Stocks of companies with political connections lost more than other stocks last year, according to research by Mumbai-based brokerage Ambit Capital Pvt. Ltd.
Politically connected firms lost more than market - Livemint
Oil Tanks India manufacturing facility.
The underlying assumption is that these companies use their connections as a source of competitive advantage and last year’s backlash against corruption and crony capitalism in India made investors wary of investing in them.India auto diesel tanks manufacturer
The brokerage declined to name the companies whose stocks are part of this index, but said there are 75 in all, including seven that are part of the Sensex and 20 that are part of the National Stock Exchange’s Nifty.Politically connected firms lost more than market - Livemint
