Markets may recover on Monday
Mumbai: Despite the looming concerns over war on Iraq, the market may stage a recovery on Monday, as investors may shift emphasis to optimism that an investor-friendly Budget is forthcoming. Cautiousness will still be the undertone though, as a result of the US hard-line policy on Iraq.
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FIs crawl out of K10 stocks — Retail investors, who bought them, burn their fingers
Mumbai: FinanciaI institutions seem to have successfully offloaded their holdings in the scam-tainted K10 stocks to the general public. Almost two years after the Ketan Parekh stock scam broke out in early March 2001,an analysis of the shareholding pattern of K10 - the 10 stocks of Ketan Parekh's liking - shows that the general public has lapped up shares of these companies even after the scam broke, which were being desperately offloaded by the institutions.
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Crisil affirms `AAA' to NTC's Rs 200-cr bonds
Mumbai: Crisil has reaffirmed the National Textile Corporation Ltd's (NTC) Rs 200-crore redeemable non-convertible bonds an AAA (so) rating on the basis of the strength of the unconditional and irrevocable guarantee provided by the Union Government and the payment structure designed to ensure full and timely payment to investors.
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Punjab Tractors: Divestment to drive up
New Delhi: Punjab Tractors could attract some market attention with positive development on the disinvestment front. Reports that the Punjab government would invite pre-qualification tenders for selling its stake in Punjab Tractors this week could spark some market interest in the stock.
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