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INVESTMENT WORLD
OPEN OFFERS
Vanavil Dyes: Reject
SHAREHOLDERS of Vanavil Dyes and Chemicals can reject the open offer being made at Rs 45.9, which is substantially lower than the prevailing market price of Rs 63. A section of the shareholders is entitled to ...
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INVESTMENT BANKING
SEBI GUIDE
Understanding the role of intermediaries
syndicate members, registrars to the issue, bankers to the issue, auditors of the company, underwriters to the issue, solicitors, etc are the intermediaries to an issue. The issuer discloses the addresses, telephone/fax numbers and email ...
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AUTOMOBILES
Loss of love and affection, Rs 25,000
ON APRIL 20, the Madras High Court decided a bunch of appeals arising from an accident that occurred on December 19, 1994. A 38-year-old doctor, employed as a part-time Senior Registrar in anaesthetics in the Northern and Yorkshire Regional ...
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INSIGHT
Textile exports, post quotas — The unfolding growth story
TEXTILE stocks have been in fashion over the past 18 months or so. Expectations that the Indian textile industry would gain from the removal of quantitative restrictions on textiles and clothing from January had led ...
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Are valuations stretched now?
With the Sensex crossing the 7000 mark, valuations belonging to `mid-cap', `small-cap' and `value stocks', are at a high. But one must be practical in investing and not expect yearly returns of the kind seen in 2003 and 2004. For expectations of 10-1 2 per cent returns, equities are still the best bet.
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Direct-to-home connection
Dish TV: Not a feast for the eyes, yet
FOR TV viewers today, DTH is the buzzword; hoardings and advertisements are exhorting them to buy the dish that will transform their small screen. Offers now available provide a DTH (Direct-to-Home) system at prices substantially lower than what ...
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Low-cost airlines: They may need more than a wing and a prayer
Budget carriers abroad have several weapons to cut their costs; but Indian carriers have access only to a few of these. Budget airlines abroad cut operating costs by dispensing with expensive in-flight services.
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FOREX
Forex market follows the sun around the world
WALL Street's `best-kept secret' is revealed in Raghee Horner's "Forex Trading for Maximum Profit" from Wiley (www. wiley. com). If you think the subject is new, you aren't alone, assures the author. "No one is born knowing how to trade; we all ...
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MUTUAL FUNDS
SPOTLIGHT
Alliance Buy India Fund: Book profits
INVESTORS should consider booking profits in the Alliance Buy India Fund to lock inthe impressive 100 per cent returns from the fund over the past one year. As a theme fund playing on the purchasing power of Indian ...
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SBI Magnum Emerging Businesses Fund: Hold
INVESTORS in SBI Magnum Emerging Businesses Fund can stay with the fund. It has performed impressively since its launch in August 2004, registering returns of 66 per cent. In the last six months, it has notched ...
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SBI unveils Magnum Comma Fund
Franklin Templeton Mutual Fund has announced a dividend of 20 per cent, or Rs 2 per unit, on FT India Balanced Fund. The record date is June 15. The fund has also declared a dividend on Franklin India Prima fund. The record date is July ...
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STOCKS
Century Textiles: Hold
SHAREHOLDERS of Century Textiles may remain invested, as there appears room for expansion of earnings in its cement and textiles businesses. The stock has trebled over the past couple of years and trades at a price-earnings multiple of 17 ...
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Balrampur Chini Mills: Hold
AFTER two years of significant expansion in earnings, sugar companies may record modest earnings growth this financial year. Sugar prices are already beginning to flatten out, with production set to bounce back in the coming season ...
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Sesa Goa: Buy
AN investment may be considered in the stock of Sesa Goa that trades at about Rs 580. The company's earnings for FY 06 are likely to reflect the benefit of 70 per cent hike in iron-ore prices that has been agreed ...
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Geometric Software: Hold
RECENTLY, Geometric Software revised its management guidance for 2005-2006 downwards in the light of two developments: Shift in the commencement date on several projects to the next quarter; Delay in the ...
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Reliance Capital: Hold
SHAREHOLDERS of Reliance Capital can continue to hold the stock. Fresh investments can be avoided now as there is nothing substantive to base the investment decision upon. Reliance Capital's performance has not been ...
