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Sunday, August 14, 2005

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INVESTMENT WORLD

INSIGHT


Monsoon effect: No rain-shadow on India Inc
AT this time of the year, it is usual for market observers to attribute the gyrations in stock prices of companies in certain sectors to the "monsoon effect". The prospect of delayed or inadequate rains usually ... More

Bubbles, valuation and informed investing
If you invest in stocks enamoured by their earnings generation capacity and have the financial strength to hold through market cycles, you will certainly earn returns. More

Oil companies over the barrel
The government's compulsions to maintain retail prices of the two fuels and its inability to foot no more than a small share of the subsidy on LPG and kerosene is costing the oil companies dear. Their finances are under severe strain and major projec ts are being put on hold. It is not surprising that the recent market rally has given oil stocks the go by, and that investors are waiting for better times in the industry. More

MUTUAL FUNDS


PORTFOLIO MOVES
Kotak Mutual slant to IT, banking
KOTAK Mahindra Mutual fund is managed by Kotak Mahindra Asset Management Company, a wholly-owned subsidiary of Kotak Mahindra Bank. The fund house has reduced its exposures in several stocks over June and July. ... More

Franklin Prima: Invest in small lots
AN investment may be considered in Franklin India Prima Fund, as its performance continues to be top-notch. Its portfolio also holds promise of steady gains and is in a superior position to weather any downturn in the ... More

Reliance Banking: Pare exposures
THE relentless upsurge in the prices of banking stocks has continued well into 2005 with the result that the Reliance Banking Fund, launched in May 2003, has accumulated returns of 210 per cent till date. Stocks in the ... More

Chola Midcap: Hold
INVESTORS can stay with Chola Midcap. The fund, launched last August, has delivered an impressive performance on the back of the strong rally in mid-cap stocks. The fund invests in stocks with a market capitalisation ... More

Sundaram Mutual launches Capex Opportunities Fund

  • Sundaram Mutual has launched Sundaram Capex Opportunities Fund. The offer will be between August 10 and September 5. This open-end fund will invest in companies that have a presence in the capital goods sector. The universe will ... More

    FUND VIEW
    `Indian markets will attract sustained flows': Franklin Templeton Mutual Fund
    THE sustained FII flows indicate that the return expectations of global investors could be lower than those of domestic investors. On the other hand, recent economic data has been ahead of expectations due to a ... More

    FUND TALK
    How often should I book profits?
    In a recent TV programme, an expert was asked whether it is worthwhile for a retail investor in equity funds to book profits now, in view of the record high levels of Sensex and other indices. He was categorical that this should not be ... More

    STOCKS


    Orient Abrasives: Buy
    AN investment may be considered in the Orient Abrasives stock when it settles on an ex-stock split basis next week, as it holds promise of appreciation over a one- to two-year period. Based on the split ratio, it is likely to settle at about Rs ... More

    Bajaj Auto: Buy
    AN investment can be considered in the stock of Bajaj Auto, especially on weakness linked to the broad markets. The company has managed to report another quarter of improved performance. A 33 per cent rise in ... More

    GHCL: Buy
    SHAREHOLDERS can consider taking fresh exposure to the stock of GHCL (formerly Gujarat Heavy Chemicals), which trades at 13 times its trailing 12-month earnings. Higher realisations have increased the company's margins for the first quarter; ... More

    Hindustan Construction: Hold
    SHAREHOLDERS can remain invested in the Hindustan Construction stock despite the company's sharp run-up in price and the declining operating profit margin. At the current market price, the share trades at about 17 times its expected FY-06 ... More

    National Aluminium: Hold
    SHAREHOLDERS can consider retaining their exposure in the National Aluminium Company (Nalco) stock at the current price levels. Since the stock has run-up sharply, fresh exposure can be avoided for now. Any ... More

    Rajasthan Spinning: Hold
    DESPITE a sedate growth in revenues, Rajasthan Spinning recorded an impressive jump in profits for the quarter-ended June 2005. Stable raw material prices and improved operating efficiencies translated into a healthy ... More

    TECHNICAL ANALYSIS


    Query corner
    Please advise whether to hold or sell GlaxoSmithKline Pharma. — Sudhir Padhye, Suma Sudheer Glaxo (Rs 911.8): The long-term trend is bullish and the stock could move to the Rs 1000-1050 range shortly. There is no ... More

    Momentum wanes in Nifty
    Preferred view: The expected short-term correction materialised during the week. This was reflected in the form of a lacklustre activity, and the Nifty remained unchanged on a week-on-week basis. Contrary to the strong bullish ... More

    Reliance may test support level
    Reliance Ind (Rs 703.7): The stock ruled weak and dropped below the first support level at the Rs 708-710 range. The recent price patterns suggest that the share price could test the next support level at the Rs 680-685 range. The ... More

    Focus of the week
    Tata Chemicals (Rs 188.3): The outlook is positive and the share price could move to the Rs 225-230 range in the near term. The positive outlook would be in force as long as the stock holds above the stop-loss level of Rs 160. A ... More

    CARS


    Swift in race with Getz
    QUICK, think of a manufacturer most likely to launch a globally acceptable, dream small car for the masses in India. A car that is technologically superior, feature rich, performance oriented and yet fuel-efficient. If we had posed that question ... More

    Setting a tech benchmark
    MARUTI was caught unawares just before the turn of the millennium, when Hyundai beat the near monopolist by being the first to offer new technology in a new small car that met the stipulated emission norms. The technology platform that helped ... More

