the stock can easily see a growth of 30-35 percent. Bajaj Housing Finance is listed on Monday, September 16. Market experts along with the grey market are also estimating the listing of this stock at a premium of about 100 percent. On listing, this stock will trade at 7 times its P/BV.
Rahul Arora believes that the entire BFSI sector is looking good now. Rahul also expects a growth of 20 percent in Repco Home Finance. Apart from this, he also sees a growth of more than 30 percent in Hudco shares. Muthoot Finance also looks promising to Rahul. He believes that at this time the entire NBFC sector is in high spirits with the help of Bajaj Finance.
Rahul Arora is of the opinion that after listing, Bajaj Housing Finance’s stock may trade sideways for some time, but on the basis of the good environment created by Bajaj, other good NBFC stocks may also see a strong rise. In such a situation, everyone should take a bath in the flowing Ganga.
In a conversation with our partner CNBC-Awaaz, when Rahul Arora was asked about his favorite stocks, he said that HUDCO is his favorite stock. It can rise by 25-30 percent from here. Rahul’s favorite stocks also include two auto ancillary stocks. One of these is SANSERA ENGG and the other is Suprajit Engineering. In auto OEM, Rahul likes Maruti and Eicher shares. In IT, he has described LTI Mindtree as his favorite pick.
When asked about the stock market movement, Rahul Arora said that the Indian economy is in a very good condition. The rupee is strong. Crude oil has declined. All these are good signs for India. Along with this, the process of reducing interest rates is also going to start in America. This may lead to the return of foreign investors to India, which can take the market to greater heights.
Gold may rise by 15%
However, along with shares, Rahul Arora has advised people to invest in gold as well. He says that the price of gold can increase by about 15 percent from here, which means it can become expensive. Rahul believes that the quick restaurant sector also looks good. 5-10 percent monthly growth is being seen in these. Shares of Westlife Food, Burger King and Jubilant Food look good. But investing in Jubilant Food would not be advisable right now. At the same time, investment can be made in the shares of Devyani and Sapphire.
Rahul further said that his firm has recently downgraded the entire defense sector. The rating of Balakrishna Industries shares has also been reduced. In such a situation, he will not advise people to invest in defense shares for some time.
Read this also- Bajaj Finance stock jumped 2% ahead of Bajaj Housing Finance’s listing, Bajaj Finserv touched a new 52-week high
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