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Sunday, April 29, 2007
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INVESTMENT WORLD

STOCKS
KEC International: Buy
KEC International's strong financial performance, superior execution skills in power transmission projects and diverse client base provides high visibility to its earnings growth. Investors can consider investing in small lots. Any ... More

Tata Power: Hold
The spate of new generation projects under execution will see Tata Power transitioning from a utility distributing power to the financial capital to a large power generation company integrated backward into coal mining. More

Shree Renuka Sugars: Hold
The company's capex plans have come on stream during a downturn in the sugar cycle. But the scope for volume growth and revenue streams from by-products lends some optimism. More

Texmaco: Buy
Expanding railway infrastructure and the demand for logistics services to improve the company's prospects. More

Zensar Technologies: Hold
Zensar's broad-based service offerings, recent acquisition and joint venture with a Japanese company are likely to sustain interest in the stock. More

TECHNICAL ANALYSIS
Nifty futures may move sideways
More

Query Corner
I have bought Mid-Day Multimedia shares at an average price of Rs 118 and 166 Mahindra Gesco at Rs 1,000. What should I do now, book loss, purchase additional quantity or shift to another scrip? T. Radhakrishna Mid-Day ... More

Trader's Corner
It would not be news to those associated with the stock markets that stock prices are sensitive to news. Memories of May 2004 when Sensex plummeted more than 15 per cent on a single day as the tidings of the BJP debacle in the Lok Sabha elections ... More

Index Outlook
If the Union Budget can strive to be a `non-event', so can the RBI's Annual Policy Statement. The markets, however, had no complaints with this innocuous document and Sensex jubilantly soared up to cross the 14000 mark. A touch of vertigo on ... More

Reliance
The bearish engulfing candle in the daily chart of RIL points towards the start of a fresh short term down trend. The short-term support for the stock is at Rs 1,506. If the stock reverses from here, it can move sideways between Rs 1,500 and Rs ... More

SBI
SBI drew close to our medium term target of Rs 1,175 last week. But the evening star pattern in the daily chart and the fact that the target for the C-wave from the low of Rs 845 has been attained, portend a short term correction that can take ... More

Tata Steel
It was a volatile week for Tata Steel. It initially went higher to Rs 585 and then plummeted to Rs 535. Since the stock has been unable to overcome the resistance at Rs 573, it is a sign that investors need to tread cautiously as the move from ... More

Infosys
Oscillators imply short-term weakness in Infosys. The close below the 200-day average is also a negative. However, the short-term support for the stock is present at Rs 1,900. If the stock bounces from here, it can spend a few weeks moving ... More

ACC
ACC recorded yet another white candle in the weekly chart, thus forming a pattern that is close to the three white soldiers. Since this occurs after a long-legged doji in the beginning of April, an intermediate term low could have been formed at ... More

ONGC
ONGC moved past our first target of Rs 960 and tried to get as close to the four figure mark as possible last week. The short-term support for this stock is at Rs 925. A reversal from this level can take the stock higher to Rs 990 and then Rs ... More

INSIGHT
Equity funds: Select themes offer a glimmer of hope
Investors need to remain patient during volatile times. The strategy of switching between funds every quarter not only exposes you to the risk of losses but also pegs up transaction costs. More

INVESTMENTS
Investments beyond tax savings — The good, better and best routes
I am 32 years old and invested fully in PF and PPF. I put Rs 5,000 a month into a savings account that pays only 4.5 per cent. I am not familiar with stocks and have limited knowledge of mutual funds, but I wonder if that Rs 5,000 ... More

The future of forward contracts
The Forward Contract (Regulation) Act, 1952 recognises three kinds of contracts — ready delivery, forward, and options in goods. Ready delivery contracts and options in goods (prohibited for the time being) have been discussed. A look at ... More

AUTOMOBILES
Question & Auto
I am planning to buy a sedan in the Rs 5-5.5-lakh price range. The inevitable choice seems to boil down to the Maruti Esteem VXi. What are your views on this car? Is it a good buy? Is any other car a better choice in your view? Will the Esteem ... More