    Front to the wall ad strategy
    POSITIONED smack in the middle and dominating the showroom foyer, the over-sized poster of the near-bare back of a woman was attracting more than hesitant stares. Customers walking back after the trial were sheepishly trying to stick `Post-Its' ... More

    Engines, inside out
    THE Getz and the Swift are set very close to each other on performance parameters. Both feature 1.3 litre engines that have been derived from existing mills — the Accent's in the case of the Getz and the Esteem's in the case of the ... More

    Santro Xing to cost more
    Hyundai has raised the price of the Santro Xing by a maximum of Rs 11,000; the price hikes will cover the Euro III variants — XK, XL and XG. Alagappan ... More

    Optra at less than Rs 7 lakh
    Chevrolet is offering the lower end of the Optra 1.6L at Rs 6.99 lakh (ex-showroom, Delhi). Special offers are also available on the other variants of the Optra. The offer, which opened on August 6, is open up to August 17. ... More

    Offers from Tata Motors
    Tata Motors has fallen in line to share the burden of its customers affected in the rains that lashed Mumbai. The company has announced a special service offer for owners of its cars in Mumbai and its suburbs, which have suffered damage from the ... More

    New version of Indigo
    Tata Motors has come out with Indigo-Tdi, a new version of its diesel-powered sedan . The only change is that the turbo charged car is fitted with an intercooler to boost the vehicle's performance to 70PS. Alagappan ... More

    Celebrating 60 years offer from M&M
    Mahindra & Mahindra, as part of its 60th year celebrations, has come out with a special offer. Customers are entitled to gifts ranging from Scorpios to special edition watches from Timex on purchase of every vehicle from its stable. Mahindra is . More

    TWO/THREE WHEELERS


    WHEELS 'N' DEALS
    LML's CRD 100
    LML has launched CRD 100, a new bike in the standard segment. An 8.2 bhp engine, which generates a torque of 0.84 kgm, powers the bike. The entry-level bike comes in two variants, priced at Rs 31,430 and Rs 32,430. Bastra of Germany has ... More

    ECONOMICS


    Neuro economics
    YOU might have read about the strike at the Honda Motor Cycle factory in Gurgaon. Production was disrupted for sometime causing losses to the company and, perhaps, to the workers as well. This goes against the basic principle of economics. If the ... More

    STOCK MARKETS


    He makes big bucks from small margins
    "The uptrend will continue but the market will be volatile. I would say the equity market is getting a little dangerous now." More

    DERIVATIVES MARKETS


    SEBI GUIDE
    A sneak view of margin trading
    Secondary market refers to a market where securities are traded after being initially offered to the public in the primary market and/or listed on the Stock Exchange. Majority of the trading is done in the secondary market. Secondary market ... More

    IDFC in F&O list
    TRADING activity was robust last week even as there was a high degree of volatility at the derivative segment on the NSE; the average daily turnover was Rs 17,227 crore against the previous week's figure of Rs 17,123 crore. IDFC, which ... More

    F&O POINTERS
    Volatility may continue
    NIFTY outlook: Last week, we had anticipated a volatile trading pattern in Nifty and it moved in line with expectations. To benefit from the volatile trend, we had advised investors to go short if the Nifty dips below 2350 levels and had ... More

    FIXED DEPOSITS


    KCP Sugar offers 9% interest
    KCP Sugar and Industries: Investors can consider subscribing to the two-year fixed deposit programme from KCP Sugar and Industries Corporation. A cyclical upturn in the sugar industry, coupled with lower interest costs has significantly ... More

    INCOME TAX


    The good and bad news about e-filing of I-T returns
    HAVE you missed the due date for filing income tax returns and are reluctant to pay the penal interest for delayed filing? Thanks to electronic-filing (e-filing), you have another chance and don't have to the pay the ... More

    Can tax benefit be claimed on the entire EMI when house is jointly owned?
    I HAVE taken a housing loan to purchase an apartment. The loan is in my name and I am paying the EMI . The property is, however, in the name of my wife and me. My wife does not have any income. Can I claim tax ... More

    IPOS


    Sasken Technologies: Invest at cut-off
    INVESTORS with an appetite for risk can take exposurein the book-built public offering by Sasken Communication Technologies (Sasken). As a products-cum-services play focussed on the telecom vertical, Sasken will be ... More

    BOOKS


    Seven steps to trading success
    IF you are unaware of your blind spots as a trader, you can be run over by a nasty eighteen-wheeler before you know what hit you, warns Price Headley of BigTrends.com in his foreword to a new book by Toni Turner, "Short-term Trading in the New ... More


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  • Pick a Winner Stock Market Contest

    Top Stories
    Monsoon effect: No rain-shadow on India Inc


    Bubbles, valuation and informed investing

    Momentum wanes in Nifty

    He makes big bucks from small margins

    Oil companies over the barrel

    Swift in race with Getz

    In Focus

    BHEL Disinvestment
    The Yuan Revaluation
    Dabhol power regenerated
    Tracking the rains
    Sethusamudram Canal Project
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Aug. 7-Aug. 13
    Reliance: Restructuring set to unlock value

    FIIs: Winning streak in Indian equities

    Mutual fund investing on auto-pilot mode

    Acquisition by Oracle — Keep the i-flex stock on hold

    Hold them for sweet returns

    Corrective phase ahead


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