When India is rising there remain some checks and balances.
The success story of India has attracted lots of investors from India and abroad. But all of them may not have come here to join the development process. Some have the urgency to produce money from this 'band wagon' and leave.
This was evident when in the recent I.P.O. launch, some Cos. were seen to over value their IPO valuation in a boom market. The result was seen out right that the market could not sustain the price level when the issues were launched in the Stock Market. Some had to even withdraw their issue seriously impacting the sentiments of the retail investors.
Had the Merchant Bankers properly advised their customers at the time of fixing prices of the issues, these might not happened. Now the overall sentiment of the market is bearish and may not turn positive if not some major events occur.May a good budget do that ?
Everybody suffered but the plight of common investors was very gloomy. Their dream has been shattered and they may not dare to visit Stock market in near future. This was a major fault on behalf of all the stake holders. The Media created the hype which was basically unjust.
How can we minimize the Scams ? A strict market discipline is the answer. Who ever is to participate in development of this country, should be prudent enough to speak of development which is sustainable.We should remember that ultimately they will win who keep promises. Thanks.
