29 September, 2020

Old Economy Players

Old Economy Players

MPs also seem to have their favourite scrips. Hence, unlike the savvy investors, they don’t hedge their bets and tend to put all (or most of) their eggs in a single basket. Consider the case of the bjp MP Sangeeta Kumari Singh Deo who’s majorly invested in the Reliance group (Reliance Industries and Larsen & Toubro). Or Jasubhai Barad, the Congress MP from Gujarat, who seems to have a great liking for the Birla group, especially the AV Birla faction. Some of these parliamentarians also seek sectoral exposures and invest heavily in areas such as tobacco, liquor and petro-products. What we don’t know, and can’t say, is whether these politicians allow their investments to interfere with their work as policymakers. Wait and watch this space!

S. Rayapati Rao, Congress
Has overwhelming exposure in tobacco firms like Jayalakshmi Tobaccos (2.43 lakh shares), Gogineni Tobaccos, Green Leaf Tobacco Threshers and Natco Tobacco

Sangeeta Kumari Singh Deo,...



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