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Sunday, June 17, 2007
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INVESTMENT WORLD

STOCKS
Shringar Cinemas: Buy
An investment can be considered in the stock of Shringar Cinemas, which runs the Fame chain of multiplexes. The stock is at a deep discount to its peers at about 18 times its financial year 07 per-share earnings; industry leader PVR Cinemas ... More

Stock Takes
With DLF fixing its share price at Rs 525, the stage is set for the company to join the real-estate listed place. Institutional investors (such as overseas corporates, mutual funds, and insurance and banking companies) together bid for five times ... More

What's ahead?
Reliance Capital's open offer to the shareholders of TV Today closes on the 25th of June 2007. Birla VXL, House of Pearl, McNally Bharat Engineering, Paramount Communication and Suprajit Engineering are slated to announce their ... More

Mail order
Hexaware Technologies has bagged an order worth $18 million (approximately Rs 73 crore) for the first phase oftowards modernisation of the Postal Department of a South-East Asian ... More

Powering ahead
BHEL has secured an order worth Rs 430-crore from Indian Oil Corporation for the supply of steam generators to the latter's Gujarat ... More

Right to screen
Pyramid Saimira has released the movie Sivaji in 200 screens in India and 52 screens in Malaysia on Friday. The company had invested about Rs 25 crore to acquire the rights to distribute the movie on screens across the ... More

INVESTMENTS
COMMODITY CONCEPTS
Investing in information
Information plays a crucial role in commodity market movements. Collecting and collating data/information is a massive, time-consuming and expensive task. Importantly, intelligent analysis of data/information is necessary. This calls for special ... More

SMART MESSAGE
Investment versus financial planning
Financial and investment planning are terms that are interchangeably used in personal finance parlance. But nothing could be farther from the truth. To understand the difference between the two concepts, we first have to understand them well. ... More

INSIGHT
Commodity price risks: To hedge or not to hedge
One of the key inflation-fighting tools used by the Government in recent times has been import liberalisation. To ease the domestic prices of many commodities — both for intermediate and final consumption — the Government has moved ... More

Taking stock of market valuations
If stock prices gained sharply over the past year, it is not only a result of India Inc's strong earnings growth, but also because investors are now willing to pay a higher price for each rupee of earnings delivered by a company. More

MUTUAL FUNDS
How diversified funds handled a yo-yoing market
The one-year returns of diversified equity funds are beginning to sparkle again as performance charts capture the euphoric recovery funds have made since their June 14, 2006 lows. For those who invested at the May 2006 peak, however, the ... More

Birla India GenNext — Priority to banking
Birla India GenNext seeks to invest in companies that derive their revenues from manufacturing products or providing services that appeal to the younger generation. The portfolio has about 30 stocks spanning sectors such as banking, telecom, ... More

Reliance Vision Fund: Invest
Investments can be considered in Reliance Vision Fund, based on its long-term track record. The fund's three- and five-year returns are over 50 per cent and it finds a place among the top quartile of diversified funds. In the same period, it ... More

Fund Talk
You can also divert some investments to mid-cap funds as they have the potential to prop the returns of a long-term portfolio. More

Update
Reliance Mutual has launched Reliance Equity Advantage, an open-ended diversified equity scheme, which proposes to invest in line with the sector ratio of S&P CNX Nifty. The fund will invest 70-100 per cent of the corpus in equity & ... More

PHARMACEUTICALS
Pharma: Glowing with growth
India is emerging as the global hub for contract research and manufacturing services due to a combination of low-cost and world-class quality standards. More

TECHNICAL ANALYSIS
Index Outlook
Sensex steadied itself around the 14000-level though attempts at moving higher were stymied by the mammoth DLF issue. With yet another colossal issue scheduled next week, the secondary market has to be content with waiting for its turn on the ... More

Reliance
Though RIL did not head lower as expected, the recovery was not convincing either. The evening star in the weekly chart has been followed by a harami, which implies indecision. The stock faced resistance from Rs 1,715. The short-term outlook will ... More

SBI
SBI has retraced 32 per cent of the up-move since April 2007. The next retracement target for the stock is at Rs 1,250, which is the medium-term trend deciding level. Investors can hold the stock till it stays above Rs 1,250. Momentum ... More

