ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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The Estimable Tramp

Lost Opportunity Hansavivek writes: THE Chairman of the Unit Trust, R S Bhatt, tells unit holders that scarcity of floating stock of good scrips in the context of increased volume of investible funds led to an "unhealthy" spurt in share prices, resulting in a rise of over 23 per cent in the Reserve Bank's equity price index from 80.70 to 99.29 in the six months ended June last. He says precious little on what prevented his institution, which saw its portfolio appreciate for the first time in its five- year career, from cashing profits in such a fortuitous situation. By liquidating part of its holdings, UTI could have made sizeable profits and also eased the shortage of scrips in the market

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