The Hindu Business Line : Sunday, November 13, 2005

Karur Vysya Bank: Buy
The stock is trading at eight times its earnings for the 12-month period ended September 2005 and at about 1.25 times its book value. Relative to size and past performance, the stock is not under-valued. With steady earnings growth, returns ... More

Gammon India: Buy
INVESTORS with one/two-year horizon can consider taking exposure to the Gammon India stock. A bulging order-book, improving margins and a well-diversified order-mix lend optimism, despite the stock trading at a rich ... More

Atul: Book profits
INVESTORS may consider divesting their holdings in the stock of chemicals manufacturer Atul. Though at current market prices, the value of its equity portfolio accounts for more than half of stock's price of Rs 120, the ... More

Kirloskar Brothers: Buy
WE RECOMMEND investors to buy the stock of Kirloskar Brothers (KBL) at Rs 235. The stock has delivered a more than ten-fold return since our last recommendation, to buy, in June 2004. We believe the stock still has good ... More

GlaxoSmithKline Pharma: Hold
WITH frontline domestic pharma majors such as Ranbaxy and Dr Reddy's having to contend with heightened pressure on the generics front in the key American market, stocks of pharma MNCs appear the safer option. ... More

INVESTMENT QUOTIENT

Investment Quiz
1. $100 billion in revenues in a quarter is a milestone that was achieved for the first time ever in July-September 2005. Name the company, which swept past the mark and fell only a tad short of $10 billion in earnings? 2. Maruti now has ... More

OPEN OFFERS

SSI: Reject
SHAREHOLDERS of SSI can reject the open offer being made by the promoters of the company at Rs 45 per share. The current market price of Rs 82 is higher than the open offer price. The promoters of SSI are making the open offer to pick up an ... More

AUTOMOBILES

Bajaj Avenger is underpowered
I AM planning to buy my first bike. I had earlier decided on the Bajaj Pulsar DTS-i 150 cc, but I now the new Avenger has caught my fancy. My dilemma nevertheless continues, and I am wondering whether to opt for the new cruiser or not. I ... More

INSIGHT

Funds that offered the best five-year ride
NO MATTER what people may say of stocks, selecting the best equity funds for your portfolio is certainly not a task for that famous dart-throwing monkey. The choice of equity funds can make a huge difference to your ... More

Are Indian equities all that expensive?
With reforms slowing perceptibly, FIIs may fear that the growth engines are fast running out of stimulus. If such fears prove unfounded and listed Indian companies continue reporting earnings growth of over 15 per cent in the next four quarters, the FII flows will be back with a bang. More

Will disinvestment soon be back on track?
SHARES of public sector companies were back in the limelight the last two days. And the immediate provocation appears to be the statement of the Finance Minister, Mr P. Chidambaram, that the Government is considering ... More

COURTS/LEGAL ISSUES

ESI Act vs MV Act
ON MAY 3, 1991, around 6-40 p.m. Vijaya, employed as a packer, waiting to return home, was hit by a bus engaged by the company. Vijaya approached the Motor Accident Claims Tribunal (MACT) for compensation. United India Insurance Co Ltd (UI), ... More

MUTUAL FUNDS

SPOTLIGHT

HDFC Long Term Advantage: Buy
INVESTORS can consider exposures in HDFC Long Term Advantage, as it remains one of the more consistent performers among equity funds. An investment in this fund will qualify for deduction under Section 80-C of the ... More

Prudential ICICI Growth: Sell
INVESTORS in Prudential ICICI Growth Plan may cut exposures, as the fund continues to lag its peers; this is despite an improvement in performance over the past few months. The latter may be used as an opportunity to ... More

Benchmark Split Capital: Invest
Investors thinking of insuring their portfolios against further losses due to a stock market decline can consider investing a portion of their funds in the Class `A' units of Benchmark Split Capital Fund. More

PORTFOLIO MOVERS
UTI Growth and Value
A BLEND of value and growth stocks has the potential to smoothen the ride during roller-coaster market phases. A steep fall in growth stocks during a market decline is likely to be offset by the dividend-yielding capability of value stocks. Thus, ... More

FUND TALK
Track record of product is key
While selecting a fund, it is best to go by the long-term track record of the particular product you are looking at, rather than by the identity of the fund house. More

TECHNICAL ANALYSIS

Query Corner
Kindly advise about my holdings in Manali Petrochemicals bought at Rs 19.75 and Dabur at Rs 166.50. — S. Suresh, Srikanth Seshagiri, Tarun Saraf Manali Petro (Rs 24.2): As anticipated (edition dated October 9), the stock ... More