Tata Steel
Tata Steel staged a minor pullback last week that took it to an intra-week peak of Rs 622. The laboured nature of the pullback and the sell signals in the weekly oscillators herald short-term weakness in the stock. The short-term resistance ... More

Infosys
Infosys could be charting the C wave of the flat correction that commenced from the April low of Rs 1,912. This C wave has the target of Rs 2,041 and then Rs 2,140. The 200 DMA present at Rs 2,070 will be an interim impediment. In other ... More

Nifty future may be range-bound
More

ACC
ACC is pausing just below the 50 day moving average positioned at Rs 825. The hurdle beyond this level will be at Rs 852. Inability to move beyond Rs 852 will imply an imminent fall to Rs 760 again. Fourteen-day RSI at 47 and 10-day ROC in ... More

ONGC
ONGC bounced higher in line with our expectation to an intra week high of Rs 891. But a strong impediment exists at Rs 900. A reversal from this level can drag the stock down to Rs 842 and then Rs 801. The 200 DMA at Rs 850 should lend support in ... More

Query Corner
I have purchased Sundaram Fasteners. What is your view on this stock? C. Venkatakrishnan, Prasad Sundaram Fasteners (Rs 62.9): The up move that commenced in 2001 in this stock ended in May 2006. The stock has been in a ... More

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 ... More

CARS
Fiat Palio Stile: Stylish looks, sluggish drive
Fiat has attempted to make the Palio Stile more acceptable as a small car, one that is affordable and fuel-efficient. But it seems to have lost its way a bit in this pursuit. More

Question & Auto
I want to buy a new car and have narrowed my choice to the Hyundai Santro Xing and the Chevrolet Spark. Which one should I choose if I intend keeping the car for the next five years? Iftekhar Hussain I plan to buy my first ... More

Ford trying a new Fusion
The air has been thick with rumours about Ford India's plans to introduce a diesel-engine version of the Fusion. The company may be considering shoehorning into the Fusion the same 1.4-litre TDCi common-rail diesel engine that is being offered in ... More

ECONOMICS
Of price and value
The other day, my friend and I hired an auto-rickshaw to take us to the most happening mall in Chennai. The auto driver asked for Rs 25 more than the normal fare because the area we had to pass through was known for its traffic jams. After ... More

STOCK MARKETS
Prominent bulk deals on NSE & BSE
More

Baskets of X
More

Bull's Eye
More

INTERVIEW
Market is going to open up further as economy becomes stronger...
The client profile is changing. We are getting younger clients. Mindsets are changing. People are willing to borrow and build assets. Aspirations are higher. Younger people are creating wealth. Industry is becoming more sophisticated. MR PRADEEP DOKANIA, MANAGING DIRECTOR AND HEAD (GLOBAL PRIVATE CLIENT), DSP MERRILL LYNCH. More

INCOME TAX
No tax by-pass for heart drugs
I have since been spending money on medicines as part of the post-operative treatment. Can I claim the deduction under Section 80DDB in respect of the expenditure on medicines incurred as part of the post-operative treatment? — T. ... More

IPOS
Roman Tarmat: Avoid
Competition would require that the company not only bid aggressively but showcase superior technical qualification. More

PUBLIC OFFER
ICICI Bank — Bankable for the long term
There is scope for good medium/long-term returns, given the prospects for the core banking business, strong brand value and possible contributions from the insurance subsidiary. More

RIGHTS ISSUE
Trent — Invest
Shareholders with a long-term perspective can retain their shares in the company, given the growth prospects for the sector, the strong brand name and the now reasonable valuations. More

BOOKS
Don't lose money
How to get high returns with low risk? Phil Town offers an answer in `Rule #1' (www.crosswordbookstores.com), a book that guides you to `returns of 15 per cent or more in the stock market, with almost no risk.' There are only two ... More


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Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
Market is going to open up further as economy becomes stronger...

How diversified funds handled a yo-yoing market

ICICI Bank — Bankable for the long term

Commodity price risks: To hedge or not to hedge

Fiat Palio Stile: Stylish looks, sluggish drive

Pharma: Glowing with growth

Looking back
Jun. 10-Jun. 16
Nifty future may trade in tight band

Tax saving funds: Attractive, but aggressive option

DLF: Invest at cut-off

Rise in interest rates — Muted impact on India Inc

Query Corner

Will this Chevy provide the Spark for GM?


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