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Sunday, February 18, 2007
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INVESTMENT WORLD

STOCKS
Patni Computers: Buy
Investors with a medium term perspective can consider taking an exposure in the Patni Computer Systems stock. At the current market price, the stock is trading at a price earnings multiple of 23 times its calendar 2006 per share ... More

Godrej Consumer Products: Buy
Though rising input costs have exerted pressure on profit margins in recent times, this is being offset by increase in selling prices, as pricing power improves and demand gains traction. More

Hexaware Technologies: Hold
Hexaware expects to double its revenues and post-tax earnings in the next eight-10 quarters. Our cautious short-run view, however, stems from Hexaware's muted first quarter post-tax earnings guidance. More

Subros: Buy
Rapid demand growth for passenger cars and Subros' established presence inspire confidence in the stock More

Numeric Power Systems: Buy
The IT and business process outsourcing boom in the country has propelled the demand for UPS. More

NEW FUND OFFER
Update
Prudential ICICI Asset Management Company has launched Pru ICICI Fusion Fund Series II. The fund is open for subscription until March 16. It is a three-year close-ended diversified fund that will target the growth and re-rating potential ... More

TELECOMMUNICATIONS
After the dust settles...
Reliance Communications losing the bidding war for Hutchison Essar to Vodafone may be a short-term negative for the Reliance stock. Since the stock had not run up significantly in the homestretch to the deal, the downside risks may be limited. ... More

INSIGHT
What Vodafone will collect from the Hutch call
Vodafone Plc, the world's largest mobile operator, has landed a prize catch in Hutchison Essar, marking the British telecom major's full-fledged foray into the Indian mobile market. In a bidding war that lasted over two months, Vodafone clinched ... More

MUTUAL FUNDS
Birla Midcap Fund: Invest
Birla Midcap has consistently outperformed CNX Midcap in 19 of the past 24 months on a rolling-return basis. Investors can route investments in the fund through SIPs. More

Fund Talk
I am 30 years old. I have an offer from my bank for a pre-approved personal loan of Rs 2.5 lakh. The EMI will be about Rs 6,600 over 48 months. The rate of interest is 16 per cent per annum. Being a salaried person, paying that EMI is not a ... More

Market View
Inflationary concerns continue to have plateaus, assisted by falling oil prices that have benefited from a warmer than expected Northern Hemisphere winter. Therefore, we are again entering a phase of risk-seeking behaviour from ... More

TECHNICAL ANALYSIS
Nifty positive; but may face resistance
More

Query Corner
Raymond (Rs 374.1): The long-term support for Raymond exists at Rs 290. The stock has reversed from this level in June 2006 but it could not get past the intermediate term resistance that exists at Rs 500. Raymond has entered a long-term ... More

Tech Tools
I am unable to calculate the RSI and RSI (average). The formula for RSI with me is: RSI = 100 - (100/1 + RS), RS = High/ Low. Pramod C. Surya Rao RSI or the relative strength index compares the magnitude of the stock's recent ... More

Index Outlook
Markets are promising us some edge-of-the seat excitement in the next few sessions. We have the expiry of the February derivative contracts this Thursday followed by the Union Budget presentation three sessions later. Though deep sell offs ... More

Reliance
This stock recouped all the losses suffered in the beginning of last week to end the week with a gain of 1.3 per cent. The white star in the weekly candlestick chart with a long lower shadow keeps the short-term outlook positive for RIL. The ... More

SBI
The stock was bludgeoned last week to an intra week low of Rs 1,085. This stock is perched on the edge of a precipice, hanging on to the support at Rs 1,100. The stock needs to sustain above this level to keep the long-term outlook positive. But, ... More

Tata Steel
Tata Steel is not yet out of the woods. The recovery towards the end of the week was lukewarm and the stock closed the week with a loss of 2 per cent. The short-term resistance for the stock exists at Rs 468 and then Rs 486. The stock's ... More

