MARKETS
FINANCIAL SERVICES
Union Bank's online trading facility
MUMBAI: Union Bank of India has launched its Union Online Trading Services in a tie-up with Sharekhan, on the Bombay Stock Exchange from Thursday. The service is targeted at the bank's customers who invest as well as trade in shares, ...
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MUTUAL FUNDS
Five top-notch funds — Playing the winning game
FRANKLIN Prima, HDFC Equity, HDFC TaxSaver, SBI Magnum Contra and Reliance Growth have been star performers in the bull market since April 2003; they also have an impressive five-year track record. These funds have ...
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When to switch to a portfolio management scheme
You can assess certain pros and cons to see if a portfolio management scheme suits you better than a mutual fund.
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PORTFOLIO MOVES
PruICICI Discovery
AFTER a winning streak spanning five consecutive months beginning May 2005, the market witnessed some correction in October and has since moved into volatile territory. It is interesting to see the portfolio changes made by fund-houses in such a ...
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Taurus Discovery Stock: Book Profits
UNITHOLDERS in Taurus Discovery Stock can use the recent upswing in share prices to book profits. Its performance during bearish or volatile phases in the market has not been encouraging. The fund suffered a significant ...
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Principal Personal Taxsaver: Book profits
INVESTORS can use the recent upsurge in stock prices to book profits on their holdings in the Principal Personal Tax Saver, if they have completed their three-year lock-in period with the fund. The fund's performance ...
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Franklin India Opportunities: Hold
INVESTORS in Franklin India Opportunities Fund may retain their exposures, as the fund's performance appears to be taking a distinct turn for the better, especially over the past six months. We also believe that its ...
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UTI MF declares tax-free 50% dividend
UTI Mutual has declared a tax-free dividend of 50 per cent (Rs 5 per unit for every unit of Rs 10) for UTI MNC Fund. Investors as of December 12 will be eligible to receive the dividend. In FY 05, the fund had declared a dividend of 30 per ...
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STOCKS
Sensex touches new high, crosses 8,900 intra-day
STOCK prices continued to rise with the BSE Sensex touching a new high and crossing 8,900-level on Saturday. However, some selling at higher levels pulled the index down to end below 8,900. The three-hour trading was to test the stock ...
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STOCK MARKETS
Deep-value investing takes root
Given the prevailing valuation levels, identifying a stock with potential demands considerable resourcefulness, though it is not impossible for the diligent investor. There are certain strategies that can be adopted that will considerably add value w hen pursued consistently over a long period.
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Positive outlook for the Nifty
The trend turned bullish after the index passed through the expected short-term correction in the first couple of trading sessions. The index has also moved to the target zone of 2670-2680 that was mentioned in the recent weeks. The ...
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Marginal upside in Reliance
Reliance Ind (Rs 846): The stock moved to the target zone of Rs 845-850 that has been mentioned in the recent weeks. As anticipated, the journey towards this target commenced after the stock tested the short-term support zone at Rs ...
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Focus of the week
Su-Raj Diamonds (Rs 60): The stock touched a high of Rs 75.6 in September and has since been in a corrective phase. This correction appears to have been completed at the recent low of Rs 47 recorded last week. The stock appears to ...
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Query corner
Three weeks ago, you had written in your column that according to Elliott Wave theory, Wave 5 may unfold in the Sensex. Since the last two weeks you are writing that a first wave of a new bull run has begun. Kindly let me know whether we are ...
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Options guide
REGULATORY BODIES & RULINGS
A Clause that must be enforced
Will the government turn to SEBI yet again for another extension of the deadline, especially because its own companies are lagging behind in compliance? It would be a shame if that were to happen and more so because these companies had more than a ye ar to fall in line.
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'SEC could haul up Indian issuers for non-compliance'
DOMESTIC corporate issuers targeting foreign institutional investors, qualified institutional buyers (QIBs) and even non-resident Indians domiciled in the US, beware! Uncle Sam is watching! Under the regulations of the US Securities and ...
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RECOMMENDATION
Bharat Electronics: Buy
The stock trades at 13 times its expected FY06 per share earnings assuming 20 per cent growth in earnings for the year. Valuation levels appear attractive considering the sizable orders on hand, fairly stable and consistent business growth record ...
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Kernix Microsystems: Avoid
WE recommend investors to avoid the initial public offering of Kernix Microsystems. The offer is to be priced between Rs 225 and Rs 250. At this price band, the offer is available at 18-19 times the annualised FY-06 per ...
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Compulink: Avoid
INVESTORS can refrain from subscribing to the public offer of Compulink Systems. At Rs 60, the price-earnings multiple works out to 11 times its FY-05 earnings on the existing equity base and 17 times on the fully ...
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Infotech Enterprises: Hold
SHAREHOLDERS can retain exposure in the Infotech Enterprises stock. At the current price, the stock trades at a price earnings multiple of 16 times its annualised per share earnings of Rs 27.5. The strong second ...
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GlaxoSmithKline Consumer Healthcare: Hold
AFTER a prolonged lull in brand-building activity, GlaxoSmithKline Consumer unveiled a spate of brand extensions in recent months that have the potential to boost growth rates. However, it may not be advisable to ...
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Repro India: Avoid
REPRO India is making a public offer to be priced in the range of Rs 145-Rs 165. The offer is priced at 17 times its annualised FY-06 earnings per share (based on half year ended September 05 earnings). We believe the ...
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Fag Bearings: Buy
LONG-term investors may consider equity exposure in Fag Bearings at prevailing levels. The technical backing of a global major, the growth in exports and the strong fundamentals make Fag Bearings a preferred portfolio candidate from the bearings ...
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Finolex Industries: Buy
INVESTORS may consider taking exposures in the stock of Finolex Industries. At Rs 80 the stock quotes at 19 times its trailing 12-month earnings. The valuations would be lower if one considers the market value of investments in its group company ...
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