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Sunday, February 25, 2007
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INVESTMENT WORLD

INVESTMENTS
Commodities as an emerging asset class
Commodities are becoming critical for fuelling India's economic growth. Investment in commodities not only has a balancing effect on the portfolio, but also acts as a natural hedge. More

SMART MESSAGE
Guarding against rise in prices
Remember that inflation influences your personal investment decisions in several ways. More

Investment Nuggets
Challenging conventional thinking on investing has been Michael Mauboussin's leitmotif in an investment career spanning over one-and-a-half decades. Michael Mauboussin is currently the Chief Investment Strategist of Legg Mason Capital ... More

MUTUAL FUNDS
PruICICI Emerging S.T.A.R — Heavier on software
PruICICI Emerging S.T.A.R (Stocks Targeted At Returns) Fund was launched in October 2004 with a strategy to invest predominantly in companies with market capitalisation between Rs 100 crore and Rs 2,000 crore. While a few funds view mid- and ... More

UTI Leadership Equity Fund: Hold
With its compact portfolio of large-caps, the fund is suitable for less aggressive investors, but may not be the right choice for investors seeking exposures to mid- and small-cap companies. More

Franklin India Prima Plus: Invest
Franklin India Prima Plus is one among the few funds with a track record of over 12 years. Its performance over three- and five-year periods reinforces our positive view on the fund. The scheme primarily invests in large-caps with about 15-20 ... More

Market View
Rising borrowing costs for Corporate India can be mitigated to a large extent with cheaper overseas borrowings, but retail loans and housing starts are likely to witness a slowdown. However, a slowdown in credit growth is ... More

Update
JM Financial decided to part ways with Morgan Stanley, with whom it had a joint venture in the investment banking and securities broking business. Taurus Mutual Fund has launched a new scheme Taurus INFRA-TIPS, an open-end equity ... More

Fund Talk
I am a 44-year-old NRI living in the Gulf for the past 10 years. I want to begin investing in mutual funds through the SIP route. I have the following funds in mind: Franklin India Bluechip, Reliance Vision, HDFC Top 200, HDFC Equity, Franklin ... More

STOCKS
Mastek: Buy
Investors can consider taking exposures in small lots in the Mastek stock with a medium-term perspective. At the current market price, the stock is trading at a price earnings multiple of 11 times its likely per share earnings for 2006-07. We ... More

Punjab Tractors: Hold
The impressive line- up of suitors and the prospect of the acquirer securing management control raise hopes of an attractive valuation for the stock More

Thermax: Hold
Strong demand from user industries, capacity expansion and improved operating margins are likely to sustain the earnings growth. More

Pratibha Industries: Buy
The revenue streams of the company are markedly different from peers of similar size, making it an unique play. More

TECHNICAL ANALYSIS
Query Corner
Please advice on Hindalco bought at Rs 180. I am long-term investor. Naidu Hindalco (Rs 143.8): Hindalco is among the few stocks that did not recover from the steep fall witnessed in May 2006. The recovery from the June ... More

Index Outlook
Call it a case of nerves. After having waited for weeks and having built large leveraged positions in anticipation of a market-friendly Budget, our markets are suddenly having second thoughts. The mild selling that began in the early part of the ... More

Reliance
RIL held rock steady last week as the rest of the stocks crumbled. It moved in a narrow band between Rs 1,400 and Rs 1,450. A doji star is apparent in the weekly chart, which denotes indecision. But the short-term outlook is positive. The ... More

SBI
The stock has slipped below the medium-term support at Rs 1,100. The next reliable support for the stock exists at the 200-day moving average at Rs 1,004. If we extrapolate the move from the high of Rs 1,378, the C-wave has the targets of Rs ... More

Tata Steel
This stock built on the recovery that started in the previous week and gained 3.8 per cent. Tata Steel has, however, not rallied above the resistance of Rs 468 and Rs 486 that we had indicated last week. Though the oscillators in the daily ... More

Infosys
This counter lost almost 6 per cent. The bearish engulfing pattern in the weekly chart this week has completed an evening star formation. The stock has also closed below its 50-day moving average. This denotes a medium-term peak. This will ... More

ACC
The scrip fell below our medium-term target of Rs 950 last week to hit an intra week low of Rs 897. The stock has also closed below its long-term 200 day moving average. The intensity of the fall on the last two trading sessions suggests that ... More

ONGC
The stock fell below our medium-term support level at Rs 870 last week. The stock has completed a zigzag pattern from the low made in June 2006. The silver lining is that support is near at hand, in the zone between Rs 810 and Rs 820. Since ... More

Trader's Corner
Harish Bhai had made up his mind that he would become a day trader. He was sure that he would be successful, but he wanted to be methodical and systematic about it. So, he decided to test his skills by paper trading for a few weeks first. For ... More

CARS
Fiesta: A grander entry
The new 1.4-litre petrol ZXI version is the latest addition to what is now a six-model line-up of the Ford Fiesta. More

Question & Auto
I am planning to buy a new diesel car in the Rs 7-8 lakh price bracket. I am looking at either the Hyundai Verna or the Ford Fiesta. Which is the better option? I have heard that the Fiesta's ground clearance is very low. Also, is there ... More

ECONOMICS
Newtonian Economics
If you a student of physics, you will know the Principle of Inertia or Newton's First Law of Motion. It is the principle that states that if a body is in a state of rest or in motion, it will continue to rest or be in motion unless an external ... More

STOCK MARKETS
Prominent bulk deals on BSE & NSE
More

Bull's Eye
More

Baskets of X
More

DERIVATIVES MARKETS
Nifty may remain range-bound
More

  • Options Guide

    INTERVIEW
    `Margins are expanding on improving product mix'
    Will the proportion of adspend to our sales go down, from here? I do not think it will, given the competitive scenario we are in. — MR D. SUNDARAM, FINANCE AND IT DIRECTOR, HINDUSTAN LEVER More

    VCs look for clear exit routes
    Venture capitalists are experts who have the ability to take calculated risks to make innovative ideas a reality through encouraging new enterprise. — MR VISHNU VARSHNEY, CEO AND MD OF GVFL More

    INCOME TAX
    How taxing was my trip?
    I am an employee of a company and I went on leave in calendar 2005 for the first time. I did not furnish proof of travel to my employer and therefore he did not allow me the benefit of the exemption in computing the tax to be deducted at ... More

    IPOS
    Page Industries: Avoid
    The valuation parameters appear reasonable but investors are better off avoiding this offer. More

    BOOKS
    Going `reverse' forward
    The book discusses the many advantages of reverse mergers — such as lower cost, speedier process and less dilution. More






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    Top Stories
    Commodities as an emerging asset class

    Query Corner

    Fiesta: A grander entry

    Nifty may remain range-bound

    `Margins are expanding on improving product mix'

    Looking back
    Feb. 18-Feb. 24
    Nifty positive; but may face resistance

    After the dust settles...

    The fear at the margins

    Query Corner

    Raj TV: Avoid

    In Accord with Honda standards

    Patni Computers: Buy


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