The Hindu Business Line : Sunday, June 08, 2008

Britannia Industries: Buy
Investors with a two-year horizon, seeking a defensive option, can consider buying the Britannia Industries stock. Growth rates in food/snack categories within FMCGs have surged over the past year, suggesting that these under-penetrated ... More

Funding reels
JP Morgan Mauritius and India Advantage Fund will invest Rs 60 crore each in PVR Pictures, the wholly-owned subsidiary of listed entity PVR Ltd. The investee company is engaged in film production and distribution. ... More

For gas
GAIL and Tamil Nadu Industrial Development Corporation will assess the demand for gas and the support infrastructure required for it in the State. The agreement provides for a joint study to assess the medium and long-term demand potential for ... More

Windfall indeed
BPO company HOV Services’ Board of Directors has approved a material transaction proposal wherein the company will receive $202 million for selling its subsidiary HOV Services LLC and its Hong Kong ... More

TECHNICAL ANALYSIS
Query corner
Kindly give your outlook for Tata Sponge purchased at Rs 300 and Motilal Oswal Financial purchased at Rs 800. MurthyTata Sponge (Rs 253): This stock has been correcting since the ... More

Index Outlook
Markets were nervous in the first half of the week as the Government announced ad-hoc measures to deal with the woes of the oil marketing companies. Just as the bargain hunters had convinced themselves that the worst was over, inflation ... More

Reliance Industries
Reliance Industries moved below the key short-term support at Rs 2,340 on Wednesday. But if the stock is charting the third leg of the long-term down move from Rs 3,252-peak, the targets are Rs 2,006 and then Rs 1,574. If we consider Fibonacci ... More

SBI
SBI continued its harrowing fall to achieve our medium-term target at Rs 1,337 last week. The intra week low was Rs 1,293 and the next target of the third leg down from January peak is Rs 1,058. The stock is currently testing the long-term ... More

Tata Steel
Tata Steel could not ward off the selling pressure any longer and recorded a weekly decline of 9 per cent, in line with our expectation. The evening star pattern in the weekly chart and the weakness in the daily momentum indicators imply a ... More

Infosys Technologies
This stock achieved our short-term target at Rs 2,010 and then stayed in a volatile range between Rs 1,850 and Rs 2,000. The near-term outlook for the stock stays positive as long as it holds above Rs 1,900. But a sideways move between Rs ... More

Unitech
Unitech tumbled 9 per cent lower last week and is currently poised at the key long-term support at Rs 200. As mentioned last week, decline below this level can pull the stock towards Rs 160 that was the trough formed in April 2007.The ... More

Reliance Infra
The stock did test the support at Rs 1,100 as indicated last week to record an intra week trough at Rs 1,013. We can give the stock a couple of sessions more to reverse higher. If it chugs below Rs 1,000 this week then the next ... More

Tech School
In our earlier Tech School, we had discussed various types of moving averages. While selecting the moving average for your analysis, it is always best to keep it as simple as possible. Hence the obvious choice is the Simple Moving Average ... More

INSIGHT
How to fund your education
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Why equities may strike back
Predictions for Dow More

Do big returns in small IPOs sustain?
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Favourable tallwinds
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MUTUAL FUNDS
DSPML Equity Fund: Defensive moves
DSPML Equity Fund is a diversified fund with a large cap (greater than Rs 7,500-crore) bias, but mid- and small-cap stocks do account for over 33 per cent of the portfolio, going by the fund’s April fact-sheet. The fund has been in ... More

Sundaram BNP Leadership Fund: Hold
Investors can retain their holdings in Sundaram BNP Paribas India Leadership Fund. The fund has outpaced the Nifty in four of the past five years (barring 2006-07). Since its launch in 2004, the fund has generated a compounded annual return of ... More

IDFC Premier Equity: Invest
Investors with a high-risk appetite can consider adding IDFC Premier Equity (formerly Standard Chartered Premier Equity) to their portfolios. The fund invests in small and medium-sized businesses in emerging segments or markets. This gives the ... More

Fund update
Top-U plan: For the first time in India, systematic investment plan with a feature of a “Top-Up” in the mutual fund industry has been announced by ICICI Prudential Asset Management Company. This feature allows the ... More

ECONOMY
What’s ahead
A 5 per cent cut for the previous week notwithstanding, the benchmark Sensex is expected to be under pressure as domestic markets could weak global sentiments. The mood may depend on how Asian markets react to the US job losses data announced ... More

REAL ESTATE & CONSTRUCTION
Reaching the ‘unserved and under-served’
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Now, homes with helipads!
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Building a case for gypsum wall panels
Public sector company FACT is introducing fibre glass-reinforced gypsum load bearing wall panels made from phosphogypsum, which is considered a novel concept in the building industry. FACT is popularising technology developed by Rapid ... More

Milestone rolls out third realty fund
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Home loan rates
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INVESTMENTS
THE HOW-TO-GUIDE
How good is your investment?
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TOP OF THE MIND
Bubble babble
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An NRI plans to meet his goals
Srinivasan is a 36-year-old NRI. His spouse is a home maker, aged 31. He has two daughters, aged 8 and 7 years. He has been investing in mutual funds since 2004 and his investments amount to Rs 27 lakh. He wants to continue investing ... More

ECONOMICS
Illusion of correlation
An analyst I know never initiates a research report on Tuesdays. He claims that his recommendation is likely to go wrong if he does so. He bases his argument on what happened the last time he did that — he had issued a report on Bajaj ... More

STOCK MARKETS
Optimal trade set-ups:Lowering risk capital, furthering gains
Traders have suffered large losses this year because of what technical analysts call “whipsaws”. A whipsaw is a price movement where the stock or the index goes up or down and then reverses direction. Such whipsaws make it ... More

FOLLOW THE MONEY
Inflation stokes rate fears again
Two out of three Asian major indices ended up in the red this week as soaring oil prices, inflation worries and a falling dollar compelled shaky investors to sell stocks. Foreign investors sold equities worth $879 million in India, $377 ... More

Baskets of X
E-mail your guess before Tuesday to BasketsOfX@gmail.com

Bull's Eye
E-mail your response by Tuesday to BullsEye@thehindu.co.in

Prominent bulk deals on NSE and BSE
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DERIVATIVES MARKETS
Nifty future likely to touch 4400 level
Bears continued to dominate the market last week also. The Nifty future shed over 5.2 per cent to end at 4608.2 against its previous week’s close of 4850.1. However, the carnage did not end with this. This time around the fall was ... More

FINANCIAL INSTITUTIONS
Search resumes
The government-controlled financial institution, IFCI, has informed that a meeting of its Board of Directors will be held on June 12 to take a further view on the induction of strategic investor. It had rejected a proposal on December last ... More

INTERVIEW
In a volatile market, stay in cash as much as possible
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Diversification not a defensive measure
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INCOME TAX
Claiming deductions from two housing loans Tax Talk
I purchased a house in 2001 under a loan, for which I am still paying the EMI. I have now purchased another house, in which I now stay, with the help of another loan. The principle repayment and the ... More

IPOS
First Winner Industries: Avoid
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BOOKS
Hedge fund fees will decline overall
Will government regulations squeeze the hedge fund industry and turn it into a glorified clone of mutual funds? Will the hedge funds, which already have about $1.5 trillion assets under management scale up? Can we expect them to become ... More