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INVESTMENT WORLD

STOCKS
Patel Engineering: Buy
Strong presence in high-end infrastructure segments, superior operating profit margins and healthy order book augur well for the earnings growth of Patel Engineering (Patel). Investment in the stock can be considered with a two- to three-year ... More

Emami: Hold
Despite successful launches and a focus on high growth segments, the stock is among the riskier options in FMCG space. More

The on-screen multiplier effect
PVR: Hold
Inox Leisure: Hold
Shringar Cinemas: Buy More

Aztecsoft: Buy
Aztec is expected to ride the bullishness in outsourced product development, though there may be some near-term blips over the next two quarters. More

Thomas Cook: Hold
Thomas Cook's inorganic growth initiatives augur well for medium-term growth; the stock's valuation, however, appears to price in most of the benefits More

Thirumalai Chemicals: Hold
Volatility in prices of raw materials and finished products is a cause of concern More

INSIGHT
It's boom time for equipment makers with the...
Power sector on high voltage

Power equipment trends suggest that big players have the edge in leveraging the power story, with their technical superiority, diversification strategy and careful capacity addition. More

Ultra-low bids for ultra-mega power projects
The two bids for the ultra-mega power projects at Sasan and Mundra reflect good project planning and show that tariffs in the power sector have been artificially high. More

Of Santa Claus and other rallies
A good opportunity for short-term investors to time their entry and exit More

Investing, top-down or bottom-up?
A blend of top-down and bottom-up approach may work to your advantage. Further, while every style has its advantages, one must understand the limitations associated with each. More

MUTUAL FUNDS
PruICICI Power: Invest
With a good track record, the fund has performed consistently and coped well with volatile market phases. More

SBI Magnum Tax Gain: Invest
An investment can be considered in SBI Magnum Tax Gain. It's three- and five-year returns are impressive and have outpaced it immediate peers by 13 percentage points over a three-year period. The fund bounced back from it low of 2001 and the bull ... More

ING Vysya L.I.O.N. — Interest in banking
ING Vysya L.I.O.N. (Large-cap, Intermediate-cap, Opportunities, New offering) Fund is an open-ended diversified equity fund with the mandate to invest across market-cap categories. Over the past quarter, its asset size moved southward, from Rs ... More

Market View
We are likely to see some mid-cap out-performance, particularly once the January results give local investors an idea of the story for FY08. Growth expectations are currently around 15 per cent for FY08 on the previous year. ... More

Fund Talk
Though both arbitrage funds and capital protection funds essentially target risk-averse investors, they are quite different in portfolio structure. Arbitrage funds deploy their money in a combination of debt securities, stocks and stock ... More

Update
DSPML Mutual Fund has extended the offer period for DSPML Tax Saver Fund to December 26. The fund was scheduled to close on December 21. Deutsche Mutual Fund has declared a dividend of 35 per cent in DWS Alpha Equity Fund. The ... More

SUGAR
Bittersweet news for sugar
Sugar stocks have barely reacted to the government decision to partially lift the export ban on sugar, imposed six months ago. Not surprising, as the relaxations have not come at an opportune time for the players. Global sugar prices have ... More

TAXATION
A gift for the in-laws
If my wife gifts a sum of money to my brother or his wife, will she or the recipient of the gift incur tax liability ? I understand that the income arising out of a gift made by a daughter-in-law to a father-in-law or vice versa is to be ... More

TECHNICAL ANALYSIS
Trader's Corner
Novice traders would have come across the term `scalping' when two seniors are discussing their trading strategies. Though the term scalping conjures up images of a barber's razor or to the more imaginative mind, traders tearing off their hair in ... More

Reliance
The stock put up a resilient show last week. Though it could not rally above Rs 1,300, the fall was arrested at Rs 1,230. The medium-term trend has turned sideways but the intermediate-term outlook will stay positive as long as the stock ... More

Nifty may stay in narrow range
More

Tata Steel
The scrip was one of the stronger performers last week, gaining 4.1 per cent. The faint signs of reversal that were visible last week have now been reinforced by buy signals in the weekly indicators chart. The long-term uptrend will be threatened ... More

Infosys
Though the stock lacked strength, it managed to hold above the support at Rs 2,130 last week. The move since the latter part of November is a sideways moving triangle pattern with a flat base at Rs 2,130. Our view on this stock is unaltered. ... More

