INSUBCONTINENT EXCLUSIVE:
Veteran investor Shankar Sharma said he would stay away from the initial public offer (IPO) of state-run Life Insurance Corporation of India
government for pushing state-run corporations, particularly LIC to absorb the shortfall in their offerings, a claim which the life insurer
the government Rs 2.1 lakh crore revenue target to be raised from the sale of public assets and equity holdings in various public sector
enterprises.
Samir Arora, the Singapore-based fund manager and founder of Helios Capital, said though he was bullish on the market after the
corporate tax cut, that optimism has now tempered down.
In a major fiscal booster, last September, the had government slashed effective
corporate tax to 25.17 per cent inclusive of all cess and surcharges for domestic companies.
The current narrow market rally will continue,
Only 10-20 companies are running higher
stocks in the last three-four years where earnings were normal to good, say around 15 per cent, but the stock was appreciating 40-50 per
The big picture is that equity should have a high weight in your portfolio
and market participants have been batting for removal of the same.
Commenting on Vodafone Idea, Arora said the company can be given one more