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MARKETS
STOCK MARKETS:
A roadmap for reforms
Ever since the stock market vaulted 17 per cent on a single day after the elections, equity investors have exuded unbridled optimism. Take the Union Budget. Instead of viewing it as an “event risk,” ahead of which they must ...
OUTLOOK:
Index Outlook — Mapping Budget day moves
The day of reckoning for the UPA Government is here. The Union Budget will demonstrate the extent to which the hopes and expectations woven in to the post-election rally will be translated in to ...
RECOMMENDATION:
Container Corpn of India: Buy
Investors with a long-term perspective can consider accumulating the stock of Container Corporation of India (Concor). An established player in multi-modal logistics, Concor appears best placed to benefit from the uptick in domestic trade and ...
RECOMMENDATION:
Cummins India: Hold
Shareholders can stay invested in Cummins India (CIL), a leading manufacturer of diesel engines. Though the stock is not inexpensive at Rs 273 (13 times its FY09 per share earnings), what lends confidence is its strong position in the ...
RECOMMENDATION:
KPIT Cummins Infosystems: Buy
Investors with a two-year horizon can buy the shares of KPIT Cummins Infosystems (KPIT), given the company’s cost cutting moves and measures to better realisations by working on key operating ...
RECOMMENDATION:
Brandhouse Retails: Buy
Low valuations and a unique business model make the stock of Brandhouse Retail (BHRL) an attractive buy. BHRL functioned as the retail arm of textile player, S. Kumar’s Nationwide, and was hived off and listed as a separate entity in ...
RECOMMENDATION:
RCF (Rs 80.3): Buy
Investors with a medium-term perspective can consider investing in Rashtriya Chemicals & Fertilizers ...
RECOMMENDATION:
Birla Sun Life Midcap Fund: Invest
Investors can buy the units of Birla Sunlife Midcap Fund (Birla Midcap) considering its track record in delivering superior returns during market upswings and ability to reasonably contain downsides. The fund has bettered benchmark CNX ...
STOCK MARKETS:
Are Indian stocks over-valued?
In May 2004, soon after Left parties notched up their best electoral performance, the stock indices collapsed by 20 per cent as fear gripped Mr Market. But Mr Market’s fear proved unfounded. Ironically, India turned in one of its ...
RECOMMENDATION:
DBS Chola Opportunities: Buy
Investors can consider adding DBS Chola Opportunities Fund to their equity portfolio. Helped by a relatively small asset base which allows flexibility in management and good sector choices, the fund has delivered a stunning performance in ...
STOCKS:
Query Corner: What the charts say
In the February 01, 2009 issue of Business Line you had reviewed KEC International with the price targets of Rs 312. This target was met in the recent upsurge in the market. Please explain your updated technical view on ...
STOCKS:
Reliance (Rs 2,025.8)
RIL bounced higher in the early part of the week in line with our expectation but it could not surpass the first resistance at Rs 2,120 and moved sideways with a slight negative bias thereafter. Short-term resistances remain at Rs 2,120 and ...
STOCK MARKETS:
Nifty future to take direction from Budget
Once again Friday came to the market’s rescue helping the Nifty future close the week on a positive note. The Nifty July future closed at 4424.65, gaining 0.9 per cent over the previous week’s close of 4384. But the Nifty future ...
PRIVATE PLACEMENT:
Jaiprakash Hydro’s securities issue
Jaiprakash Hydro Power said on Saturday its board had approved raising up to Rs 1,500 crore through the sale of shares, depositary receipts or bonds. In a statement to the BSE, the company said its board had also approved absorbing unlisted ...
SHORT TERM INSTRUMENTS:
SAIL issues Rs 1,000 cr commercial paper
New Delhi, July 4 The Steel Authority of India has issued commercial paper of Rs 1,000 crore . Papers worth Rs 500 crore for a period of 87 days have been issued at a coupon rate of 3.39 per cent, with another Rs 500 crore of commercial ...
NEW FUND OFFER:
Monitoring simplified!
Quantum Equity Fund of Funds. Bewildered by the sheer number of fund houses and schemes on offer in the equity space? Quantum Mutual Fund offers to simplify the task of selecting the rights funds, through a new Fund of Funds offering. The ...
MUTUAL FUNDS:
Entry load: How SEBI’s decision benefits investors
The Securities and Exchange of India’s (SEBI) decision to remove entry load on all mutual funds from August 1, 2009, is commendable. Mutual fund distributors would then have to directly charge their customers fees for investment advice. ...
MUTUAL FUNDS:
Benchmark S&P CNX 500 Fund
Do you wish to own a basket of 500 stocks that represent 95 per cent of the total market capitalisation ? Benchmark’s S&P CNX 500 index fund could well be a choice. Launched in November 2008, this passively managed index fund may ...
STOCK MARKETS:
Relative strength index
The Relative Strength Index (RSI) oscillator determines the strength in the prevailing trend by comparing the magnitude of a stock’s recent gains to the magnitude of the recent losses. The graph below shows the RSI plotted below the ...
DIVIDEND ANNOUNCEMENT:
Update
SEBI’s regulation forbidding mutual fund entry loads will come into effect from August 1. The measure will allow the investors to decide on the commission to be paid to ...
Columnists:
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Harish Bijoor
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Ramanujam Sridhar
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S Ramesh Kumar
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Radhika Chada
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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