Too much being made of dismal IPO listings: V Bhanshali
Event Date: 12/9/2009
HTML clipboardToo much being made of dismal IPO listings: V Bhanshali
Chairman, Enam Securities, in an interview to CNBC-TV18 said that the market bias would remain positive given the mitigation of a drought risk, adding that the he did not see too much risk but only a 10-15% downside correction ahead. "It's a healthy market, allowing capital raising and growth, stability, consolidation and its essential to hope that a bull market comes"
On the recent NHPC and Adani Power IPO listings, Bhanshali said that the dismal performance of the listings were being hyped, adding there was enough money on the market, he said, "if you have invested in the power sector, whose story is for 15 years, its fate cannot be decided in 15 days."