The Hindu Business Line : Sunday, December 11, 2005

Adding turbocharger not possible to existing engine
It is not possible to add on a turbocharger to an existing diesel engine in the aftermarket. Considerable changes need to be made to the engine. More

INSIGHT

Sizing up stocks through the risk prism
CLOSELY linked to an investor's assessment of a company's sales and profit growth is the perception about the likelihood of such an outcome — or what financial management pundits call the `risk'. Everybody ... More

Close-end funds are not the answer
CLOSE-END fund offerings made an unheralded exit in the late 1990s, but investors now seem willing to revisit their charms. In recent months, many fund managers have spoken out in favour of close-end funds. A few ... More

Tough going for salaried class
THE Budget-making exercise has started in right earnest and, once again, the portents are ominous for the salaried class. The system of EET — Exempt, Exempt, Taxable — is likely to be introduced, and will ... More

Lest your wealth ends as a bubble
WHAT is wealth? It is the product of man's capacity to think, defines Ayn Rand. Wealth is a tool to measure human welfare, Bill Gates tells Bill Moyers in an interview (www.pbs.org), when recounting how he and ... More

COURTS/LEGAL ISSUES

Negligence apportioned
HERE is a snatch from a recent news story (www.hindu.com, dated November 22): "There was nothing to prevent Mohanasundari from falling to her death from her college bus. No door, no armrest. When the driver ... More

MUTUAL FUNDS

FUND TALK
Is a global fund a good idea?
If you hold a portfolio of equity funds and are interested in diversification, you could invest in short-term debt funds or floating rate funds. More

HDFC Multiple Yield Fund: Invest
AN investment may be considered in HDFC Multiple Yield Fund, which has notched up a satisfactory track record over the past 15 months. Over a three-to-five year period, this fund delivered better returns than those ... More

HSBC Midcap Equity Fund: Hold
INVESTORS can hold the HSBC Midcap Equity Fund in the light of its focussed portfolio and good performance. The fund has comfortably outpaced its benchmark in the eight months since launch, with a 41 per cent return. In ... More

Dividend spree fron UTI MF

UTI Mutual Fund has announced a flurry of dividends. It has declared dividends of 50 per cent each on UTI Petro Fund and UTI Dynamic Equity and 15 per cent on UTI Software Fund. The record date for all three is December 27. A dividend of ... More

STOCKS

Tata Tea: Buy
INVESTORS may consider taking exposures in the stock of Tata Tea at Rs 920. At this price, it trades at 18 times its consolidated trailing 12- month earnings. Its valuation continues to be at a substantial discount to other FMCG companies that ... More

Tata Chemicals: Buy
INVESTORS with a two-year perspective may consider exposures in the Tata Chemicals stock. Though the prospects for the fertiliser business are at best stable, the soda ash cycle is in a decisive up-move. The company is attempting to scale up in ... More

Asahi India: Buy
LONG-TERM investors may consider equity exposure in Asahi India Glass at prevailing levels and on price weakness. The company appears to be taking steps to log a steady growth in earnings. Its efforts to move up the value chain and its thrust on ... More

TECHNICAL ANALYSIS

Near-term outlook remains bullish for Nifty
The Nifty ruled firm and also moved to the target zone of 2740-2750 that was mentioned last week. The near-term outlook remains bullish, as the recent upward move does not appear complete. The index could move to the next target zone at ... More

Positive outlook for key pivotals
SBI (Rs 899): The medium-term outlook is positive and the stock appears on course to move to the target zone of Rs 1,050-1,100. This view would be suspect if the share price closes below the negative trigger level of Rs 800. Investors ... More

Focus of the week
Praj Industries (Rs 106.4): The stock has been one of the star performers at the stock market in the past couple of years. After moving to a high of Rs 131 in August, the stock has moved into a corrective mode over the past few months. ... More

Query corner
Is there any upside potential in MIRC Electronics and Ind-Swift Laboratories? — Raghav Kashi MIRC Electronics (Rs 22.6): The price movement has been devoid of any trend as the stock has been moving in a sideways ... More

CARS

Maruti's offers
Maruti has come out with a special offer — Best Deals of Best Wheels — targeting State government employees. Maruti, in association with SBI, is offering cash discounts of Rs 4,000 on the M800, the Alto, the Zen, the WagonR and the ... More

