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INVESTMENT WORLD

STOCKS
Patni Computer Systems: Book profits
Investors can lock into recent gains given the decline in revenue contribution from key services, high attrition rates and uncertainty surrounding promoter stake sale. More

Graphite India: Buy
Investors with a one-to-two year perspective can consider taking an exposure to the stock of Graphite India. At current market price, the stock trades at about seven times its likely FY08 per share earnings on a fully diluted basis. Increasing ... More

Piping up
PSL has bagged an order worth $93 million (approximately Rs 376 crore) from Sharjah and Petronas Malaysia for the supply of various pipes. ... More

A big lift
L&T and Eastern Contracting LLC have bagged an order worth Rs 610 crore for a residential building project in Dubai. L&T has also signed a shipbuilding contract worth $95 million (about Rs 383 crore) with BigLift of Spliethoff group in ... More

Spreading the Net
The buying out of Barclays and HDFC's stake in Intelenet by PE firm Blackstone has triggered an open offer for Sparsh BPO Services, a subsidiary of Intelenet. The offer price is pegged at Rs 200 per ... More

Road ahead
Gayatri Projects, along with Maytas Infrastructure, has secured two road construction orders worth Rs 880 crore in Andhra ... More

What's ahead?
Reports that the Wadia-BSN joint venture between Groupe Danone and Britannia could be dissolved, could trigger short-term interest in the Britannia stock. Reports suggest that the latter may receive a one-time "disengagement ... More

INVESTMENTS
COMMODITY CONCEPTS
Fundamentals or technicals?
In today's complex trading environment, market players need both kinds of analysis to understand price movement better. More

PRODUCT PRIMER
Max Life Maker
With the launch of ULIP (Unit Linked Insurance Plan) products, the face of the Indian life insurance industry has undergone a huge change. ULIPs can be described as unbundled products that allow investors to distinguish between risk cover and ... More

NEW FUND OFFER
Fund Update
Kotak Mutual Fund has recently launched its gold fund, Kotak Gold ETF (Exchange Traded Fund). The minimum investment during NFO is Rs 5,000.The face value of the each unit offered under the scheme shall be Rs 100 and it will be issued at ... More

INSIGHT
Tap the expanding fund of investment opportunities
Mutual funds offer a variety of options for today's investor keen to tap new opportunities. More

Financial derivatives: Not a mystery world, after all
What the buyer or seller of a derivative is exposed to in an exchange-traded market is the movement of the underlying — the most critical variable. Pricing for standardised derivative products is, therefore, bound to be better in the exchange m arkets than in the OTC market. More

Take a cue from the big guys
PRE-IPO PLACEMENTS More

MUTUAL FUNDS
HSBC Midcap Equity Fund: Hold
The fund casts its net fairly wide in stock selection, with a fair level of holdings from under-researched sectors. More

ICICI Prudential Power: Invest
Investments can be considered in ICICI Prudential Power Fund, which invests in a diversified basket of large-cap stocks and has a marginal exposure to mid- and small-caps (market capitalisation less than Rs 5,000 crore). Based on its three- and ... More

Kotak Lifestyle: Riding on consumerism
Over the last few years, the increased earnings potential of the Indian public has led to higher disposable income levels, especially in the middle-income group. This has opened up new products and services that, in turn, drive consumer spending. ... More

Market View
The earnings season along with the latest economic data suggest the RBI's efforts to ensure price stability without hampering growth prospects appear to be bearing fruit. Corporate India is benefiting from the buoyant domestic and ... More

Fund Talk
I hold the following mutual funds: Reliance Equity Fund, Birla Infrastructure Fund, Fidelity Special Situation, Reliance Long Term Equity, HSBC Advantage India, HDFC Premier Multi-Cap, and Principal Infrastructure & Services Industries. I am ... More

TECHNICAL ANALYSIS
Query corner
I have purchased Marg Constructions at Rs 257. What is your view on the stock? Krishna Kumar. R Marg Constructions (Rs 152.3): In our previous review of this stock in early December 2006, we had expected a rally to Rs 300. ... More

Index Outlook
The easy passage of the ICICI follow-on public offer and the support lent to the issue by institutional investors, both external and domestic, allayed the market's fear of a liquidity drain and caused a relief rally that took Sensex to an ... More

