The Hindu Business Line : Sunday, November 12, 2006

STOCKS
Glenmark Pharma: Buy
Exposures can be considered in the stock of Glenmark Pharma, which trades at about Rs 460. Though the stock has appreciated 40 per cent over the past three weeks on the back of the out-licensing deal struck with Merck of Germany for its ... More

Ranbaxy Laboratories: Hold
Though Ranbaxy's numbers are improving steadily, it may be prudent to adopt a wait-and-watch approach before considering an entry into the stock. More

Adlabs Films: Buy
The commercial risks of the new segments are high as the revenue stream depends heavily on box-office hits. The company, however, remains a safer alternative to pure-film or pure-exhibition plays in the sector. More

Syndicate Bank: Hold
Mobilising low-cost funds and preventing creation of fresh NPAs will be the key variables to impact earnings over the medium term. More

Godfrey Phillips: Hold
Godfrey Phillips' cigarettes business is making commendable returns, while its tea division is proving to be dampener. More

INSIGHT
Revisiting the mid-cap space
The mid-cap rally skidded in the May-June market meltdown after the sustained bull run of the past three years. Just before the meltdown, there was a point at which the mid-cap valuations of select stocks across different sectors had run ahead of ... More

Portfolio with potential
The banking sector, an under-performer in the last rally, is more than making up in the current one. The two stocks that appear attractive from a valuation standpoint are Centurion Bank of Punjab and Andhra Bank, in that order. ... More

CALL-CENTRE
A vital balancing act
Sometimes, it pays to keep life simple. Just as much as disciplined spending does. Most of us enjoy several facilities, which the maharajas of yesteryear would have yearned for. We can aspire for all the latest facilities or gizmos, though ... More

MUTUAL FUNDS
Tata Select Equity: Invest
Though thematic, the scheme is more diversified than other sector funds, reducing the risks that typically accompany such funds. More

Sundaram BNP Paribas Growth: Hold
Investors in Sundaram BNP Paribas Growth can retain their units. The fund comfortably outpaced its benchmark BSE-200 over three- and five-year periods, though its performance has flagged over the last seven months despite its large-cap bias. HSBC ... More

Market View
The surge in international acquisitions by Indian companies, and what is now recognised as a definitive expansion in capital investments, is clearly the much-awaited next phase in the growth phase of the economy. A healthy growth ... More

Biral Midcap: Cement, pharma pruned
Mid-cap stocks that were trounced during the May meltdown took a breather after they came up with positive numbers in the September quarter. Here is a look at Birla Midcap — a fund with a mid-cap orientation — and how it churned its ... More

Fund Talk
I have SIPs in Reliance Growth, Franklin Prima and HDFC Capital Builder for more than a year now. Some of these are performing below average in the last six months. Do you suggest a switch? If I want to start some more SIPs at this ... More

Update
Franklin Templeton Investments announced a tax-free dividend of Rs 6 per unit in its fund Franklin India Prima Plus. The record date for the same is November 15. Prudential ICICI AMC has launched Prudential ICICI Equity and ... More

TAXATION
Travel first-class A/C for exemption
I plan to travel from Chennai to Ahmedabad by train and from Ahmedabad to Palitana and back to Ahmedabad by car. I will be returning from Ahmedabad by train. Can I claim the exemption in respect of LTA on the expenditure incurred for travel ... More

TECHNICAL ANALYSIS
ONGC in consolidation mode
The flat weekly close of ONGC does not reflect the choppiness that was witnessed in this stock last week. The price hit a high of Rs 895 on Monday before weakening to Rs 840 on Wednesday. The medium-term outlook continues to be positive in ... More

ACC
ACC hit an intra-week high of Rs 1,025 before consolidating in a narrow band. The short-term trend reversal seen from the low of Rs 950 is still in force. We expect the stock to move higher to Rs 1,032 and then Rs 1,060 in the short term. Watch ... More

Infosys
Infosys was a strong performer last week, recording a weekly gain of 3.1 per cent. The stock is currently halting at its short-term resistance at Rs 2,155. Infosys has withdrawn thrice from the zone between Rs 2,140 and Rs 2,150 in the last ... More

Trader's Corner
Of all the popular stock market concepts, there is none as credulous as the oft followed `averaging down'. To put it simply, when the stock price goes down, more stock is bought at lower levels so that the average cost of the stock in the ... More

Index Outlook
It was certainly not a smooth sailing for the Sensex last week. The markets hit a stormy patch mid-week that caused the Sensex to dive to a low of 12950. But we were back on course, in placid waters and under clear blue skies by the end of the ... More

Tata Steel
The stock is hovering under its 200-day moving average, threatening to weaken any time now. We reiterate that a close above Rs 520 should be seen before fresh longs are initiated on this counter. The oscillators too are on the brink of giving a ... More

Positive outlook on Nifty futures
More

SBI
SBI moved down in the first two days of the week but recovered from our support of Rs 1,090 to hit an intra-week high of Rs 1,147.4. As per E-wave patterns, the fifth minor from the low of Rs 684 seems to be on now. The target of this wave falls ... More

Reliance Ind
The chart of RIL has not been marred last week, thanks to the recovery seen on Friday. The short-term outlook will turn negative only if the price falls below Rs 1,229. RIL has the short-term target of Rs 1,329. As written before, strong ... More

Query corner
What are the prospects of Wockhardt bought at Rs 390 and Dr Reddy's Labs bought at Rs 742 for the next two months? Uday Padubidri Wockhardt (Rs 411.7): This company is trying to claw its way out of the deep fall it ... More

