The Hindu Business Line : Sunday, June 05, 2005

Women's Accounts
IF you are a woman who values financial independence, you certainly would like to have your own savings account. If you have not opened one already, you may want to consider accounts that are tailored for your special needs. Over the past ... More

SEBI GUIDE
Online bidding
`Retail individual investor' means an investor who applies or bids for securities of or for a value of not more than Rs.1,00,000. Can a retail investor also bid in a book-built issue? Yes. He can bid in a book-built issue for a value ... More

AUTOMOBILES

Revenue potential in Kinetic premises
KINETIC Motor Company Ltd was begun in 1984 as a joint venture with Honda Motor of Japan "to manufacture and market advanced scooters in India," informs www.kineticindia.com. In 1998, Kinetic acquired a major ... More

INSIGHT

Equities: Time to tread cautiously
EQUITY prices have staged a smart recovery over the past few weeks. The Nifty is now just about 5 per cent shy of its all-time high and the CNX Mid-Cap 200 has hit a new peak, as it crossed the 3,000-mark last week. ... More

Disinvestment: Will politics and economics see eye to eye?
"To privatise is to drive a two-horse cart. The cart is the enterprise in question. One horse is called Political Goals and is flighty and fickle, the other is called Economics, and is slow and steady." — Quote from an agency ... More

Equity funds outperform indices
IN THE two years between March 2003 and March 2005, diversified equity funds have notched up a sustained impressive performance. They have managed to keep their reputations intact with index-beating performances ... More

What are the virtues of long-term investing?
THE first lesson in value investing is to stay invested for a long term. This is based on the premise that in the long run, the intrinsic value of the security will be recognised by the market, thus enabling the value ... More

An eye for independence
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MUTUAL FUNDS

FT India Balanced: Invest in small lots
IF EXPECTED annual returns of about 12 per cent over a long period excite you then balanced funds are an appropriate prescription. Among them, HDFC Prudence has an outstanding record. The performance of FT India ... More

SPOTLIGHT
DSP ML Opportunities: Invest
INVESTORS can consider exposures to DSP-ML Opportunities Fund. The fund invests predominantly in large-cap stocks, which makes it ideally suited for a conservative investor. The large-cap bent of its portfolio makes ... More

Kotak launches Contra fund

STOCKS

Nilkamal Plastics: Buy
AN INVESTMENT can be considered in the stock of Nilkamal Plastics, which quotes at about 10 times its expected FY-05 earnings. At Rs 126, the stock hovers around its book value, which is attractive considering the growth prospects. ... More

Vesuvius India: Buy
INVESTMENT can be considered in the stock of Vesuvius India. At its current price of about Rs 200, the stock trades at a price-to-earnings multiple of about 16 times. The sustainable business model, the strong fundamentals, the rich product ... More

Tata Power: Hold
TATA Power shareholders can continue to hold the stock for now. The company had a forgettable fourth quarter and its performance in the whole year, 2004-05, was also not noteworthy. Despite all-time high generation, ... More

EIH: Book Profits
SHAREHOLDERS can consider booking profits in the stock of EIH, part of the Oberoi group of hotels. The stock has appreciated smartly over the past few months on the back of buoyant trends in the hotel industry, which ... More

Bajaj Auto: Book profits
BAJAJ AUTO'S performance for the quarter ended March 2005 reflects the business environment in the two-wheeler industry. The company reported a 28.3 per cent rise in turnover and a 29 per cent jump in gross profit ... More

Union Bank of India: Buy
ONE CAN consider an investment in the stock of Union Bank of India. The stock trades at a price-to-book ratio of 1.5 times. This is at the higher end of the spectrum, considering the valuation of other public sector ... More

TECHNICAL ANALYSIS

Short-term uptrend in force
Preferred view: The market action was in line with last week's expectations. After an initial short-term corrective phase, the trend turned positive on Friday. The index sought support at the first support zone at 2060-2064 range. The ... More

Focus of the week
Nicholas Piramal (Rs 268.4): Pharma stocks have been on a downward trend in the recent months. Nicholas Piramal was no exception to this bearish trend. The stock appears to have completed the downtrend at the latest low of Rs 200. The ... More

