OLD + Few Non Life Insurance Companies
1 - there are few old non life insurance companies whose promoter public ratio is 80% and 20%
2 - according to regulatory requirement 30% public share is must
3 - Hence these companies cannot do promoter conversion
4 - hence these companies must come with FPO
5- even issuing fpo at cheapest prices will fetch them around 30/40 crore easily
6- they are already established companies

New Non Life Insurance Companies
1 - they are 70% promoter and 30 public
2- they have to struggle for market

One fact
1 - paid up share capital of non life is 1 arab for weak ones
2- stronger ones will make capital 2 arab
3- u can see authorized paid up capital to verify the same

Strategy at falling market
1 - sell expensive stocks
2- buy cheap and potential stocks
3- reshuffling the portfolio

......Baki Ishwor Ko Leela...