The Hindu Business Line : Sunday, July 03, 2005

Corporate governance issues in Reliance group
Were the means as good as the end?
THE seven-month-long stand-off between the Ambani brothers has been amicably resolved. But issues of corporate governance with implications for shareholders of the Reliance group companies have come to the fore in ... More

`Growth and value' portfolio outperforms
A `GROWTH & Value' portfolio of ten stocks picked in July 2004 by applying rigorous financial parameters notched up returns of 100 per cent in the past year. It outperformed major indices as well as most equity funds. The 100 per cent return ... More

MUTUAL FUNDS

SPOTLIGHT
Reliance Media & Entertainment Fund: Hold
INVESTORS in the Reliance Media and Entertainment Fund may retain their holdings, as there could be scope for gains. A string of policy announcements by the Government have been favourable for companies operating in ... More

PruICICI Discovery: Hold
PruICICI Discovery has performed impressively since its launch in July 2004. The fund seeks to invest in value stocks — those that trade at attractive valuations in terms of earnings or book value or on the basis ... More

NEW FUND OFFER
Benchmark's Split Capital Fund
Split between risk-averse and risk-seekers
Class A units: Invest More

Small-cap fund fetches 42.5 pc dividend

SBI Mutual Fund has announced a 42.5 per cent dividend under its small-cap fund — the Magnum Global Fund. The record date for the dividend is June 30.

JM Mutual Fund has announced that the record date for becoming eligible ... More

FUND TALK

Should a pensioner invest in tax-saving funds?

STOCKS

Gokaldas Exports: Hold
THE stock of Gokaldas Exports, after recording strong gains on listing and in the initial weeks of trading, has cooled off over the past few of days, on the back of a lower-than-expected rise in profits. The stock, ... More

Shriram Transport and Shriram Investments: Buy
AN investment in the stocks of Shriram Investments and Shriram Transport can be considered. Both these stocks are attractively valued considering their earnings growth record and growth potential. These stocks offer a dividend yield of 4 per ... More

Abbott India: Hold
SHAREHOLDERS can retain their holdings in the Abbott India stock, which trades at about Rs 625. Abbott is one of the leading players in the anti-diabetic therapeutic area (insulin), for which it has an arrangement with ... More

Nagarjuna Construction: Hold
SHAREHOLDERS can retain their holdings in the stock of Nagarjuna Construction. Business Line had recommended a buy on the stock 10 months ago at Rs 190. The stock has since risen four-fold. It now trades at a ... More

Polyplex Corporation: Buy
INVESTORS can consider taking exposure in the stock of Polyplex Corporation, which is quoting at four times its consolidated earnings for FY-05. The stock trades lower than the investment value in its subsidiary, ... More

TAXATION

Can long-term equity losses be moved to the immovable domain?
CAN long-term capital loss arising from the transfer of equity shares of Indian companies be set off against the long term capital gains arising from the transfer of immovable properties? M. K. Visvesvara Reply The long-term capital ... More

TECHNICAL ANALYSIS

Positive near-term trend for Nifty
Preferred view: The index went into a corrective mode with the price action being confined to a trading zone of about 60 points for the week. The near-term trend remains bullish and the index could stretch itself into the target zone ... More

SBI may seek higher levels
SBI (Rs 705): The price action was in line with expectations. The stock dropped to the target zone of the Rs 660-665 range and turned direction subsequently. The share price also closed above the positive trigger level of Rs 690, which has ... More

Focus of the week
SRF (Rs 192.4): The stock has moved in line with expectations. It has comfortably moved past the target zone of Rs 165-170 mentioned earlier (edition dated May 15). After a brief consolidation, the stock appears to have started the next ... More

Query corner
India Cements (Rs 75.7): Though the stock could move up in the near term, the trend would turn bullish only on a close above Rs 86. Hold with a stop-loss at Rs 69 and reduce exposures on price rally. A trailing stop-loss may be used if ... More

TWO/THREE WHEELERS

The new Glam siGn from Hero Honda
THE 125cc-engined premium commuter segment bike market is only a step away from the entry-level 100cc segment, and yet seems facing a peculiar situation. Comparable volumes continue to elude this segment, which is ... More

