Brokerages back SBI Funds IPO, see strong long-term growth and listing upside
Brokerages have recommended subscribing to SBI Funds Management’s Rs 9,813 crore initial public offering (IPO), citing its market leadership, strong earnings growth, healthy return ratios and reasonable valuation relative to listed peers.
By ET Bureau |
Reuters
While most recommend the issue for long-term investors, some also see potential for listing gains.
Brokerages have recommended subscribing to SBI Funds Management’s Rs 9,813 crore initial public offering (IPO), citing its market leadership, strong earnings growth, healthy return ratios and reasonable valuation relative to listed peers. While most recommend the issue for long-term investors, some also see potential for listing gains.
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