The government is set to roll out divestments of state owned companies such as Coal India, ONGC and SAIL, as early as this Friday. With India having bottomed out and market reaching newer highs, Kaku Nakhate of Bank of America - Merrill Lynch feels it is the right time to undertake divestments. In addition, she is confident of retail participation augmenting in divestments. Although retail interest may differ industry-wise on account of investors’ picks, she says in an interview to CNBC-TV18. Continuing her bullish tone, she says that Indian equities will continue to outdo other emerging markets to such an extent that Indian market will double in four years.
Posted on: Thu, 04 Dec 2014 08:01:48 +0000
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