Glamour attractive for young buyers
I AM looking for information on pricing, mileage, ride quality and power of the new Hero Honda Glamour. How does the new bike compare with the Yamaha Fazer, Bajaj Discover and Hero Honda Ambition 135? Which one will ... More

LIFE INSURANCE

An Young Star plan
The policy can be surrendered any time during its term and the fund value adjusted form surrender charges would be paid to the policyholder. More

ECONOMICS

Rationalising hidden costs
CONSIDER this. You decide to choose between two hotels for your three-week stay at the Himalayas. One charges Rs 5,000 per day without any hidden costs. The other offers a room at Rs 4,750 per day but does not tell you ... More

DERIVATIVES MARKETS

F&O POINTERS
Nifty poised at critical level
Nifty outlook: Last week we had indicated that the Nifty could open weak and rise in the later part of the week due to the settlement of June contracts; we had advised investor to consider either shorting the Nifty or buying 2160 puts @ Rs ... More

Modest rollover
THE trading activity at the F&O segment on the NSE rose due to the settlement of June month contracts; the average daily volumes jumped to Rs 16,846 crore against the previous week's figure of Rs 13,947 crore. The rollover of positions from June More

FIXED DEPOSITS

India Cements: Rates attractive but risk higher
India Cements: An investment in the one- and two-year options may be considered. The rates are attractive compared to what is on offer from a host of other companies. The risks are, however, higher as the company is still in the ... More

INTERVIEW

Enhanced allocation to large caps, driven by stock selection — Mr N. Sethuram, Chief Investment Officer, SBI Mutual Fund
Earlier, when investment decisions were approved by a committee, making a decision took a minimum of 24 hours. I felt that this would not work under current market conditions. Now, no decision takes more than 15-20 minutes. More

INCOME TAX

A question of TDS on reimbursement to consultant
OUR company engages a professional consultant. The consultant is required to visit our factories and offices in different States. He charges us a bill for his professional services. He also gives us a statement of ... More

IPOS

IL&FS Investsmart: Invest at Rs 125
INVESTMENTS in the initial public offering of IL&FS Investsmart at Rs 125 can be considered. The potential for growth in the financial services business is bright and an entrenched player such as IL&FS Investsmart More

SPL Industries: Avoid
INVESTORS can avoid the initial public offering of SPL Industries. We have not factored in any gains on listing as the risks outweigh the benefit of taking an exposure. The Rs 60-70 price band values the stock at 13-15 ... More

Understanding an offer document
THIS section basically tries to tell the reader about the structure of presentation of the content in the offer document. This is with a view to help the reader navigate through the content of an offer document. Cover page: The cover ... More

PUBLIC OFFER

Yash Papers: Avoid
INVESTORS can stay clear of the equity offering of Yash Papers, as returns are unlikely to be commensurate with risks. A four-fold expansion in equity base, a waiting period of at least two-and-a-half years before ... More

COURTS/LEGAL ISSUES

A slip and a fatal fall
IT WAS a freak accident that kept the Uttaranchal High Court busy recently. When bus No. DL IP 1706 reached Jhankaya stop, Khatima, the conductor Niyaj Ahamad got down, climbed on to the roof of bus to download the ... More

INVESTMENT QUOTIENT

Investment quiz
Today Roger Federer will attempt to win the title of the `All England Lawn Tennis Club Single Handed Champion of the World', at Wimbledon, for the third year in a row. Wimbledon is the richest tennis tournament. It also has a history that ... More

BOOKS

Too small to show on investment radars
IF you are searching for `strategies for making big returns in small companies', here is Richard Imperiale's "The Micro Cap Investor," from Wiley (www. wiley. com) to offer some help. "Micro caps are an emerging asset class," informs the preface. ... More

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Pick a Winner Stock Market Contest

Gokaldas Exports: Hold

Positive near-term trend for Nifty

`Growth and value' portfolio outperforms

The new Glam siGn from Hero Honda

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Indo-S'pore Economic Treaty

India Inc's overseas acquisition