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TECHNICAL ANALYSIS
Indices overstretched; correction appears due
Preferred view: It was quite an eventful week at the stock market. The Nifty scaled a new peak by moving past the earlier high of 2183 recorded in March. The index also moved past the psychological 2200 mark on Friday. It, however, ...
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Query Corner
I bought Ranbaxy at Rs 1245, with expectations that it would move to Rs 1500. Is there any possibility of the stock moving to this level? — Vidhya Ranbaxy (Rs 1104.2): Though the outlook appears bullish, it would be ...
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Positive trend in Reliance
Reliance Ind (Rs 654.7): The stock moved in line with expectations. It ruled firm and moved comfortably past the target zone of Rs 630-635. It appears on course to move to the next target zone of Rs 675-680 that was mentioned last week. ...
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Focus of the week
Godrej Industries (Rs 227.7): The long-term outlook for the stock is bullish. After a sharp upward move that lasted till early June, the stock went into a sharp corrective phase that appears to have been complete at the recent low at Rs ...
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CARS
QUESTION `N' AUTO
Protecting car during monsoon
I PURCHASED a new Tata Indica DLS late last year. This is my first car and I drive about 35 km daily within the city. How do I take care of my vehicle during the monsoon season, especially in Mumbai? Second, during this season the windows ...
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Maruti 800 price slashed
MARUTI Udyog has announced a Rs 16,000 price cut on its mainstay, entry-level car model M-800, taking it below the Rs 2 lakh price tag. While the non-AC version will cost Rs 1.99 lakh, a drop of Rs 16,286, the air-conditioned version comes at Rs ...
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Buy a Corolla, get a chance to holiday abroad
Toyota Kirloskar Motor has announced a `Top of the World' contest for Corolla customers. All those who buy the Corolla in the next two months will get a chance to win a holiday abroad. Toyota says that one among seven Corolla customers will ...
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TWO/THREE WHEELERS
New Crux is in the performance
THE entry-level commuter bike segment has witnessed a lot of action during the past few months. Emerging as a significant sub-segment, entry-level motorcycles have contributed smartly to many a two-wheeler manufacturers' overall share in the ...
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ECONOMICS
Economics of marriage
MY FRIEND is economically motivated to get married! No, he does not intend on taking dowry. On the contrary, he strongly believes that marrying a non-working girl can economically improve his life. His belief comes from a working paper ...
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DERIVATIVES MARKETS
Reliance Capital in focus
THE trading activity at the F&O segment on the NSE picked up ahead of the settlement of June month contracts; the average daily volumes jumped to Rs 13,947 crore against the previous week figure of Rs 9,638 crore. The roll-over of positions from
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Mixed signals for Nifty
Nifty outlook: The Nifty is looking a little mixed up, with the June contracts is heading for settlement during this week. While the sentiment indicators such as put/call ratio, implied volatility and cost-of-carry present a bearish ...
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FIXED DEPOSITS
Madras Cements: Invest
Madras Cements: An investment may be contemplated in the fixed deposit programme of Madras Cements; the one- and three-year options may be considered. It may be better to opt for the three-year option than the two-year fixed ...
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INCOME TAX
Assessing officer duty bound to issue summons to parties concerned
WE ARE civil engineering contractors carrying on operations in several States. We employ labour contractors and sub-contractors at the work site and our association with them is only for a short duration. Our turnover ...
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Date for electronic filing of TDS returns extended
The Finance Ministry has extended the due date for the electronic filing of annual returns for tax collection at source for the financial year 2004-05. The Central Board of Direct Taxes (CBDT) has extended it from June 30 to July 31. The ...
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Evidence of payment of securities transaction tax
THE National Stock Exchange has received queries from various quarters with respect to evidence of payment of securities transaction tax for claiming deduction under Section 88E of the Income Tax Act. In this regard, ...
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IPOS
Nectar Lifesciences: Invest at cut-off
AN INVESTMENT in the initial public offer of the Chandigarh-based Nectar Lifesciences can be considered. Investors may subscribe to the issue at the cut-off price; this would entail paying Rs 240 per share on ...
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Era Constructions: Invest
AN INVESTMENT in the equity offer of Era Constructions can be considered. At an offer price of Rs 72, the stock is valued at 10 times the expected FY-06 per share earnings on the post-issue equity base. The industry ...
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CARTOON
Shortsell
"The bad news is, there was a crash. The good news, it's the hard-disk that crashed and not the market."
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