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Sunday, April 01, 2007
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INVESTMENT WORLD

STOCKS
Marico Industries: Buy
FMCG stocks appear to be a good defensive proposition for investors under current market conditions, given the companies' strong cash coffers, low debt in the balance sheet and the relatively low sensitivity of consumer spends (on FMCGs) to ... More

Elecon Engineering: Hold
Increased capex in user industries, change in product mix and entry into new businesses spell good times for this company. More

Reliance Communications: Hold
The company will be one of the beneficiaries of the multi-year mobile expansion story. However, allocation of spectrum and competition are key concerns. More

B. L. Kashyap and Sons: Hold
The company is relatively insulated from uncertainties in land development or correction in market price of land, which have affected construction stocks. More

UTV Software: Buy
UTV is in a heavy investment phase as it forays into new media platforms. It will take time before its investments deliver, making the stock more suitable for aggressive investors. More

TECHNICAL ANALYSIS
Query Corner
I have bought Himachal Futuristics at Rs 45. What should I do now? Should I sell it? Munmun. B Himachal Futuristics (Rs 22.2): The stock had a dream run from Rs 18 to Rs 50 in the first few months of 2006. The May crash saw ... More

Reliance
RIL moved in an extremely narrow band between Rs 1,383 and Rs 1,341. As mentioned last week, the stock has retraced exactly 30 per cent of the up-move recorded from the June 2006 low. This reflects inherent strength in the stock. The ... More

SBI
SBI could not move past Rs 1,050. It has dipped below the 200-day moving average again . Though, the oscillators in the daily chart are signalling a buy, the weekly charts are not yet conforming. Short-term supports for the stock would be at ... More

Tata Steel
Tata Steel did not make any decisive move last week. It could not get past Rs 450, emphasising that the medium-term outlook continues to be weak for this stock. Momentum indicators are just beginning to look up in this stock. But a setback ... More

Infosys
Infosys was one of the worst affected in last week's sell-off. The stock moved down to our first target of Rs 1,961. It has halted just above its 200-day moving average. Ten week ROC has moved in to negative and the 14-week RSI is at 44. ... More

ACC
A lackadaisical movement was observed on ACC last week. Short-term resistances for the stock are at Rs 816 and then Rs 868. Inability to surpass these levels will keep the short-term outlook weak. The intermediate-term trend will turn positive ... More

Index Outlook
Sensex hit a slippery patch last week. It, however, did a commendable good job of holding steady despite a spiralling rupee, zooming crude prices, hawkish Bernanke-speak and inflation that refuses to come down. The Reserve Bank of India has ... More

ONGC
It was yet another strong performance from ONGC last week with a gain of 4 per cent. The stock has moved past the resistance at Rs 868 and seems to be headed towards our next target of Rs 938. The strong up-move suggests that this could be third ... More

Trader's Corner
Stocks seldom open at the same level at which they closed in the previous session. When they open well above the previous session's high or below the previous session's low, they form a `gap' in the chart. The Japanese, in their picturesque ... More

MUTUAL FUNDS
DSP-ML Equity Fund: Invest
DSPML Equity has adopted a flexi-cap strategy to manage risks and deliver consistent returns. More

Tata Service Industries: Hold
Investors can stay with Tata Service Industries Fund, which, with 19 per cent return over the past year, marginally under-performed its benchmark Sensex. It has, however, beaten its benchmark in 16 of the 23 months since launch, on a rolling ... More

Fund Talk
Though equity funds have delivered healthy returns in the past four years, equities remain a volatile asset class and an investor in them has to prepare for some downside risks. More

Birla India GenNext: A fancy for media
Birla India GenNext is a theme-based fund that seeks to benefit from the country's rising consumption pattern. The fund aims at investing in companies which manufacture products or render services that directly reach the consumer. While the ... More

  • MF update

    INSIGHT
    Gold: Not always a bright idea
    Is investing in gold really a good idea? What returns can you expect from the precious metal if you hold it for the long term? The answers may surprise you. More

    SMART MESSAGE
    Short 'em
    `Short' is in — players with big money can now sell stocks they do not own (or `short' them, in stock market parlance). Institutional investors, who were hitherto allowed to sell short only in the derivatives market, would soon be doing ... More

