18 top holdco shares gain 40% so far this year, twice that of Sensex
Last Updated on January 29, 2023 by Admin
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Holding company discount in India could narrow in the long-run, says HDFC Securities
Topics
HDFC Securities | Bajaj Auto
Samie Modak |
Last Updated at December 5, 2021 18:53 IST
Shares of several holding companies (holdcos) have rallied sharply this year amid overall buoyancy in the market. A holdco is a company that doesn’t conduct any business operations but holds stakes in other companies, typically belonging to the same group.
Shares of Bajaj Holdings & Investment, which holds stakes in firms such as Bajaj Auto and Bajaj Finserv, have rallied 75 per cent this year. Meanwhile, RPG Group holding companies — RPSG Ventures and STEL Holdings — have soared over 2.4x. The average gain posted by 18 leading holdcos this year is 40 per cent — …
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First Published: Sun, December 05 2021. 18:52 IST
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