Promoter holding of BSE 500 stocks stood at 51.98% for quater - TopicsExpress



          

Promoter holding of BSE 500 stocks stood at 51.98% for quater ended Sep-13 largely due to buybacks and acuisitions. FII shareholding in Nifty companies also rose to 21.59%. Low valuations and prices trading at multi-year lows encouraged promoters & FIIs to increase their holdings which now stand at all time highs. (source: BSLAMC) My Opinion: Though valuation were cheap @ 5300 nifty levels but they are not cheap but in fair value Zone @ 6300 nifty levels.. But Every Dip will give a Buying Oppertunity in select shares hence traders & investors both will have a wonderful time year ahead & accumulation Zone till election.. one must make maximum use of this oppertunity..
Posted on: Thu, 07 Nov 2013 11:03:29 +0000

Trending Topics



Recently Viewed Topics




© 2015