Even as shorter-term domestic concerns regarding interest rates and inflation persisted, the markets relented under global liquidity concerns as investors seemed to focus more on the bad news. The question really is does ...
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STOCKS
BHEL: Buy
Investors can consider exposure in Bharat Heavy Electricals (BHEL) with a medium-term perspective. Since the markets are likely to remain volatile in the near-term, any weakness linked to the broad market can be utilised to step up exposure. ...
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Tata Elxsi: Buy
Strong business environment for offshoring, encouraging demand for product design and engineering services and good financial performance are positives.
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TECHNICAL ANALYSIS
Query corner
I have bought Valecha Engineering at Rs 210 and Lloyd electric at Rs 173. I would like to know the short- and long-term targets for the same. Vinod, Mathew Valecha Engineering (Rs 215.1): Valecha Engineering has made a long ...
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Index Outlook
If one word can sum up the market mood last week, it is resignation. After the deep cut received in the previous weeks, market participants seem resigned to the fact that this correction will not end in a hurry. The profit booking that met each ...
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Trader's Corner
Many a time, during the trading day, one comes across the perfect break out in a chart accompanied by buy signals in the momentum indicators. But we do not act upon it. A stray news item we had read in the morning or a conversation we had with a ...
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Long-term reversal in ACC
The scrip continued to receive a trouncing at the bourses losing 7 per cent last week. The stock has moved below the long-term support that exists at Rs 787. The long-term bull phase that commenced in April 2003 has been fractured in this stock. ...
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SBI
There is no abatement in the selling pressure in this counter. SBI is down 34 per cent from its all-time high that was made in December 2006. It has also closed below its 200-day moving average for the second week in a row. The long-term support ...
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Tata Steel
This counter could not get past the resistance at Rs 460 that we had indicated last week and closed on a flat note. The 50-day moving average at Rs 460 continues to be an important resistance for the short term. Traders can continue to short ...
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Infosys
The stock remained subdued hitting a low of Rs 2,011. The bearish engulfing candle on the weekly chart does not bode well for the short term. The stock has been able to retrace only 38.2 per cent of the fall that it recorded since its peak at Rs ...
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Reliance
The stock could not get past the 50-day moving average positioned at Rs 1,350 last week. The movement last week suggests that we are in the second wave of the downward move that began from the top at Rs 1,445. This move can evolve in to flat ...
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ONGC
The stock remained stuck to the range between Rs 750 and Rs 820 for yet another week. The stock reversed down from the long term 200-day moving average in the middle of the week. Our outlook remains one of caution. The Rs 740 level is a ...
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CARS
More flair in new Ikon
Ford India has introduced a new colour and new trim option in the 2007 version of the Ikon, its entry-level sedan. Targeting the young buyer, the new Ikon has been introduced with plush new interiors and stylish exterior enhancements. The ...
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TWO/THREE WHEELERS
TVS Star Sport Stylish and sensible
The bike is targeted at customers looking for a dash of sport-appeal in an otherwise economical package.
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STOCK MARKETS
The bread and butter of stocks
Consider this. A speaker in a financial-strategies workshop contended that investing in a stock was the same as buying groceries. You typically buy groceries during a bargain sale. Her argument was that you should buy stocks the same way ...
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Baskets of X
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Bull's Eye
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DERIVATIVES MARKETS
Options guide
FOREIGN INSTITUTIONAL INVESTORS
Bulk deals on NSE & BSE
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INTERVIEW
Pooling manager skills
The essence of the multi-manager process is to seek advice from managers with the best skills in specific sectors. MR MUGUNTHAN SIVA, CIO, OPTIMIX
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INCOME TAX
A plot that gets complicated
At the start of the financial year 2006-07, I owned two house properties jointly with my husband. My husband left for an overseas assignment in November 2005. I sold one of the houses in April 2006 on the basis of a power of attorney executed ...
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IPOS
ICRA: Invest at cut-off
The high-margin profile and scalability of ICRA's businesses make the IPO an attractive investment option for those with a three-year perspective.
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Orbit Corporation: Avoid
This IPO is unattractive as redevelopment projects could not only be long-drawn, but also riddled with uncertainties.
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RIGHTS ISSUE
Vimal Oil and Foods: Avoid
This rights-cum-public offer is being made to fund the transition from a solvent extraction company to a branded foods marketer, which may be very difficult.
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PEOPLE
Investment Nuggets
Considered as one of the top money managers in the US, Bill Nygren, Portfolio Manager of the Oakmark family of funds is famous for his `simple' value investing philosophy. His investing secret sauce is said to be the relentless focus on ...
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BOOKS
Winnowing the willow wisdom
Cricket is about scoring runs while not losing wickets. Similarly, achieving success in finance is about maximising wealth despite risks. It is an exercise no different from `building up an innings bit-by-bit, run-by-run capitalising on ...
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