Letters: Leverage the market mood

This refers to the report “Govt lines up divestment in 3 miners to rake in Rs 10,000 crore” (8th September). The finance ministry has finally started its disinvestment programme in public sector undertakings. Unlike the last year, the government should be able to meet its target owing to improved sentiments among investors. Also, buying these stocks could be a good deal for investors, given that public sector companies pay good dividends that will, in turn, act as an additional source of income for the government. The government should make the most of the upbeat mood in equity markets owing to the news about euro zone’s rescue plan.

Bhushan Orpe Thane

Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
E-mail: letters@bsmail.in
All letters must have a postal address and telephone number