December 23, 1972 of an outlet for shares which a 'genuine' investor might like to unload. There is no jobbing; it is, therefore, extremely difficult to place, say 2,000 shares of a company unless LIC or UTI is in the market to buy them. If the portfolio composition of these institutions does not permit them to acquire an offering, the seller has no option.
Subscribers please login to access full text of the article.
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.
Comments
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.