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Sunday, May 22, 2005

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INVESTMENT WORLD

INVESTMENT QUOTIENT


Investment quiz
1) At its first annual general meeting in 2001, queried on the threat of a takeover, Sir Roy Gardner, the chairman, had stated that "Manchester United is a well-run plc, so there would be no point in a takeover." But the threat became real ... More

BUYBACK


  • FAQ on buybacks

    OPEN OFFERS


    Rana Sugars: Accept/Sell in market
    INVESTORS may accept the open offer by the promoter group to mop up 20 per cent of the equity capital in Rana Sugars at Rs 28.5 per share for the fully paid-up share and Rs 14.25 for the partly paid-up share. The open offer has been triggered ... More

    AUTOMOBILES


    Sale by invitation only!
    AN AUTOMOBILE dealer named Reliable Imports sent a mailer to its customers saying that a rental car company had gone bankrupt and that the court had ordered the sale of a certain number of vehicles. The communiqué said that the sale was `by ... More

    Question `n' auto
    I OWN a 1997 model Maruti 800 DX. I would like to replace the existing radial tyres with tubeless tyres, as I have heard that they are more advantageous — in the case of sudden punctures, for instance. Your advice. Ram ... More

    INSIGHT


    Changing rules for the IPO investor
    INVESTING in the Initial Public Offering (IPO) of a new company was an instant money-spinner in 2004. At the time, investors were gung-ho about Indian stocks, every IPO was sure to attract investments for several ... More

    Learning from the trends
    WHAT do these trends signal for retail investors in book-built IPOs? You could probably keep the following pointers in mind when deciding on your investment strategy:

  • As listing gains are no longer a certainty, consider investing through ... More

    Turnaround sectors are good bets
    THE yo-yo trends in the market have confounded investors since March. It now seems almost certain that a spell of stagnation in stock prices, if not a decline, is upon us. The fear of the bear hug has led to the search for stocks with the right ... More

    Tracking the regulatory trail
    By parting with information that ought to have been within the control of UBS Securities in slow doses, serious loopholes in the regulatory framework governing FIIs in India have been exposed. More

    MUTUAL FUNDS


    SBI Magnum Global: Invest in small lots
    INVESTORS can consider exposures in SBI Magnum Global Fund as it could deliver attractive returns even if the broad market remains flat. The prospects for the preferred sectors in the portfolio — electrical engineering, textiles, IT and ... More

    HDFC Prudence: Invest
    HDFC Prudence is among the few funds in which you can invest with a long-term perspective. Its performance over a considerably long period has been impressive. Investors can consider investing especially through the systematic investment plan. ... More

    FUND TALK
    Options for the first-time investor
    I am a beginner to the stock market. I have been advised to invest through mutual funds in the initial period. I propose to invest Rs 1,000 a month through SIP/STP in a fund. I am a little confused as to which funds to select and what factors ... More

  • Prudential ICICI to launch two new funds

    STOCKS


    Zee Telefilms: Pare exposures
    SHAREHOLDERS of Zee Telefilms can capitalise on the sharp run-up in the stock price over the past few weeks and reduce exposures. The company's growth prospects are likely to be affected by the imminent threat to its content and distribution ... More

    Goodyear India: Book profits
    INVESTORS with a long-term perspective can consider scaling down exposure in Goodyear India, though the stock recorded a sharp run-up in recent months. Much of the recent positive developments pertaining to the tyre industry appear to have been ... More

    Tata Motors: Hold
    THE strain from rising input costs not fully passed on to the market is beginning to show on the financials of Tata Motors. Despite a smart 29 per cent rise in sales during the fourth quarter of 2004-05, operating profits inched up by a small ... More

    Raymond: Book profits
    INVESTORS can consider booking profits in Raymond, which has been viewed as one of the bigger beneficiaries of the textile quotas phase-out. Large scale of operations, aggressive expansion plans, substantial cash reserves to fund growth plans, ... More

    Tata Tea: Buy
    INVESTORS can consider an investment in the stock of Tata Tea, which quotes at about 12 times the expected consolidated per share earnings for FY05. This is at a significant discount to most other FMCG companies. ... More

    TECHNICAL ANALYSIS


    At best, a relief rally in prospect
    Preferred view: The market action last week was no different from what it was the week earlier. After a strong rally on Monday, the momentum waned and the index drifted aimlessly in a narrow range. Though the Nifty breached the ... More