    CARS
    A new dawn from the land of rising sun
    The Nissan Teana, a luxury sedan, will be launched in India soon. In terms of design, it is a classic Nissan, marrying with elan the gracefulness of European simplicity and the streak of Japanese quirkiness that the company's cars are famous for . More

    Hyundai Getz a new zing in its Prime
    The new avatar of the Hyundai Getz will hit the roads next week — redesigned and with the same compact 1.1-litre eRLX engine that is offered in the Santro Xing. More

    TWO/THREE WHEELERS
    Bajaj Pulsar: Yet another trim
    Bajaj has kept the brand's aspirational image alive by constantly upgrading its looks and features, and by adding newer, bigger and more powerful engines to the basic bike. More

    Cosmetic touches for Unicorn
    By the new Honda variant the attempt is to infuse a bit more of excitement into an excessively practical bike. More

    Brand make-over for the Gladiator
    To further cash-in on the bikes emerging popularity, Yamaha Motor India has launched a new variant with cosmetic changes meant to give the bike a different style identity. More

    AUTOMOBILES
    SECOND ANNIVERSARY SPECIAL
    Two years of speed
    It is two years since the Bikes & Cars page set off and this two-page special marks the journey. The last two years have been the most active for the Indian automotive industry with an unprecedented number of new vehicle launches at almost ... More

    INVESTMENTS
    Make assetworthy allocations
    You have just landed your first job fresh out of college. It is an exciting time, full of promise... you have your whole future ahead. But let's face it — setting priorities on a limited income can be frustrating, especially when you do not ... More

    ECONOMICS
    High expectation, low satisfaction
    Consider this. Recently, an acquaintance was narrating about his trip to a boutique. His son wanted to buy a black suit, which you may think is a fairly easy choice. The boutique, however, had 10 different shades of the colour. Two hours later, ... More

    STOCK MARKETS
    Prominent bulk deals on NSE & BSE
    More

    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

    COMMODITY MARKETS
    Commodity equation with equity
    The entire commodities complex is now the focus of attention not only of entrepreneurs (producers, consumers) and investors but also of policymakers, including central banks. Investment in commodities exerts a balancing effect on the portfolio as ... More

    DERIVATIVES MARKETS
    Nifty may resume negative journey
    More

    FIXED DEPOSITS
    Interest rates on bank fixed deposits
    More

    INTERVIEW
    Mid-caps will outperform large-caps by a margin of 30 per cent
    As per our internal estimates, the overall market is trading 14.7 times forward earnings and mid-cap stocks are at 11.5 times forward. At these valuations, there is reasonable value... markets will peak out at 30 times forward (earnings) and that is a long way off. More

    EVENTS

  • Corporate Recap

    INCOME TAX
    Preoccupied with self-occupied
    I have taken a Loan of Rs 15 lakh from ICICI Home Finance and purchased a house in Hyderabad. In my income-tax returns, I have shown the house property as "Self-Occupied" and claimed the interest of Rs 1,25,000 as a deduction in computing the ... More

    PEOPLE
    Investment Nuggets
    Eugene Fama is credited as the chief architect of the Efficient Market Hypothesis. A ground breaking article in the May 1970 issue of the Journal of Finance titled "Efficient Capital Markets: A Review of Theory and Empirical Work" ... More

    BOOKS
    P&F: Profits and fun
    In the world of technical analysis, line chart connects a series of closing prices to display the price history of a share; bar chart shows the trading range — open, high and low — in addition to the closing price; and the candlestick ... More






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    Union Budget 2007-08

    Railway Budget 2007-2008

    Economic Survey 2006-2007

    Top Stories
    Two years of speed

    Query Corner

    Reliance Communications: Hold

    Bajaj Pulsar: Yet another trim

    Nifty may resume negative journey

    Make assetworthy allocations

    Looking back
    Mar. 25-Mar. 31
    Nifty at crucial stage

    Sun TV Network: Hold

    Be financially literate, first

    On the virtues of selling

    Query Corner

    Mercedes S 320 CDI — luxury on diesel


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