The Hindu Business Line : Sunday, July 29, 2007

STOCKS
Thermax: Buy
Investments with a one-two year perspective can be considered in the stock of Thermax, a leading energy and environment engineering solutions provider. A strong business outlook on the back of capex across user industries, a robust order book, ... More

McNally Bharat Engineering: Buy
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Indraprastha Gas: Buy
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Quality buy
Moser Baer has announced the purchase of high quality silicon wafers from the Norway-based REC Group for $880 million (about Rs 3,500 crore) for an eight-year period beginning ... More

Finding the cure
Ranbaxy has reached an agreement with GlaxoSmithKline to settle their US litigation on Valtrex, the drug used to treat herpes virus infections.

Holding the key
Infosys has signed a $250-million (approximately Rs 1,000 crore) worth outsourcing contract with the Netherlands-based Royal Philips ... More

In full flow
Pratibha Industries has bagged two contracts worth Rs 435 crore from the Municipal Corporation of Greater Mumbai for various water supply ... More

TECHNICAL ANALYSIS
Technical Analysis Q&A
I hold shares of Tulip IT bought at Rs 725. Should I add more or exit now? I can hold for one to two years. Suresh IyerTulip IT Services (Rs 710.3): This stock is currently correcting the up-move that ... More

Reliance
RIL was one of the least affected from Friday’s carnage. But the star in the weekly chart with a long upper shadow does denote that the downward pressure could be beginning to build in this counter. The supports for next week ... More

SBI
SBI dithered in the early part of the week before falling 3 per cent on Friday. The sideways move has turned into a terminal corrective as indicated last week. A 5-wave impulse move has been completed from the March low. A move below Rs 1,400 ... More

Trader's Corner
Humans are an optimistic bunch. They love sunshine, smiling faces, happy endings and soaring markets. Perhaps it is this natural trait that draws the investors to stock markets in the final stages of a bull market when things are extremely ... More

Tata Steel
Tata Steel moved in line with our expectations to a low of Rs 646 on Friday. Momentum indicators in both the weekly and daily charts are implying the continuation of this down move. If this down-move is correcting the rally since March, ... More

Infosys
Infosys is developing a negative correlation with the Sensex. In a week in which all the pivotals ended in the red, Infosys recorded a 1 per cent gain! The irony is that the stock that has looked the weakest over the last one month turned in ... More

ACC
ACC took a severe jolt last week, losing about 10 per cent. The stock has moved below the medium-term support at Rs 1,032 and formed an evening star on the weekly charts, thus making this outlook negative. If this down move is the fourth wave ... More

ONGC
ONGC put in a strong performance last week but the Friday’s sell-off wiped out most of these gains. Low volume accompanying the fall is a negative signal. Daily and weekly momentum indicators are denoting weakness in the stock. The stock ... More

MUTUAL FUNDS
Magnum Taxgain: Invest
Investors looking for tax-deductible options can consider allocating a portion of their planned investment in Magnum Taxgain. A strong track record, ability to deliver returns superior to average returns of diversified funds and good stock ... More

Reliance Growth Fund: Invest
Investments in Reliance Growth Fund can be considered based on its track record since inception. The fund has delivered a return of 34 per cent during the time-frame, making it an ideal option for investment in the midcap space. Apart from ... More

DSPML Equity Fund: Higher IT exposure
DSPML Equity Fund has a well-diversified portfolio, with 65 stocks from 21 sectors. The top 10 stocks account for 30 per cent of the assets and the preferred three sectors make up 38 per cent of the portfolio. Here’s a look at the ... More

Fund Talk
Are there any mutual funds that invest in the stock markets of the BRIC countries? Sundaram BNP Paribas Mutual has an NFO coming up called ‘Global Advantage Fund’. The KIM suggests that they will invest in Brazil, India, South ... More

NEW FUND OFFER
DSPML launches World Gold Fund
DSPML Mutual Fund has launched DSPML World Gold Fund, an open-ended fund of funds scheme, investing in gold mining companies through an international fund. The fund seeks to achieve capital appreciation by investing predominantly in units ... More

INSIGHT
Islands in financial markets
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STOCK MARKETS
Index Outlook
It is generally believed that news moves markets. But E-wave analysts think otherwise. They believe that market makes its move first and the news ‘explaining’ the move is pulled out later from the stack of good and bad news that is ... More

Prominent bulk deals on NSE & BSE
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DERIVATIVES MARKETS
Volatile conditions may continue
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INTEREST RATES
What peaking interest rates mean for investors
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INTERVIEW
‘Too much pessimism in many sectors’
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CARS
Will it be a Magnum opus for GM?
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Lancer Cedia Selects LPG
Faced with dwindling sales of the Mitsubishi Lancer Cedia and to provide more choice to its customers, Hindustan Motors (HM) has lined up a new dual-fuel option for the premium sedan. The Lancer Cedia Select is now being introduced with ... More

Honda Accord recall
As part of a global Honda campaign, Honda Siel Cars India has announced a recall of 2,310 Accords sold in India in 2005 and 2006. Owners of these cars are being requested to bring their cars to the company's service centres for the replacement ... More

ECONOMICS
Grandmother psychology
If she wants to buy, say, a box of chocolates, she will choose the costliest among the ones available in a superstore. As is typical of elderly people, she would gift it to her grandchildren but not before letting them know that the ... More

INCOME TAX
ESOPs take the tax toll
The multinational company I work for has allotted some shares to me under an Employees Stock Option Plan. These shares have been sold outside India and the proceeds transferred to my bank account. Will the gain from the ... More

CALL CENTRE
A check-list for filing tax returns
This is that time of the year when everyone is scrambling to file his/her returns. For those who are late, here is a ready reckoner. Who needs to file returns? A person needs to file an income-tax return if ... More

IPOS
Puravankara Projects — IPO: Invest at cut-off
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SEL Manufacturing — IPO: Avoid
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BOOKS
Create wealth
Mohnish Pabrai speaks of a low-risk method to earn high returns in ‘The Dhandho Investor’ ( www.wiley.com). “Dhandho (pronounced dhun-doe) is a Gujarati word. ... More

EVENTS
What’s ahead
AIA Engineering, BHEL, Cairn India, Hotel Leela, Parsvnath Developers, Reliance Communication, Sun TV, Tata Motors and Tata Steel are some of the companies that will be announcing first quarter earnings numbers next ... More

NEW PRODUCTS & SERVICES
CHECK IT OUT
Career guidance, at a click
For those looking for guidance on career moves and other work-life issues, asknaukri.com is at your service. This free-to-use Web site has panellists from Workeasy Solutions, a career planning and development firm, who will respond to queries. ... More

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Top Stories
Volatile conditions may continue

What peaking interest rates mean for investors

Will it be a Magnum opus for GM?

A check-list for filing tax returns

Looking back
Jul. 22-Jul. 28
Sensex speeds…
But stocks set their own pace

Heightened intra-day volatility in Nifty likely

When ESOPS get taxing

Before you borrow to buy that dream house…