ACC
The counter reversed from a high of Rs 1,088 on Monday and spent the rest of the week moving sideways. An inability to move past Rs 1,088 is a sign of weakness. If this level is not surpassed early next week, we can see the stock drifting ... More

SBI
The stock could not rise past Rs 1,300, the short-term resistance we had indicated last week, and slid from an intra-week high of Rs 1,281. The movement from the Rs 1,165 lows looks like the second leg of the correction that started from the high ... More

ONGC
The scrip managed to pull back from the brink last Monday and did a splendid job staying above Rs 850 for the rest of the week. The entire correction of the upward move from Rs 620 to Rs 894 could be complete and we could be on to another strong ... More

Query Corner
I have a large quantity of Hindustan Zinc Ltd (bought at average cost of Rs 925). Please give your views on this stock. My holding is for long-term, between one-and-a-half to two years minimum. R. Rajasekaran, S. P. ... More

Chart Focus
We recommend a buy on the stock with a stop at Rs 37 and targets of Rs 50 and then Rs 58. Ashok Leyland bounced off the low of Rs 37.6 earlier this month. The chart completed a 61.8 per cent retracement of the rally from July lows at this ... More

Tech Tools
Can you explain in simple terms what is ETF (exchange traded fund)? Vivek Bhatia Exchange Traded Funds are index funds whose units traded on the stock exchanges. These ETFs passively track specific indices, which could be broad ... More

CARS
The trust quotient
A look at the `Most Trusted' rankings based on a study by TNS Automotive, one of the world's largest automotive research companies. More

New Honda CR-V: SUV ride, sedan feel
The second generation CR-V has just been replaced by an all-new model that is clearly more masculine and visually larger. The new CR-V is a vehicle with SUV underpinnings that has been designed to look, feel and drive very much like a sedan. More

ECONOMICS
No child's play
If you are a parent, you know how a child's mind works — tell your child that she cannot have a particular toy and you can be certain that she'll want just that. Adults are no different. The problem is ... More

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

More

Bull's Eye
E-mail your response by Tuesday to BullsEye@thehindu.co.in

More

FIXED DEPOSITS
Special deposit rates
More

INTERVIEW
Customisation makes portfolio management business a niche
I think people who invest on their own or through mutual funds will eventually graduate to using the services of portfolio managers. I also see the portfolio management business evolving to offer services across asset classes outside of stocks. More

INVESTMENT QUOTIENT
Investment Quiz
1. Established by W H Fysh and Paul McGinness way back in 1920, the company they founded was in the news recently for agreeing to be acquired by a consortium of investors. Name the outfit in question. 2. ... More

INVESTMENTS
Importance of liquidity
Often the day-to-day swings in the Sensex are attributed to buying or selling by foreign institutional investors. If stock prices are linked to the profits companies earn, why are the markets so worried about who is buying or selling? If a ... More

Investment Nuggets
As they are so fond of saying on Wall Street, it takes investors of every kind to make the stock market. In much the same vein, it takes investment gurus of every kind to enrich the treasury of investment wisdom. Meet Burton Malkiel, the ... More

Diversifying, key to success
With an eye on inflation, it would be prudent to start planning one's investment strategy young as it offers the advantage of compounding. The basic principle is to save regularly, says Mr Manoj Shenoy, Regional Director, Anand Rathi ... More

AUTOMOBILES
Silver brushes aside competition, again
A look at DuPont Colour Popularity Report 2006 More

EVENTS

  • Corporate Recap

    BOOKS
    Break 100 habits
    For those who want to put life back into their lives More






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    Top Stories
    The on-screen multiplier effect

    Customisation makes portfolio management business a niche

    A gift for the in-laws

    Ultra-low bids for ultra-mega power projects

    New Honda CR-V: SUV ride, sedan feel

    Of Santa Claus and other rallies

    Investing, top-down or bottom-up?

    It's boom time for equipment makers with the...
    Power sector on high voltage


    Looking back
    Dec. 17-Dec. 23
    Market correction: This time, it's different!

    Strategic rationale for consolidation

    The battle for Corus

    HLL: Buy

    PE ratio: An effective screen-test

    Create a hedge and cut your losses


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