
Thursday, October 8, 1998
SEBI set to probe Monday market fall; seeks details on large trades
The Securities & Exchange Board of India (SEBI) will probe the mayhem at the markets on Monday and ascertain the role of a bear cartel in pulling down the Sensex by 224 points.
Market undervalues FI stocks on NPL fears
The bear hammering in counters like IDBI and ICICI on fears of mounting non-performing loans (NPLs) has resulted in these stocks being quoted at a steep discount to their book values. Consider this.
Open offer for Hinditron Informatics unlikely to find many takers
The shareholders of Hinditron Informatics are likely to give a thumbs down to the open offer by Embtech Holding Ltd of Mauritius as the scrip is trading at a 95% premium to the offer price of Rs 8. However, the market, it seems, is upbeat on the Hinditron scrip.
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