Even though the decision of the government to divest its stake in five public sector enterprises (PSEs) to raise Rs.15,000 crore in this financial year evoked positive response, the market is keenly awaiting the route the government would adopt for this purpose.

“The government’s target for the fiscal year can be achieved if immediate steps are taken to execute the disinvestment decision,” said Sudip Bandyopadhyay, CEO and MD, Destimoney Securities. Saying that this is a positive step by the government, Mr. Bandyopadhyay said, “disinvestment will also help the capital market by further enhancing the availability of quality stocks for investors to select from.”

The move for Rs.15,000 crore disinvestment would be keenly awaited by the market “on which route the government would adopt for disinvestment,” said Rikesh Parikh, Vice-President, Equities, Motilal Oswal Securities.

“We believe that the actions being taken by the government will be positive for the investment sentiments,” said Anand Rathi, Chairman, Anand Rathi Financial Services.

RELATED NEWS

FDI in multi-brand retail with riders September 15, 2012

Fabulous Friday for India IncSeptember 15, 2012

Shock and awe from ManmohanSeptember 15, 2012

Disinvestment back on agendaSeptember 14, 2012

Ailing economy, UPA get FDI dose September 14, 2012

More In: Industry | Business