Positive outlook for Infosys, Satyam
SBI (Rs 663.9): The expected short-term weakness in the stock materialised during the week. After dropping to a low of Rs 653, the stock closed marginally higher on Saturday. A close above Rs 690 would have positive implications and would ... More

Query corner
What is the outlook for Gujarat Ambuja Cements, bought at Rs 450 and Engineers India at Rs 460? — S. Srinivas Gujarat Ambuja Cements (Rs 443): The stock is in a long-term uptrend. Investors willing to wait for about six ... More

CARS

Reva in rev-up mode
THE French gave it their best shot, the US is still struggling to make it universally acceptable and many other countries have dabbled with the subject building unviable prototypes. But electric vehicles have not made ... More

Car for rural roads
I AM a software engineer planning to buy a new car. My friends and relatives are pointing towards the Tata Indigo, but I personally think that the Maruti Esteem would be a better choice. I have researched both the ... More

ECONOMICS

Quanto swap
ACCORDING to Reserve Bank of India's (RBI) recent directive, banks can continue to offer MIFOR-based swaps including quanto swaps. What is a quanto swap? Suppose as the treasurer of a big company, you are a keen follower of yield curves. These ... More

DERIVATIVES MARKETS

Nifty at a crucial junction
The narrowing down in backwardation in Nifty futures also indicates a positive bias. More

Moderate trading
THE trading activity at the F&O segment on the NSE was just moderate during the last week ending Friday; the average daily volumes improved to Rs 8821 crore against the previous week figure of Rs 13,606 crore. Fair value: The fair value ... More

INTEREST RATES

IOB hikes interest rates on NRE deposits
Indian Overseas Bank has hiked the interest on non-resident (external) — NRE — term deposits for one year to less than two years by 10 basis points effective from June 1. The new rates valid for one month up to June 30, are 4.3 per ... More

FIXED DEPOSITS

Jindal Stainless: Invest
Jindal Stainless: Investments in the fixed deposit scheme of Jindal Stainless can be considered with a one-year perspective. The demand for stainless steel is expected to be robust both in the domestic market and in China over the next ... More

INCOME TAX

Is your wife paying you half of what you bear as repayment?
MY WIFE and I work for LIC. We took a loan of Rs 7 lakh, in 1999, and constructed a house in Hyderabad. The loan was given to us partly at 5 per cent and partly at 7 per cent. My wife and I are co-borrowers in respect of the loan. Initially ... More

No LTA if you are travel allergic
I am entitled to Leave Travel Allowance (LTA) from my employer as per the terms of my employment. While I would like to take the LTA, I do not want to travel. Will the amount that I receive as LTA be eligible for ... More

BOOKS

The average Indian family chases five big financial goals
A BOOK dedicated to "each and every Indian household that seeks financial security but knows not that it is so much within reach" should be worth reading, I guess, especially if it is going to discuss moolah planning all in about a hundred pages. ... More

NEW PRODUCTS & SERVICES

Cholamandalam MS unveils travel insurance
ADVENTURE and sports lovers may want to check this out. Cholamandalam MS General Insurance has announced Chola Travel Insurance, an overseas travel insurance product. The policy coverage includes adventure sports such as bungee jumping, ... More

Reliance Info launches plan for incoming calls only
Here is a one-way facility for those at the receiving end. Reliance Infocomm has launched `incoming only' recharge voucher for subscribers, who do not have too many outgoing call needs. The voucher, RCV 149, costs Rs 149 and is valid for 30 days. ... More

Rewards Bonanza from ABN Amro
ABN Amro Credit card-holders have a chance to earn rewards. For every Rs 50 you spend, you'll earn one reward point. You can redeem your points against any of the exciting gifts mentioned in the rewards catalogue. The programme is loaded with new ... More

Indian Airlines announces promotional fare
Indian Airlines (IA) has announced a promotional fare of Rs 10,745 to Bangkok or Singapore or Kuala Lumpur (KL). The fare is valid from June 1 to 30. A passenger can fly to Singapore via Chennai, travel to KL by surface transportation (at ... More

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