Tech Tools
I have seen some stocks, which are fundamentally sound showing consistent profits and paying dividends to the shareholders, but as far as their share price is concerned they are stuck in a range for some time. Could you please tell me (in ... More

CHART FOCUS
KEI Industries
KEI Industries had a dream run from the October 2005 low of Rs 162 to its April highs of Rs 523. After a 61 per cent correction post-May, the stock is once more back in the reckoning. The stock is currently consolidating above its long-term ... More

INVESTMENT QUOTIENT
Investment Quiz
1. Elastic Compute Cloud is a venture that aims to make available computing power over the Internet. Which company's brainchild is this project? 2. This pioneering company derives its name from a phrase in ... More

OPEN OFFERS
Devaki Hospitals - Open offer: Reject
Shareholders can retain their holdings, as any step the new management may take to unlock value in real estate, will provide a fillip to the stock. More

INVESTMENTS
To invest, first catch a good broker
Finding a broker can be one of the easiest things on earth, but finding a good one can be difficult. A good broker is one who will understand your investment goals and help you achieve it. But to ensure success in this process, you need to ... More

LIFESTYLE
Yuppies on a shopping spree
Young urban professionals are driven by aspiration and disposable income More

CARS
A classier E-Class
After the successful launch of the new Mercedes Benz S-Class in India, it is now the turn of the smaller, but extremely important, E-Class sedan to get an upgrade. More

Renault-M&M tie-up: Win-win for both
French automobile major Renault's plans for the Indian market are the `better-late-than-never' kind. After all, its domestic rival Peugeot was the first to land on Indian shores during the early years of the auto industry's liberalisation. But, ... More

TWO/THREE WHEELERS
CBZ X-Treme — in the classic Hero Honda mould
All Hero Honda hallmarks — engine refinement, slick-shifting smooth gearbox, top-of-the-class vibration isolation, low engine noise and quality components — have all been carried forward in the CBZ X-Treme. With enhanced visual appeal and aggressive pricing, can the bike give the competition a run for its money? More

ECONOMICS
Banking on trust
The 2006 Nobel Peace Prize was recently awarded to Professor Muhammad Yunus, the founder of the Grameen Bank in Bangladesh. He pioneered micro-credit lending to the poor without any collateral. His business ... More

STOCK MARKETS
Ask not how the market is doing
"How's the market doing" or "what's happening in the market"! People ask these questions all the time, and expect short answers. The problem is whatever the answer, it usually leads to faulty understanding and wrong conclusions. Let's take all ... More

Baskets of X
E-mail your guess before Tuesday to BasketsOfX@gmail.com

Bull's Eye
E-mail your response by Tuesday to BullsEye@thehindu.co.in Blog at: http:BullSigh.blogspot.com ... More

INTERVIEW
For small investor, opportunity online
Online trading is the perfect answer to an investor's concerns on efficiency and transparency. More

PEOPLE
Investment Nuggets
You could call Philip Fisher as the stock market's first `tech investor'. His seminal contribution to the field of growth investing is his book Common Stocks and Uncommon Profits, originally published in 1958, which broke new ground ... More

Money-Talk
Dr Ganesh Natarajan, Deputy Chairman and Managing Director, Zensar Technologies, is a highly successful IT professional, who has carried his wide-ranging knowledge and experience from his earlier ten-year stint as CEO of Aptech ... More

BOOKS
Markets as frictionless and non-linear systems
Information such as stock prices can be a consumable that can be `exploited for profit.' More

NEW PRODUCTS & SERVICES
Children's Day special from ICICI Bank
Starting November 13, there will essay writing and drawing competitions, family games and a host of other activities for children. More details on www.icicibank.com. BL Research ... More

One account, multiple benefits
The State Bank of Travancore has launched a special deposit mobilisation scheme, that gives you multiple benefits on open a savings/current account or a term deposit. The benefits range from a free personal accident insurance for deposits ... More

Golden offer from HDFC Bank
HDFC Bank has launched 24-karat Swiss gold bars under the brand name Mudra. These bars are available in 5, 10 and 50 gram. The prices will be on the basis of the daily rates in the international bullion market. The price is inclusive of ... More

SriLankan slashes rates
You can now fly to Sri Lanka for a song. One-way fares from Bangalore, Kozhikode, Chennai, Kochi, Delhi, Hyderabad and Mumbai to Colombo is now as low as Rs 1,500, and for a return journey Rs 3,000 These fares are one-fifth the normal return ... More

Airtel's Trend
Your fixed-line telephone can now read data from your mobile SIM card. Trend — GSM SIM reader-equipped phone — allows you to copy up to 250 numbers from your SIM card directly to your fixed-line telephone phonebook. Trend costs Rs ... More

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Nifty Companies News
SE Diary
Stock Quotes

Top Stories
Revisiting the mid-cap space

Banking on trust

Travel first-class A/C for exemption

CBZ X-Treme — in the classic Hero Honda mould

To invest, first catch a good broker

Ask not how the market is doing

Looking back
Nov. 5-Nov. 11
Ginger start, confident strides post-earnings

Earnings scorecard for July-September: India Inc glows in the litmus test

Lanco Infratech: Invest at cut-off

Filing returns: Default on refund?

Planning for the second innings

Arbitrage advantage

Portals — for getting a job and investing too

Pulsating new look and features