Can HDB Financial Services maintain its momentum after a strong IPO listing?

HDB Financial Services debuted strongly on the NSE at ₹835, a 13% premium over its IPO price. Despite closing slightly higher at ₹840.25, analysts suggest current investors hold for the long term, while new investors await dips due to concerns about FY25 performance. The IPO, heavily subscribed and backed by HDFC Bank, marks a significant event in the NBFC sector.