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Ministry of Company Affairs has advised that the small investors should be guided by strong fundamentals of the company whose shares they wish to deal with. They should not get misled by market rumors or tips. Their decision should be based upon proper analysis of the background of the company, the promoters and other relevant considerations.
The Ministry has said that economy is doing very well. Quarterly results of the companies in general reflect a very healthy growth rate. Implementation of policies of the UPA government has started showing its positive impact on the economy. In such a situation, the rising sensex in itself should not cause any concern. Moreover, the SEBI, which is the regulator for share market, has been keeping a close watch on the developments and taking steps necessary under the situation. Other government agencies concerned with the subject matter are also alert.
BY/AN-1/2005
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