Thursday, October 8, 1998
Reliance: Positive anticipation
Even though the Reliance stock perked up a little on the eve of its first- half results, for the first time, there did not appear to be much of genuine market excitement over its expected performance.
Misplaced hopes
August's bit of good news on the export front is hardly any reason for optimism. To be sure, exports seem to be slowly but surely getting out of their despondency with each passing month.
Selling PSU equity
There is a jinx in the PSU disinvestment target.Yashwant Sinha is determined to hit the target of realising Rs 5,000 crore, if necessary by pricing PSU equity at market- clearing lows.
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