Nifty packs momentum but correction likely
The index ruled strong and moved past the first resistance zone at the 2460-2470 range. This helped the index move to the next target zone of 2530-2550 that was mentioned last week. Taking into account the recent uptrend, there is a case for a ... More

Bullish undertone in SBI, Reliance
SBI (Rs 871): Contrary to expectations, the stock ruled firm and moved past the bullish trigger level of Rs 862. As is the case normally, if the stock has the strength to move past a resistance zone, the trend would continue for a while ... More

Focus of the week
Balrampur Chini (Rs 89): The stock has been moving in a sideways pattern for almost three months now. This could be part of a consolidation pattern before the start of the next leg of the upward move. The stock appears to be tracing ... More

CARS

WHEELS `N' DEALS

Toyota's loyalty offer
TOYOTA has come out with a one-time offer to its customers who continue to own the Qualis. Customers have been sent brochures along with a card and a bonus coupon of Rs 30,000 for the Innova. A test drive of the Innova entitles them to a limited ... More

Offers on Ikon Flair, Fusion
Customers can drive out in a Ford Ikon Flair for a down payment of Rs 56,000. Ford, along with financiers, is offering to fund purchases and pay for insurance cover and life tax. ICICI Bank will provide financing of up to Rs 5 lakh for the ... More

ICICI Bank's financing schemes
ICICI Bank is offering to fund fully the on-road cost of Maruti's small cars — M800, Alto and WagonR. Loans with a maximum tenure of seven years are available. The scheme also covers the Indigo. The bank is offering 20 gm of gold on ... More

TWO/THREE WHEELERS

Hero Honda's new duo
HERO HONDA continues to be the undisputed leader in the two-wheeler market despite other manufacturers constantly trying to nibble at its share and collaboration issues with its Japanese partner. Not content with its traditional focus ... More

Bajaj's low interest deals
Bajaj Auto, along with Bajaj Auto Finance, is offering the Wave at zero per cent interest and no processing fee. The scheme comes in tenures of 12 and 18 months. Under the 18-month option, Bajaj will fund up to Rs 30,000 and under the ... More

REAL ESTATE & CONSTRUCTION

Housing futures
INDIA is far behind the US when it comes to introducing innovative financial products. This was apparent last week when the government finally approved the amendment of a regulation that would enable trading in mortgage-backed securities. Such ... More

STOCK MARKETS

SEBI GUIDE
Penalties in the takeover process
WHAT happens if the acquirer/target company /Merchant Banker violates the provisions of the Regulations? The Regulations have laid down the general obligations of acquirer, target company and the Merchant Banker. For failure to carry out these ... More

DERIVATIVES MARKETS

F&O POINTERS
The firm trend may continue in Nifty
If the Nifty sustains current levels and opens on a strong note on Monday, then it could go up to a high of 2610 and may even to 2680. More

Options guide
Call option: A call option gives the buyer `the right but not the obligation' to buy the stock at a specified price on a future date. Put option: A put option gives the buyer `the right but not the obligation' to sell a stock ... More

INCOME TAX

Selling property to buy property
I PURCHASED a plot of land in a metro seven years ago. I would now like to sell the land. Can I retain the proceeds received on sale of land in a savings bank account or fixed deposit account till I purchase or construct a house or till I file my ... More

Tax-free renovation
I HAVE taken a housing loan of Rs 10 lakh from ICICI Home Finance. This loan was taken for purchase of the house. I have taken a further loan from a housing finance company of Rs 6 lakh for renovation of the house. Will the interest on Rs 6 lakh ... More

IPOS

Piramyd Retail: Avoid
Piramyd Retail offers shoppers a distinct retail model, which could succeed in attracting footfalls. But it might be a bit early for the company to attract premium valuations. More

Bombay Rayon: Invest
INVESTORS with an appetite for risk can consider subscribing to the initial public offer of Bombay Rayon. Those who meet their targeted returns upon listing would be better off taking profit. The outlook is positive ... More

BOOKS

Trading is not investing
Parag Parikh would only be too happy. For, he'd written in January, "The year 2005 marks the beginning of the Indian equity tidal wave, which will also attract international investment companies to set up bases in India," in the preface to his ... More

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Gammon India: Buy

Funds that offered the best five-year ride

Nifty packs momentum but correction likely

The firm trend may continue in Nifty

Are Indian equities all that expensive?

In Focus

Indian Aviation: Sky is the limit

Stock splits

India Inc's bonus bonanza

Dabhol power regenerated

Sethusamudram Canal Project