'Many listed companies lack professional approach'

Out of 6,000 odd listed companies in India, not even 2,000 listen to what markets say, Chairman of Enam Securities Vallabh Bhanshali said here today. Addressing a seminar at Indian School of Business, he said most of the companies lack professional approach.

“Of the total 5,000 or 6,000 listed companies in the country, not even 2,000 are listening to the market analysis.

They basically come to markets to raise money. They fail to integrate with market intelligence,” Bhanshal said in the third Asian Invitational Conference on family Business.

He further said a lot of companies do not have regular investor relations programmes, their corporate governance is suspect, the businesses are not growing and some of the companies are not traceable.