Bharti Infratel shares drop 13 percent in market debut

These are mostly speculative investments made from abroad. We will never get full details of the investors or investing companies to ascertain the genuineness of investments. Many companies (name board companies) have been incorporated by India Inc. as a buffer for their quotations in Indian bourses. They are useful at the early IPO stages; often they ensure that the IPOs don’t collapse as they pick up all the shares (balance of shares) not lifted by the Indian market. Later they are used to manipulate prices up or down to suit their corporate requirements. These stock market operations are supposed to reflect the health of our economy.