INVESTMENT WORLD
INVESTMENTS
`The disciplined, not the flamboyant, make money'
Have patience, evolve your own methodology, buy a company and remain with it, even through its low periods. -- MR SANDEEP SHENOY, STRATEGIST AT PINC RESEARCH
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COMMODITIES
When the hedge offers protection
Understanding how a hedge contract helps commodity traders manage price risk.
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MUTUAL FUNDS
DSPML Opportunities Fund: Invest
DSPML Opportunities Fund is a good option for investors looking to capitalise on themes or sectors with high growth potential. The fund's mandate offers it the flexibility to take concentrated bets on a few sectors with potential to outperform ...
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UTI-GSF Services Sector Fund IT is the sector of choice
UTI-GSF Services Sector Fund was among the earliest theme-based funds launched with a focus on the growth potential of the services sector. In the turbulent market conditions of the past year, some of the prominent diversified funds failed to ...
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Franklin India Bluechip: Hold
While Bluechip's investments in the banking sector have paid off, its higher allocation to the automobile sector in early 2006 appears to have hurt performance.
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Update
Principal Mutual Fund has declared a dividend of 15 per cent under the dividend option of Principal Large-Cap Fund. The record date is May 15. Birla Sun Life Mutual has extended the offer period for Birla Sun Life Long-Term ...
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STOCKS
GAIL (India): Sell
The GAIL stock appears overvalued at current price given the serious worries over the company's earnings growth prospects in the medium term.
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HEG: Buy
Investors with a one- to two-year perspective can consider taking an exposure to the stock of HEG, a leading graphite electrodes manufacturer. At current market price, the stock trades at about eight times its likely FY08 per share earnings. A ...
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Short Takes
Expansion costs and competitive pressures are beginning to weigh on the financial performance of leading retailers such as Pantaloon Retail, and Shoppers' Stop. In the quarter ended March, both companies reported a strong revenue growth, but ...
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Sadbhav Engineering: Buy
OPMs above industry average Robust order book Joint ventures to aid BOT bidding
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Prominent bulk deals on NSE and BSE
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A Chinese brew
Tata Tea has formed a joint venture with China's Zhejiang Tea Import and Export Company to sell beverage products. It may be recalled that the The stock has been upbeat on reports of Coca-Cola's interest in Glaceau. ...
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Draping homes
GHCL's US-based subsidiary, Dan River, has signed a $100-million (nearly Rs 410 crore) order to supply home textile products to Starwood Hotels & Resorts. SEBI had recently barred certain group entities from trading in GHCL's ...
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Government drives out
The Government has netted Rs 2,360 crore from divesting its residual 10.27 per cent stake in Maruti Udyog to a clutch of financial institutions at prices ranging from Rs.775 to Rs.850 per share. ...
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Tunnel for Mumbai
Patel Engineering has secured an order worth Rs 157-crore order from Brihanmumbai Municipal Corporation for the construction of a tunnel in the city. The project will be executed in a JV with Pratibha Industries. ...
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What's Ahead
Bajaj Auto, the country's second-biggest two-wheeler maker, is likely to take a decision on May 17 on the much-awaited move to carve out the company's auto and financial business into two separate entities. Bajaj Auto, Dr.Reddy's ...
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TECHNICAL ANALYSIS
Query Corner
Please let me have your views on Nagarjuna Fertilisers. Can I buy it at current level with a six-month perspective? Satyavrat Chaudhary Nagarjuna Fertilisers (Rs 20.7): Nagarjuna Fertilisers is currently reversing from the ...
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Index Outlook
Markets went into a gentle slide last week. The dearth of positive news flow prevented Sensex from pulling itself higher. Most of the market participants would be glad to see the month of May pass in this mild fashion. Traders, however, had a ...
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Reliance
The doji in the weekly candlestick chart of RIL depicts the indecision prevalent in this stock over the last two weeks. The stock is getting oversold from a medium term perspective. The daily momentum indicators are pointing southwards. The stock ...
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SBI
SBI steadfastly followed the script we had written out for it, remaining glued to the range between Rs 1,070 and Rs 1,165. This consolidation would normally be construed as a halt before the next leg of the move from Rs 845 unfolds. But the ...
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Tata Steel
It is moving sideways just below important resistance level. A reversal below Rs 575 can start an intermediate term down move that can drag the stock lower to Rs 480. A strong close above this level can take the stock towards Rs 650. This ...
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Infosys
This stock moved lower to an intra week low of Rs 1,950. As we have been repeating, the medium term outlook is negative for this stock. The short-term trend is neutral. The sideways move since Rs 1,912 seems like the second leg of this down ...
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ACC
ACC made an intra week high at Rs 895 and reversed decisively from there. The immediate supports for the stock are present at Rs 802 and then Rs 791. A bounce from Rs 790 will be good opportunity to buy with a short-term perspective. Though ...
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ONGC
ONGC failed to rally past Rs 960 and moved lower in a classic zigzag pattern last week. Return of the 10-day ROC to the negative zone indicates that the stock can move towards the next downward targets of Rs 856 and then Rs 836. Short-term ...
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Trader's Corner
The stock markets have an undeniable influence on the thoughts of the men/women related to it. Traders and full-time investors can think of little else in their waking moments, and in their sleep too. The fascination that the bourses hold for the ...
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CARS
Now, a Classic Indigo
With the promise of rear legroom that could challenge a few luxury saloons, the long wheelbase version of the Tata Indigo was launched to attract potential buyers in the premium sedan segment. But, despite its dimensions placing it in the ...
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TWO/THREE WHEELERS
There is more to Discover
As part of its strategy to offer more choice in the larger-engine bikes category, Bajaj has come out with a 135cc variant of the Discover.
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ECONOMICS
Concorde Effect
Consider this. One of our neighbours recently moved to the east coast. The family donated most of their belongings to the Salvation Army. Our friend was, however, reluctant to buy gifts for his extended family. You may find this behaviour ...
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STOCK MARKETS
Bull's Eye
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Baskets of X
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INTERVIEW
`It is better to have a calibrated growth than runaway growth'
Whether you don't take an exposure or you take a very large exposure, you are taking a risk by going against the market. Not taking an exposure is also a bet.
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Running the realty check
Investors need to take the previous year's audited profit and loss account and the taxable income declared and look at the price earnings multiple, rather than the land bank cliché. MR SUSHIL MANTRI, CMD, MANTRI DEVELOPERS
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`We understand the investors' perspective better'
A flexible investing style that will outperform over the long term is a key differentiator of AIG's first India offering. MR SAURABH SONTHALIA, MD & CEO, AIG INDIA AMC
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INCOME TAX
House, loan, gains and all that
I own two houses, which were acquired by me more than three years back. I have taken housing loans for both. I propose to sell one house and use the proceeds to clearing the housing loan of that property as also of the other. I also ...
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IPOS
Nitin Fire Protection Industries: Invest
The healthy demand for CNG cylinders in both domestic and foreign markets, lends strength to revenue prospects.
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BOOKS
Are women no good at investment?
Poverty is more common among women than men; the average woman has less cash in savings than her counterpart; "and around twice as many women as men say they find investing in the stock market a daunting experience." Are women no good at ...
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INVESMENT NUGGETS
`Move from bell curve to fractal view'
The bell curve model has not read market movements over the years accurately, says French mathematician Benoit Mandelbrot.
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