
The IPO rush has delivered a mixed bag on Dalal Street, with Orient Cables emerging as the standout debutant after listing at a massive premium, while several other new listings struggled post-debut. In this conversation, Kranthi Bathini, Director of Research, WealthMills Securities, explains how investors should approach the latest crop of IPOs and newly listed stocks. Bathini says Orient Cables looks interesting, particularly amid the AI and data-centre boom and rising demand for optical fibre cables. However, he cautions investors against chasing momentum and IPO buzz without seeing actual business performance. He recommends waiting for one or two quarters of earnings and management updates before taking serious investment decisions. Bathini also highlights valuation, competitive advantages and the price investors are paying for growth as crucial factors when evaluating new-age listings.