The Hindu Business Line : Sunday, February 03, 2008

Money talk
Oxford Bookstore is an integrated bookstore that claims access to six million titles worldwide. The bookstore, which started out over 80 years ago in Park Street in Kolkata, has since expanded to all major metros and also has an online ... More

NEW FUND OFFER
MFs weather market turbulence
Attract new investors at lower levels; Reliance, ICICI retain top position More

ICICI Pru Equity Linked FMP (Series 33 Plan A): Promise of equity
ICICI Pru FMP Series 33 is a three-year closed-end fund that uses equity-linked debentures to deliver returns. The fund charges no entry load and will levy a 5 per cent load for redemptions made during the repurchase windows. More

Update
The Securities and Exchange Board of India has approved the removal of initial issue expenses for close-ended mutual fund to reduce the cost to the investors. Currently, initial issue expenses on close-ended funds are ... More

MUTUAL FUNDS
DSP ML Technology.com: Returns downloaded
As the name suggests, DSPML Technology.com fund seeks to invest in the ‘technology’ theme, but the fund is diversified within this space to include software, media and entertainment, telecom services and hardware stocks. ... More

STOCKS
Ceat gets re-listed on the bourses
Mumbai, Feb. 2 Ceat Ltd got re-listed on the bourses on Friday and opened at Rs 181.05 on the BSE. The stock touched an intra-day high of Rs 194 and a low of Rs 181.05, before closing at Rs 181.05. Its previous close on the BSE was Rs ... More

STOCK MARKETS
IPO mop-up in Jan at over Rs 13,000 cr
New Delhi, Feb. 2 Fuelled by the mega public offer of Reliance Power, January 2008 ended up as a watershed month , with domestic companies mopping up over Rs 13,000 crore through Initial Public Offerings (IPOs). While the ... More

Relief rally may go on in Nifty future
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Query Corner
Please suggest the prospects of MRF and Walchandnagar Industries and how long should I hold these stocks? Ramesh Narayansamaiyya, P. KrishnakumarMRF (Rs 4,811.4): MRF was swept ... More

Reliance Industries
RIL could not make any headway beyond the previous week’s high last week. But there was no major sell-off either. The lacklustre show put up by the stock last week keeps the intermediate term trend in the stock down. RIL needs to move ... More

SBI
The sharp recovery from January 22 trough halted at Rs 2,350 last week and the stock is currently in a short-term down trend. We stay with the view that the stock could move in a broad range between Rs 1,900 and Rs 2,600 over the medium ... More

Tata Steel
Tata Steel was also moving in a narrow range just above the long-term average line. The near-term trend in the stock is looking bright, since it reversed from the trough at Rs 557. Continuation of this up-trend can take Tata ... More

Infosys
Infosys held steady in the early part of last week before breaking out on Friday. The third part of the short-term up trend that commenced from the Rs 1,212 trough is currently in motion. This wave can take the stock price to Rs 1,734 ... More

Bharti Airtel
The stock kept both traders and investors on tenterhooks by moving sideways just below its 200-day moving average. However, the short-term trend is currently up and the stock price can move higher to Rs 983 in the near term. Investors need to ... More

Satyam Computers
Satyam drifted lower in the first half of last week before moving up sharply on Friday. The C-wave of the short term up-trend from the Rs 305 trough appears to be in motion now that has the immediate target of Rs 443 and then Rs 450. The ... More

FOREIGN INSTITUTIONAL INVESTORS
Prominent bulk deals on NSE and BSE
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REGULATORY BODIES & RULINGS
SEBI extends refund facility
SEBI in consultation with the Reserve Bank of India has extended the facility of refunds to investors applying for public or rights issues through Electronic Clearing Service (ECS) to additional 53 centres. With this, ECS facility will be ... More

RECOMMENDATION
Suzlon Energy: Buy
The recent market decline has provided an attractive entry opportunity to the Suzlon Energy stock. An investment can be considered in the stock with a time horizon of 2-3 years. At the current market price, the stock trades at about 24 times ... More

SBI Magnum Multiplier Plus: Hold
Investors in SBI Magnum Multiplier Plus can retain their holdings. While the fund’s performance over the last one-two years has been subdued, it has notched up a good track record over a three and five-year period. Investors holding ... More

Maruti Suzuki: Buy
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IRB Infrastructure Developers: Invest
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Shree Cement: Buy
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Emaar MGF Land: Invest at cut-off
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Wockhardt Hospitals: Avoid
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OUTLOOK
Index Outlook
Now that the US Federal Reserve has pandered to the desires of their stock markets and Reserve Bank of India has not, it is time to move on and splurge the money refunded from the Reliance Power and Future Capital IPOs back in the stock ... More

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