ACC
This move indicates that the stock could be in the third wave of the move that commenced at Rs 678. This wave has the targets of Rs 885 and then Rs 967. Since the 200 day moving average is also positioned at Rs 967, the band between Rs 950 and ... More

Infosys
Infosys could not move past the previous week's close and slipped below the 50 DMA again. We had indicated that the move since June could be the C wave of a flat. This wave could have terminated around the first target of Rs 2,041. In this ... More

Tata Steel
The outlook for Tata Steel remains unaltered for the short as well as medium term. The short-term trend is down since the peak of Rs 669. This move can launch in to its third leg that gives the downward targets of Rs 559 or Rs 524. A fall ... More

SBI positive in short term
The stock rose past our second short-term target to an intra-week high of Rs 1,467. This move could be the fifth part of the up-move that began in March 2007. The targets for this fifth wave are Rs 1,409 and then Rs 1,490. If we consider an ... More

Reliance Ind
Reliance continues to be in an indecisive phase. The reversal from Rs 1,749 keeps the short-term outlook negative and the stock can move lower to Rs 1,656 and then to Rs 1,598. The 50-DMA positioned at Rs 1,635 will lend support in the near term. ... More

ONGC
ONGC moved up last week to record a gain of 3 per cent. It has, however, not moved beyond the medium-term resistance at Rs 935. The oscillators in the weekly chart continue to be weak. Failure to move past this level can drag the stock lower to ... More

Tech Tools
I am a long-term investor and follow trend-line on weekly chart with stop loss at a recent low of the stock as suggested in one of your articles. I sold one stock immediately after the stop loss was hit. But the stock moved higher afterwards. ... More

Trader's Corner
Have you ever noticed that you tend to listen keenly to some analysts on the business channels on televisions whereas your mind switches off while others are speaking. A close scrutiny will show that the analysts whom you follow closely will hold ... More

CARS
Scorpio stings, in style and price
While the Scorpio Lx answers the growing customer demand for an entry level SUV with the new generation common rail diesel engine and value enhancing features, the Getaway is a niche, lifestyle vehicle. More

HCV/LCV/TRACTORS
People movers from Tatas
Tata Motors' two new vehicles Magic and Winger will attempt to cater to the two ends of the people movers segment. More

ECONOMICS
No free lunches
If you are pizza-crazy like my brother is, you may be familiar with the difference in customer policy that pizza restaurants have. In most employee-managed restaurants, especially in North America, you receive a free meal if you do not get a ... More

STOCK MARKETS
Bulk deals on NSE and BSE
More

Bull's Eye
More

Baskets of X
More

DERIVATIVES MARKETS
Nifty future may witness volatile trading
More

INTERVIEW
`We expect a 20 per cent return from gold over 5-10 years'
With the increasing demand for gold as an alternative investment class, coupled with the declining dollar, increased geo-political tensions in the Middle East and the global inflationary scenario, we expect a 20 per cent return from gold. — MR RITESH JAIN, HEAD (FIXED INCOME), KOTAK MAHINDRA AMC More

INCOME TAX
Taxing inheritance
I am a nominee for a Post-Office senior citizen scheme account of my aunt. My aunt died recently and left a will whereby the amount in the Post- Office Scheme has been left to me. My aunt did not have an income exceeding the maximum amount not ... More

IPOS
Spice Communications: Avoid
The company's track record, cost structure and trends in business growth suggest that it may find it difficult to capitalise on growth opportunities amidst competition. More

Suryachakra Power: Avoid
The risks of investing in this offer outweigh the potential returns. More

HDIL: Invest at cut-off
Of the total land reserves, 83 per cent is in the lucrative Mumbai Metropolitan Region, where the demand for space has remained robust. More

BOOKS
Seven deadly sins of investment
A crow will conquer owl in broad daylight, so too a king who wants to crush his foes needs fitting time to fight. More than two millennia old counsel, this is, from one of the 1,330 Kurals of Tiruvalluvar. Can any work be hard in very ... More


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Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
`We expect a 20 per cent return from gold over 5-10 years'

Financial derivatives: Not a mystery world, after all

Patni Computer Systems: Book profits

Nifty future may witness volatile trading

Tap the expanding fund of investment opportunities

Looking back
Jun. 17-Jun. 23
Fiat Palio Stile: Stylish looks, sluggish drive

ICICI Bank — Bankable for the long term

How diversified funds handled a yo-yoing market

Commodity price risks: To hedge or not to hedge

Pharma: Glowing with growth

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


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