MARKETS
NEW FUND OFFER
Update
Franklin Templeton Investments has declared a dividend of 80 per cent under Franklin India Taxshield Fund. The record date for the same is January 10. HDFC Mutual has declared a dividend under HDFC Core and Satellite and HDFC ...
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MUTUAL FUNDS
Mutual Funds in 2006 — Aggressive managers score
Staying with the tried-and-tested approach to mutual fund investing may not have delivered the best results in 2006. But that is no reason to completely redraw your mutual fund portfolio.
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`Valuation of small-caps is compelling'
A closed-end structure is better for a small-cap fund as it offers the luxury to take long-term calls without daily pressures. — ANOOP BHASKAR, FUND MANAGER, SUNDARAM BNP PARIBAS
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Fund Talk
There has been a constant talk, in recent times, of the large-cap stocks being fairly valued as compared to mid-cap stocks. An investor who has made money in the past two years through diversified equity funds is caught in a dilemma whether to ...
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STOCKS
Anil Nanda sells stake in Federal Goetze
Auto component maker Federal-Mogul Goetze India Ltd said promoter Mr Anil Nanda has sold 2.85 per cent stake in an open market transaction. Mr Nanda sold 7,20,000 shares of Federal Goetze India at an undisclosed price on December 26, the ...
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Apollo Hospitals promoters to get warrants
The promoters of Apollo Hospitals Enterprise Ltd are to be issued 15.5 lakh warrants convertible into equity shares, the company has said. The conversion price will be "in accordance with SEBI guidelines''. The warrants could be ...
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STOCK MARKETS
Most equity funds under-perform market
Equity mutual funds, which have breezed past benchmarks such the BSE Sensex over the past four years, struggled to keep pace with the index in 2006. On an average, equity funds with a well-diversified portfolio, delivered a return of 34 per cent ...
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Stock market contest winners
S. Venkatachalam (Chennai), Tamal Kanti Ghosh(Bangalore), Anil Melwani(Pune), H. Vijayalakshmi (Chennai), R. Hariharasubramanian (Chennai), R. Jeyalakshmi (Tirunelveli), R. Ramalakshmi (Tirunelveli), R. Mahadevan (Tirunelveli), A. Radha ...
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SBI
With the stock remaining rooted to the range between Rs 1,280 and Rs 1,230 last week, our view is unaltered. This sideways move can be the second wave, which would be followed by a downward moving third wave. The medium-term targets downward are ...
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CALL CENTRE
Beating the benchmarks
An investor's success is often judged by his ability to pick stocks that are `outperformers' — that is, those that beat the average return generated by the market as represented by such benchmarks as the Sensex or the Nifty. In India, there ...
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Reliance
The counter was yet another pivotal that retreated to a somnolent state last week. It hit an intra-week low of Rs 1,252 and an intra week high of Rs 1,311.7. We stick to our view that the medium-term outlook will stay positive as long as it stays ...
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Tata Steel
The Rs 495-level continues to act as an important short-term resistance. Our view for this stock — the weakest among pivotals — will turn positive only if the price rallies above this level. The price is below both the 50- and 200-day ...
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Infosys
Short-term support for this stock exists at Rs 2,250. If the price sustains above this level, we can see the price rising higher to Rs 2,369 and then 2,440. The outer limit for this stock next week would be Rs 2,557. Buying on dips is ...
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ACC
The medium-term outlook is negative, as it can launch in to its C wave down from the peak of Rs 1,192. Fall below Rs 1,046 would be a cue to play short with a stop at Rs 1,110. Short-term support lies at Rs 1,046. A move below this level will ...
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ONGC
This stock has been trading in a range between Rs 890 and Rs 860 over the last two weeks. Our view stays positive. Momentum oscillators in the weekly chart have generated fresh buy signals. Fresh purchases can be made on dips with a stop at Rs ...
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Money Talk
Raghu Pillai, 49, is CEO, Retail Operations and Strategy for Reliance Industries' retail venture. Raghu is a well-known name in the retail industry and has had a steadily rising career graph within the sector, having ...
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Tech Tools
Please tell me what role is played by F&O cues in technical analysis. How are they related to each other? Also let me know the patterns that are formed on charts, when a stock is in both medium-term and long-term uptrend. Sameer ...
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Chart Focus
We recommend a sell on the stock at current levels. We have an evening star and a hanging man pattern on the weekly candlesticks chart. The move that started from the low of June last could have ended at the recent high of Rs 595. The next move ...
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Investment Nuggets
John C. Bogle, Founder of The Vanguard Group and President of the Bogle Financial Markets Research Centre, is popularly called the father of index fund investing. The Vanguard Group is one of the two largest mutual fund organisations in ...
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Query Corner
I am holding shares of SSI. Please advise me about the medium- to long-term levels and also let me know if I can accumulate more at current levels. Rajesh Sanghvi SSI (Rs 193.9): The long-term outlook for this stock will ...
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Trader's Corner
In the middle of the 19th Century, there was a gold rush in America that tore men from their well-settled lives in search of the yellow metal that promised to make them rich overnight. A modern day parallel can be drawn between the day trading ...
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DERIVATIVES MARKETS
Nifty perched at crucial level
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RECOMMENDATION
Valecha Engineering : Buy
Valecha Engineering's strong order book, improved balance sheet and plans for diversification augur well for its earnings growth. An investment can be considered in the stock with a 2-3 year perspective. At the current market price the stock ...
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Tata Motors: Buy
Runaway growth in demand for commercial vehicles and a strong showing in the compact car business augur well for the prospects of Tata Motors
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JM Hi Fi Fund: Hold
While its underlying theme is promising, the fund's ability to capitalise on it by investing in emerging opportunities may be crucial to better performance.
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Bajaj Auto Finance: Invest
Attractively priced offer, promising business outlook and a well-capitalised balance-sheet are factors that inspire confidence in the rights offer of Bajaj Auto Finance.
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Autoline Industries: Invest at cut-off
As a key supplier to Tata Motors, Autoline has been a principal beneficiary of the popularity enjoyed by the former's Ace minitruck.
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Cambridge Technology Enterprises: Avoid
Though the demand for the company's services are strong, challenges arising from high client concentration, vendor consolidation and intense competition are likely to be significant.
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Spice: Invest
Competition in the mobile handset segment is likely to be fierce, but the contribution from IT business may be reasonably strong over the next couple of years.
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IPOS
The wealth that IPOs hide
Even high-priced Initial Public Offers could turn out to be a good investment
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Premium conundrum
It has now become infra dig to fix a premium that is anything less than 30 times the face-value, even for loss-making companies, so long as they can convince their merchant bankers of the bright future.
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OUTLOOK
Market View
We expect a GDP growth of close to 8.5 per cent in FY07 on the back of higher growth in industry and services. This makes India among the fastest growing economies in the world. Corporate performance has beaten analyst expectations ...
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Index Outlook
Indian stock markets began 2007 on a hesitant note. After having expended all the energy in pulling back from the deep chasm that opened up in December, the markets seem to be wondering where to go next. The bedlam in the base metal and crude oil ...
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