Power Grid may head lower after share sale: Dealers
Dec 06 2013 , Mumbai
Dealers say the rally is being driven by sentiment and not by a change in fundamentals.
Shares sales in other state-run companies in the past have also faltered.
NTPC Ltd shares are almost flat since its $2.15 billion share sale in February from the government's minimum offer price, while NMDC Ltd is about 3.3 percent lower since its $1.1 billion share sale in Dec 2012, as of Thursday's close.