Infosys
It was a rocky ride for the investors in this stock last week. The price plunged below our stop loss level of Rs 2,300 and then rose sharply on Thursday to close with a weekly gain of 0.9 per cent. The bullish breakout of the previous week has ... More

ACC
Though ACC took a hit last week that dragged it to an intra week low of Rs 982, the movement last week suggests a corrective wave rather that an impulse wave. The short-term outlook for this stock is neutral. The 50-day moving average will ... More

ONGC
ONGC was unscathed by the mauling that most stocks were subjected to last week. The stock reversed from an intra week low of Rs 860 on Tuesday. Though the stock dipped below our short- term support of Rs 870 last week, the 50-day moving average ... More

Trader's Corner
We take the discussion on pivot point forward this week. Some traders believe that pivot-point trading is more suitable for forex or commodity markets and that equity markets are inappropriate as price manipulations are rampant here. The way to ... More

CARS
In Accord with Honda standards
Launched in major markets abroad a few months back, the 2007 Honda Accord hit Indian roads last month. The new, spruced up model is plusher and comes with some useful features. More

TWO/THREE WHEELERS
Now, buy a Bajaj bike online
Bajaj Auto has launched e-biking, a web site where you can simply register, login and order a bike online. More

ECONOMICS
Traffic jams can take a toll
Consider this. An unexpected traffic jam delays your meeting by 20 minutes and you lose business worth Rs 10 lakh. All of us experience frustration from getting stuck in traffic everyday. What do you do? You just wish that everyone stops ... More

STOCK MARKETS
Prominent bulk deals on NSE & BSE
More

Baskets of X
More

Bull's Eye
More

DERIVATIVES MARKETS
The fear at the margins
Act with discretion while opting for margin trading More

FOREIGN INSTITUTIONAL INVESTORS
FIIs, economy and the common man
We have been reading about the large investments being pumped into the stock market by foreign institutional investors (FIIs). The current levels are unprecedented. But what is the larger picture? Is the impact of the FIIs limited only to the ... More

CALL CENTRE
Inflation worries
If there has been any pet `worry story' for this season, it is inflation. If the Reserve Bank of India and the Ministry of Finance are worrying about inflation, need it be said that you as an investor or consumer should certainly worry about ... More

INTERVIEW
`Lack of opportunities not a concern'
Value unlocking in stocks facing out-of-ordinary conditions may take longer than expected. Hence, the focus on an investment horizon of at least three years. — MR MIHIR VORA, HEAD, FUND MANAGEMENT - EQUITIES, HSBC MUTUAL FUND More

Money Talk
Mr Pramod Jajoo is Managing Director of India Operations and Vice-President of Engineering at Xora, a company which delivers mobile workforce management solutions. With a B.S. in Computer Science from BITS Pilani and an M. S. in Computer ... More

INCOME TAX
Hands that give are not taxed
I inherited a part of an agricultural land from my father six years back. I now propose to sell the same and use a part of the proceeds to buy a car. The balance I plan to transfer to my mother. What will be the tax implication in my ... More

IPOS
Raj TV: Avoid
While there could be scope for revenue growth from subscriptions, advertising revenues are likely to remain under pressure, unless Raj really spruces its act on the content front. More

PEOPLE
Investment Nuggets
The public face of the Baltimore-based money management firm, Legg Mason Inc., Bill Miller, is most often cited for his fund's 15-year winning streak against the US stock market index, a feat managed by few others (incidentally, the fund ... More

BOOKS
Sell stocks that keep you awake at night
No speculator can be right all the time. More






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Top Stories
Query Corner

Patni Computers: Buy

Raj TV: Avoid

In Accord with Honda standards

Nifty positive; but may face resistance

The fear at the margins

After the dust settles...

Looking back
Feb. 11-Feb. 17
MindTree Consulting: Invest at cut-off

Uncertainty at the top in ONGC

De-mystifying technical analysis

Nifty may hover around 4200-level

Query Corner

Tata-MDI: A new engine is in the air


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