STOCKS

STOCK MARKETS

Near-term outlook remains bullish for Nifty
The Nifty ruled firm and also moved to the target zone of 2740-2750 that was mentioned last week. The near-term outlook remains bullish, as the recent upward move does not appear complete. The index could move to the next target zone at ... More

Positive outlook for key pivotals
SBI (Rs 899): The medium-term outlook is positive and the stock appears on course to move to the target zone of Rs 1,050-1,100. This view would be suspect if the share price closes below the negative trigger level of Rs 800. Investors ... More

Focus of the week
Praj Industries (Rs 106.4): The stock has been one of the star performers at the stock market in the past couple of years. After moving to a high of Rs 131 in August, the stock has moved into a corrective mode over the past few months. ... More

Nifty: Positive trend likely
LAST week we had indicated that the Nifty might exhibit a highly volatile trading pattern. In line with our expectation, the Nifty witnessed volatile swings. Expecting a downward break amidst volatile condition, we had advised investors to ... More

Query corner
Is there any upside potential in MIRC Electronics and Ind-Swift Laboratories? — Raghav Kashi MIRC Electronics (Rs 22.6): The price movement has been devoid of any trend as the stock has been moving in a sideways ... More

Options guide
Call option: A call option gives the buyer `the right but not the obligation' to buy the stock at a specified price on a future date. Put option: A put option gives the buyer `the right but not the obligation' to sell a stock ... More

REGULATORY BODIES & RULINGS

RECOMMENDATION

Ramsarup Industries: Invest
INVESTORS with a long-term perspective can subscribe to the public offer of Ramsarup Industries (Ramsarup). At an offer price of Rs 60, the stock commands a multiple of five-six times its likely FY-06 earnings on a ... More

Radha Madhav Corporation: Avoid
INVESTORS can avoid the initial public offer of Radha Madhav Corporation. The offer price of Rs 20 appears expensive. The key risks are sustaining margins at current levels, volatile cash flows and lack of management ... More

Tulip IT Services: Invest at cut-off
INVESTORS with a high-risk appetite can consider subscribing to the book-built initial public offering by Tulip IT Services (Tulip) at the cut-off price. Risk-averse investors can stay away from this offer. The price ... More

Punj Lloyd: Invest at cut-off
INVESTORS with an investment horizon of two-three years can consider subscribing to the book-built initial public offer of Punj Lloyd. At a price band of Rs 600-700, the stock commands a price-earnings multiple of ... More

PVR: Invest at cut-off
THE initial public offer of PVR Ltd, the largest multiplex operator, is worth an investment from a long-term perspective. Our recommendation is not linked to gains on listing. We take a positive view on the potential of ... More

HDFC Multiple Yield Fund: Invest
AN investment may be considered in HDFC Multiple Yield Fund, which has notched up a satisfactory track record over the past 15 months. Over a three-to-five year period, this fund delivered better returns than those ... More

HSBC Midcap Equity Fund: Hold
INVESTORS can hold the HSBC Midcap Equity Fund in the light of its focussed portfolio and good performance. The fund has comfortably outpaced its benchmark in the eight months since launch, with a 41 per cent return. In ... More

Tata Chemicals: Buy
INVESTORS with a two-year perspective may consider exposures in the Tata Chemicals stock. Though the prospects for the fertiliser business are at best stable, the soda ash cycle is in a decisive up-move. The company is attempting to scale up in ... More

Asahi India: Buy
LONG-TERM investors may consider equity exposure in Asahi India Glass at prevailing levels and on price weakness. The company appears to be taking steps to log a steady growth in earnings. Its efforts to move up the value chain and its thrust on ... More