FOREX
The march of the rupee
Excess dollars chasing the economic boom in India have been the main cause for the rupee's appreciation. Any reversal of such flows due to a change in the global perception of India could put the rupee under pressure. More

MUTUAL FUNDS
HDFC Index Sensex Plus: Invest
Investors can consider HDFC Index Sensex Plus as a diversification option. The fund invests 80- 90 per cent of its portfolio in stocks that constitute the Sensex, in accordance with their weightages in the index, and the remaining portion in ... More

Fund Talk
Irrespective of the performance of a company's share in the stock market, companies declare dividends periodically. Mutual funds, being large investors, get these dividends. Will the NAV of a fund rise due to the impact of a huge dividend ... More

ICICI Prudential Infrastructure — Fewer building blocks
ICICI Prudential Infrastructure Fund seeks to invest in sectors such as cement, power and construction as also in banks, which aid infrastructure building. With stocks in the construction space losing steam over the last quarter, the fund made ... More

DBS Chola Opportunities Fund: Hold
The fund has managed its size well, adopting a flexi-cap investment style that allows investors to benefit from active allocations to both large- and mid-cap stocks. More

  • Market View
  • Update

    CARS
    Optra Platinum
    General Motors India recently launched the Chevrolet Optra Platinum, a special edition of its popular luxury sedan. The Optra Platinum features new exterior additions and a couple of new interior elements intended to improve the car's premium ... More

    Making an entry
    More

    TWO/THREE WHEELERS
    TVS Motor rides into Indonesia
    TVS Motor will formally inaugurate its Indonesian plant and roll out a step-thru in that market next month. The company hopes to wean away buyers from the Japanese brands by offering similar build quality and features at a lower price. More

    More glam in new Shine
    The Shine had all the necessary performance attributes that identified it as a classic Honda bike, but it lacked a few cosmetic features and some of the upmarket looks. The new version has addressed these. More

    ECONOMICS
    Parking problem
    The other day, we were driving to a park in downtown Vancouver. Being a long weekend, the park was crowded as was the parking lot. It is not as if parking is free in the downtown area. On some days, the parking fees can be as high as $30 per day. ... More

    STOCK MARKETS
    Inside of insider trading
    Insider-trading is a term often heard by those investing in the stock market. Though the term has a surreptitious ring to it and stock market regulators around the globe spend considerable time framing laws to combat this menace, it is not always ... More

    Prominent bulk deals on NSE and 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

    INTERVIEW
    Retail investors must `focus on equity with a long-term view'
    "To make money, retail investors should follow professional and competent advice and pick companies with a long-term and established track record. Most important, they should avoid leveraging but invest from their own funds." More

    EVENTS

  • Corporate Recap

    INCOME TAX
    ESOPs in dollars are taxable in rupees
    I work for Hewlett Packard, India. Over the years, I have been allotted employees stock options of the parent company in the US. At the time of allotment no money was payable by me but when the ESOPs are sold, I get the difference between the ... More

    BOOKS
    Investment Nuggets
    "My major hobby is teasing people who take themselves and the quality of their knowledge too seriously and those who don't have the guts to sometimes say: I don't know..." (You may not be able to change the world but can at least get some ... More

    Between the numbers
    GDSIL or Global Data Services of India Ltd has brought out `a complete analysis' of ten companies. The book, titled `Financial Analysis of Indian Companies: Selected Case Studies' (www.crisil.com), dissects numbers drawn from ... More


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    Union Budget 2007-08

    Railway Budget 2007-2008

    Economic Survey 2006-2007

    Top Stories
    Retail investors must `focus on equity with a long-term view'

    Shree Renuka Sugars: Hold

    ESOPs in dollars are taxable in rupees

    Nifty futures may move sideways

    Investments beyond tax savings — The good, better and best routes

    The future of forward contracts

    Looking back
    Apr. 22-Apr. 28
    Software majors in Q4: Performance beats perceptions

    Voltas: Buy

    Stocks on sale!

    Hop and the LTA is skipped

    Ultimate indulgence on two wheels


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