NDA's overwhelming victory will infuse life into a moribund primary market with analysts anticipating a flurry of new issues in the second half of the current financial year. At least a dozen companies, including BSE, GMR Airport, Shemaroo Entertainment, Bharat Matrimony and some state-owned undertakings are planning to launch public offers in the next six months, bankers told ET.
"A stable government, coupled with signals of measures to control inflation, will result in a stronger economic outlook for the country. I expect quite a bit of activity in the next few months," said Rajendra Naik, executive director, Centrum CapitalBSE -1.79 %.
In the financial year ended March 31, just about Rs 1,205 crore was mobilised in the primary equity market through 38 issues, against Rs 6,497 crore in 2012-13 raised by 33 companies.
17/05/14 Rajesh Mascarenhas/Economic Times
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"A stable government, coupled with signals of measures to control inflation, will result in a stronger economic outlook for the country. I expect quite a bit of activity in the next few months," said Rajendra Naik, executive director, Centrum CapitalBSE -1.79 %.
In the financial year ended March 31, just about Rs 1,205 crore was mobilised in the primary equity market through 38 issues, against Rs 6,497 crore in 2012-13 raised by 33 companies.
17/05/14 Rajesh Mascarenhas/Economic Times