    Positive trend in SBI
    SBI (Rs 649.2): The stock has recovered after a sharp sell-off during March and April. The near-term trend appears positive. It appears to be headed towards the immediate target zone at Rs 670-675. The positive outlook would warrant a ... More

    Focus of the week
    Indian Card Clothing (Rs 247.2): After a corrective phase between December 2004 and March 2005, the stock has resumed the upward move. The long-term trend is bullish and the stock appears to be headed towards the immediate target price of ... More

    Query corner
    What is the outlook for IFCI purchased at Rs 21? — M.Mohan, Kanika Kumar, K.Selvaraj, Sandipta Nath IFCI (Rs 12.9): The near-term outlook appears positive. The stock faces immediate resistance at the Rs 14-14.5 range. A ... More

    CARS


    A fleeting look at Swift
    THE new, yet-to-be-launched Suzuki Swift looks so attractive that we couldn't resist the temptation of giving you a sneak peek of this superbly designed car. The Swift, which is to be launched by the end of this month, will be one of the more ... More

    TWO/THREE WHEELERS


    Kinetic's new brand identity
    FOR companies in the automobile industry it is the season for new names and new logos. Many of these changes have been brought on by impending change within the companies themselves, either due to an overhaul of their products and focus markets ... More

    STOCK MARKETS


    Survivorship bias
    CONSIDER this. Your friend has a simple trading strategy. She buys stocks on days when she is unable to get a copy of a financial daily from the newsstand. She claims that this strategy has generated returns in excess of 50 per cent! If you ... More

    DERIVATIVES MARKETS


    F & O pointers suggest lower Nifty
    As the week ahead is the settlement week for May contracts, a higher degree of volatility is possible. More

    Moderate rollover
    THE activity at the F&O segment on the NSE remained sluggish last week despite just ahead of settlement week. The average daily volumes improved to Rs 9,568 crore as compared to previous week's close figure of Rs 7,307 crore. Rollover: ... More

    FIXED DEPOSITS


    City Union Bank: Attractive
    City Union Bank: Senior citizens can consider investing in the deposits with tenors of between six months and three years offered by City Union Bank. The bank offers 6 per cent for deposits maturing in six months, 7 per cent for ... More

    INCOME TAX


    Getting to the core of fringe benefit tax
    WHAT are the changes made to the fringe benefit tax (FBT)? Reply As against the original proposal, it is now made clear that no FBT will be payable by an individual or HUF. The same will be payable only by a ... More

    PUBLIC OFFER


    Beeyu Overseas: Avoid
    INVESTORS can avoid the public offer of Beeyu Overseas. A tea processor that operates a bought-leaf factory in the Nilgris, Beeyu's , offer of 71.4 lakh shares is at Rs 14 a share, that is, at about 17 times its annualised earnings for FY-05. A ... More

    RIGHTS ISSUES


    Bal Pharma: Invest
    INVESTORS may consider investing in the rights issue of Bal Pharma being offered at Rs 30 per share. The issue is being made in the ratio of three shares for every five shares held and the proceeds would be used to part-finance the company's ... More

    BOOKS


    When creditors blow their bugles
    IF there is a battle that CNN may not cover, this must be it: "Cash Flow War," by Fred Rewey, from Wiley (www.wiley.com). The book minces no words when reminding us that every day, we're fighting to stay afloat. But it's ... More

    CARTOON


    Shortsell
    "Tell me again. You were worried for my future and invested here, or is it the other way round...?" More
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  • Budget Highlights

    Budget at a glance

    Budget Speech

    Budget documents

    Railway Budget 2005 - 06

    Economic Survey 2004-2005

    Pick a Winner Stock Market Contest

    Top Stories
    Tracking the regulatory trail


    At best, a relief rally in prospect

    Changing rules for the IPO investor

    Turnaround sectors are good bets

    A fleeting look at Swift

    In Focus

    Kabul Diary
    Cash Transaction Tax
    Fringe Benefit Tax
    Using forex for infrastructure
    Soaring sugar prices
    More

    In Depth
    Insurance Corner
    Simple Economics
    Tax Talk
    NRIs & Investment Avenues
    More

    Looking back
    May. 15-May. 21
    Benchmarking boosts turnover — Churn for the cream

    Large-cap Indian pharma — Effective drugs, but dosages may need tweaking

    A volatile quarter (Jan-March 2005)
    Stellar show by funds from SBI MF stable


    Home loan conversion, a mixed blessing

    Positive short-term outlook for Nifty


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