The Hindu Business Line : Sunday, October 31, 2004

TVS Victor - It's tried and tested
I WANT to buy a bike and after a review of the choices available, I have narrowed down my options between TVS's two bikes — the Victor 110 and the Victor GLX 125. The Victor GLX 125 is new in the market, ... More

INSIGHT

Systematic investing still scores
IN December, when the Sensex was tantalisingly close to the 6,000 mark, I was tempted to shift more of my savings into stocks. In May, as the market crashed on post-election jitters, I wondered whether I should be ... More

Phase-out of NBFC deposits — Death of retail debt market
Regulation is forcing debt investors to depend more and more on the government, banks and mutual funds. The proposed phase-out of NBFC deposits will only exacerbate the situation. Declining liquidity would, however, counteract these measures and coul d offer a better deal for investors. More

MUTUAL FUNDS

UTI Mastergrowth: Hold
INVESTORS in UTI Mastergrowth can stay with the fund. Its performance over the past five years has been consistent, and its diversified profile and PSU focus has made for steady returns. The fund declares dividends ... More

Franklin Prima Plus: Hold
INVESTORS in Franklin India Prima Plus can stay with the fund. The fund has a fairly good five-year track record and has delivered a good performance over the past year. Suitability: The fund's risk profile is ... More

0.61 pc dividend from Chola MIP

STOCKS

Aventis Pharma: Buy
FRESH exposures can be considered in the stock of Aventis Pharma, which trades at Rs 956. The stock has been among the best performers in the MNC pharma space having trebled over the past 18 months. Business Line has multiple buy ... More

Zodiac Clothing: Buy
INVESTMENTS can be considered in the Zodiac Clothing stock. As it is the only listed, pure-play garment company, investments in the company would provide exposure to the opportunities that would unfold for the garment ... More

Dr Reddy's Labs: Pare exposures
SHAREHOLDERS can consider reducing their holdings in the Dr Reddy's stock. Lack of near-term earnings triggers and a rich valuation underpin our current view. The recommendation also represents a continuation of the ... More

Zee Telefilms: Sell
The subscription revenue story appears to be winding down with the growth rate dipping to less than 10 per cent. Even if TRAI allows broadcasters to revise pay channel rates, Zee may be able to make only a modest hike for its bouquet. More

ACC: Hold
SHAREHOLDERS of ACC can retain their exposure in the stock as the company's fundamentals continue to improve steadily. The earnings growth is likely to be aided by a firm undertone in cement prices in the regions where ... More

Maruti Udyog: Hold
SHAREHOLDERS of Maruti Udyog (MUL) can continue to hold the stock at the current price of Rs 365. This recommendation is based on the sustained market leadership position that the company enjoys, the potential for an ... More

ABB : Long term buy
THE ABB stock could outperform the broad market in the medium-to-long term as the company is set for strong and steady growth over at least three years. The stock trades at 20 times its expected 2004 sustainable ... More

TAXATION

There's benefit for principal repayment even before the flat is ready
I HAVE taken a housing loan and have already started paying the EMI in respect of the loan. The flat is yet to be completed and possession has not yet been handed over to me. Can I, in the mean time, claim the rebate ... More

TECHNICAL ANALYSIS

Focus of the week
Mahavir Spinning (Rs 252.5): The outlook is bullish and a move to the Rs 275-280 range appears likely. The long-term remains positive and the stock has fair distance to be covered on the upside. Hold with a stop-loss at Rs 213; those who ... More

Bearish outlook for Nifty
Preferred View: The index moved in line with expectations. A short-term rally materialised as anticipated last week. After a sharp slide on Monday, the Nifty ruled firm and touched a high of 1808.85 for the week. The trend, however, ... More

Reliance may touch Rs 490
Reliance Ind (Rs 529.2): The stock ruled weak as expected last week. It also moved to the target zone of Rs 520-525. The downtrend does not appear complete. A drop to the Rs 490-500 range appears likely. The occurrence of a ... More

Query Corner

CARS

Something special
AFTER the Rs 5 lakh promotional offer that Hyundai Motor India came up with for the Accent reaching the 500,000th car manufacturing milestone, it is now the turn of Ford India to launch a similar marketing campaign for ... More

ECONOMICS

Price and its elasticity
PETROL prices have risen sharply since January. But has that prevented you from taking your vehicle to the office or to the movie with your family? If not, you could call petrol as relatively price inelastic. What is ... More

DERIVATIVES MARKETS

Active trading in Tata Steel, SBI, Infosys
Nifty to move in a narrow range as sentiment indicators such as implied volatility and put/call ratio point towards that. More

What's theta-positive?
In one of the columns in Business Line, it was said that the short Oct 300 Tata Steel call "is theta-positive". Could you kindly elucidate as to what is meant by this phrase and how does one find this aspect out on the option calculator ... More

Options guide

Futures guide

CREDIT CARDS & DEBIT CARDS

Credit cards and the safety Net
WE all see something interesting on the Web, but defer the purchase or give it up altogether when it comes to giving credit card details for completing the transaction. Does this diffidence make sense? Let us get one ... More

FIXED DEPOSITS

OCL: Block it for a year
INVESTORS looking at a one-year lock-in period can consider the fixed deposit programme of OCL India. The company offers interest rates of 7.5 per cent for one and two years and 7.75 per cent for three years. OCL ... More

INTERVIEW

Jury still out on our differential model — Mr Phaneesh Murthy,CEO, iGate Global Solutions
Spearheaded by its CEO and Managing Director, Mr Phaneesh Murthy, iGate Global Solutions is close to completing the internal restructuring exercise it embarked upon in July 2003. Mr Murthy has overshot the initial transition period set for ... More

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