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Samir Arora of Helios Capital discusses the Indian market, noting IPOs trading below issue price and block deals. He believes market strength drives selling, not the reverse, and sees limited logic for significant market gains beyond 10-15%. Arora emphasizes bottom-up stock picking, seeking companies with strong earnings growth amidst a moderately positive economic backdrop, focusing on sectors with less disruption.
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China is very good. As an investment, it is very good. We used to have 4-5% in China when we had 75% in US. Now our China goal is to have 15% and we are at some 12 odd percent. It is the tech stocks.
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On its second day, Oswal Pumps' Rs 1,387 crore IPO saw 36% subscription by 10:44 a.m., driven by strong interest from retail and non-institutional investors. The IPO includes a fresh issue and an offer for sale, with the company raising Rs 416 crore from anchor investors.
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