The much-awaited Tata Capital IPO is expected to hit the market in late September. With a reported size of Rs 17,200 crore, it will be one of the largest IPOs in India’s financial sector and is likely to value the non-banking financial company (NBFC) at around $11 billion. If all goes as planned, the Tata Group company will make its stock market debut in the last week of this month.
“They can become sector-heavy (e.g., overweight IT or BFSI), which increases concentration risk,” says Jha.
• “Also software tools (like Bloomberg, TradingView, Screener.in) add convenience, but disciplined use of fundamentals + technicals can also guide investors,” says Jha.
“Investors don’t necessarily need complex software basic readings work,” says Jha.
Momentum investing isn’t about chasing random highs. It’s about recognising when fundamentals + sentiment + trend align to justify further upside. “Retail investors must couple basic valuation checks with an awareness of market psychology—and avoid confusing ‘hype’ with ‘momentum’,” says Jha.
“The rule of thumb is if earnings don’t catch up with price, it’s likely sentiment,” says Jha.
“Look for a strong earnings growth,” says Ranjit Jha, MD and CEO, Rurash Financials. This means look for companies consistently delivering double-digit growth in revenue and profits.
Jha also feels that companies that have sector leadership will soar even if the equity prices are at high levels. “Market leaders with competitive moats often justify higher valuations. This means stocks that enjoy a monopoly or duopoly in their respective segment,” he says.