Toyota's loan scheme
Toyota has joined hands with ICICI, HDFC and Kotak to celebrate the roll out of two lakh vehicles. The tie-up seeks to provide Innova buyers easy lines of credit. Customers, on purchase of the Innova, can choose one of three options on offer ... More

HCV/LCV/TRACTORS

Tata's new launch
TATA Motors has launched TL 4x4, a sports utility truck, in the domestic market. The SUV doubles up as a pick-up truck. Tata Motors has been exporting the TL 4x4 to South Africa and Turkey. A 1948-cc indirect injection ... More

TWO/THREE WHEELERS

Castrol, at your service
MOST two-wheeler owners would have at some time felt the absence of an efficient, manufacturer authorised service centre near their locality. In many cases, even when there are workshops or service centres nearby, ... More

PRECIOUS METALS

Coins and futures, the new road to El Dorado
THE recent surge in gold prices to a 25-year high has done much to repair the metal's image as a good investment. Its value has doubled over the past couple of years. If you already own stocks, fixed deposits and ... More

Gold Futures: For the market savvy
GOLD Futures are for those who have technical knowledge of how commodity markets operate. Mr C. J. George, MD of Geojit Securities, a commodity trading firm, agrees that as of now the majority of the trades in gold ... More

STOCK MARKETS

Profiting from emotions
CONSIDER this. You buy a stock for Rs 100 expecting it to move to Rs 150. Instead, the stock declines to Rs 60. What will you do? If you behave like how my friend did recently, you would keep the stock till it moves back to Rs 100 and then sell ... More

SEBI GUIDE
Switching to paperless mode
Dematerialisation is the process by which physical certificates of an investor are converted to an equivalent number of securities in electronic form and credited into the investor's account with his/her depository participant (DP). What ... More

DERIVATIVES MARKETS

Nifty: Positive trend likely
LAST week we had indicated that the Nifty might exhibit a highly volatile trading pattern. In line with our expectation, the Nifty witnessed volatile swings. Expecting a downward break amidst volatile condition, we had advised investors to ... 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

FIXED DEPOSITS

Cholamandalam - a safe investment
Cholamandalam Investment: Investment in the one-year fixed deposit programme of Cholamandalam Investment and Finance company can be considered. The company offers 6 per cent with interest being paid either quarterly or annually. For ... More

INCOME TAX

Market-savvy management student
I AM a student doing my MBA. I did some trading in equity shares in the previous year 2004-05. The trading was usually with a short-term holding. All the trading was done on or after October 1,2004 and was through a ... More

IPOS

Radha Madhav Corporation: Avoid
INVESTORS can avoid the initial public offer of Radha Madhav Corporation. The offer price of Rs 20 appears expensive. The key risks are sustaining margins at current levels, volatile cash flows and lack of management ... More

Tulip IT Services: Invest at cut-off
INVESTORS with a high-risk appetite can consider subscribing to the book-built initial public offering by Tulip IT Services (Tulip) at the cut-off price. Risk-averse investors can stay away from this offer. The price ... More

Punj Lloyd: Invest at cut-off
INVESTORS with an investment horizon of two-three years can consider subscribing to the book-built initial public offer of Punj Lloyd. At a price band of Rs 600-700, the stock commands a price-earnings multiple of ... More

PVR: Invest at cut-off
THE initial public offer of PVR Ltd, the largest multiplex operator, is worth an investment from a long-term perspective. Our recommendation is not linked to gains on listing. We take a positive view on the potential of ... More

PUBLIC OFFER

Ramsarup Industries: Invest
INVESTORS with a long-term perspective can subscribe to the public offer of Ramsarup Industries (Ramsarup). At an offer price of Rs 60, the stock commands a multiple of five-six times its likely FY-06 earnings on a ... More

BOOKS

Planning prevents panic
CHECK if you agree with the following statements: "I don't want to spend my final days in a nursing home. I don't want to be on welfare (aid). I don't want my family's health and finances ravaged because of my aging and death." If yes, here is ... More

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Top Stories
Tough going for salaried class

Close-end funds are not the answer

Sizing up stocks through the risk prism

Near-term outlook remains bullish for Nifty

Coins and futures, the new road to El Dorado

Lest your wealth ends as a bubble

In Focus

Dynamic Tirupur

Trends in IT - 2005

FDI in retail sector

Indian Aviation: Sky is the limit