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INVESTMENT WORLD
MERGERS & ACQUISITIONS:
A load of trouble
Tata MotorS-JLR. A year is too short a time to judge the success or otherwise of an acquisition. Indeed, M&A deals are always done with an eye on the medium-to-long-term horizon. By that measure, it certainly is too early to pass a comment ...
TECHNICAL ANALYSIS:
Index Outlook — Valiant fight back by the bulls
Sensex that was staring down a crevasse towards the end of the previous week was pulled back by some brilliant rearguard action by the bulls. Statements emanating from the Government on intended disinvestment and financial sector ...
STOCKS:
Coromandel Fertilisers: Buy
Concerns about an erratic monsoon have beaten down the valuations of fertiliser stocks significantly in recent ...
STOCKS:
Unitech: Buy
‘Fortune favours the brave’ — this Latin proverb may well sum up the changing fortunes of Unitech as well as the high risk-return proposition that may be awaiting the prospective investors of ...
STOCKS:
Texmaco: Buy
Investors can consider accumulating the stock of Texmaco, a leading supplier of wagons to the Railways. Stability on the demand front with the Railways announcing an addition of 18,000 wagons, besides the heightened focus on developing ...
IPOS:
Raj Oil Mills — IPO: Avoid
Investors can refrain from subscribing to the initial public offer from Raj Oil Mills. Strong demand prospects for edible oils, the company’s established brands in Western India and a record of good profit and revenue growth, are ...
STOCKS:
Zensar Technologies (Rs 133.6): Buy
Investor with a medium-term investing perspective can consider the stock of Zensar Technologies. After peaking at Rs 379 in June 2007, it was on a structural downtrend till the January 2009 low of Rs 64. A steady medium-term uptrend is in ...
MUTUAL FUNDS:
HDFC Capital Builder Fund: Invest
Investors can buy HDFC Capital Builder Fund considering its long-term track record in delivering steady returns. The fund has a fairly high exposure to mid-cap stocks (less than Rs 7,000 crore market capitalisation), which means the volatility ...
CORPORATE GOVERNANCE:
Satyam: Six months later
In the nearly six months since the Satyam scandal broke, speculation has been focused on the failure of corporate governance mechanisms and the millions of dollars lost. Yet, by focusing solely on numbers we run the risk of losing the meaning ...
STEEL:
Not yet pay-off time
Tata Steel-Corus. Deemed the biggest foreign acquisition by an Indian company, Tata Steel acquired Anglo-Dutch steel-maker Corus in January 2007 for $13.7 billion. That the acquisition has some way to go before it pays off is evident from the ...
REAL ESTATE & CONSTRUCTION:
Cover for your home
Home insurance — a concept so far limited only to basic fire insurance cover taken along with home loans — is expanding its scope. Insurance companies are stressing on marketing other types of insurance policies related to homes ...
INSIGHT:
Gift card: The perfect present
Ever spent hours wandering from store to store, looking for a gift for someone that would be useful yet not commonplace? Consider an option that’s been around for quite a while, but is still relatively unknown – a prepaid ...
TECHNICAL ANALYSIS:
Query Corner: what the charts say
I am holding Era Infrastructure at Rs 125. What is the outlook for this company? Also give your outlook on NIIT purchased at Rs ...
REAL ESTATE & CONSTRUCTION:
Expanding serviced apartments
Enkay Condominiums, a part of the Enkay group based in Delhi, has announced plans to expand its chain of serviced ...
MUTUAL FUNDS:
ICICI Pru Emerging STAR: Reduce
Investors can consider reducing their exposure to ICICI Pru Emerging STAR Fund based on its uninspiring performance over a three-year period. The fund underperformed its category average over the past three- and six months and trailed ...
INCOME TAX:
Selling a flat? Keep an eye on dates
My brother booked a flat by paying an advance of Rs 3 lakh on April 30, 2005. He paid Rs 6 lakh in four instalments in financial year 2005-06. He paid the balance sum of Rs 2.50 lakh while registration on April 15, 2006, and ...
INVESTMENTS:
Dynamic asset allocation policy for core-satellite framework
Readers of this column would be aware that we lean towards a core-satellite portfolio framework. We recently received a query from a reader asking us how an investor should allocate assets between core and ...
REAL ESTATE & CONSTRUCTION:
Housing for industrial workers
Industrial estates promoted by the Tamil Nadu Government will, from now on, include social infrastructure as an integral part, with facilities for housing, education and healthcare, says a senior ...
BOOKS:
Money, a vital fluid that must flow freely
If you are still trying to make sense of what went wrong in the grotesque financial markets of the West, you may find help in social anthropology, suggests Gillian Tett in Fool’s Gold ( ...
TECHNICAL ANALYSIS:
Reliance (Rs 1,933.4)
RIL reversed from the low of Rs 1,718 to move to the short-term resistance at Rs 1,970 indicated last week. The stock is in a medium-term down-trend since May 19 and will face strong resistance at Rs 2,018 and Rs 2,200 in its quest to ...
PHARMACEUTICALS:
Betapharm blues for Dr Reddy’s
Three years back in February 2006, Dr Reddy’s Laboratories (DRL) had acquired Betapharm Arzneimittel GmbH (Betapharm), the fourth-largest generic pharmaceutical company in Germany, from the 3i Group PLC (3i) for €480 ...
MUTUAL FUNDS:
DSP BlackRock World Energy Fund: New opportunities
DSP BlackRock World Energy Fund (DSPBR WEF) is the latest thematic fund offering on the block. This open-ended equity fund would invest in BlackRock Global Funds (BGF) — World Energy Fund (WEF) and BGF — New Energy Fund ...
ECONOMICS:
Suffering from the endowment effect
Consider this. You buy an apartment for Rs 75 lakh and do some minor modifications to the living room. Soon thereafter, your employer asks you to relocate to Europe. You now want to sell your three-month old apartment. How much will you ...
INTERVIEW:
‘Infrastructure sector has huge potential’
With infrastructure theme funds once again becoming the flavour of the season, we checked out the opportunity this space holds by posing a few questions to Mr Nilesh Shah, Deputy Managing Director, ICICI ...
DERIVATIVES MARKETS:
Nifty future may trade sideways
Thanks to positive global cues coupled with strong performance by the Indian IT and banking majors, the Nifty future witnessed a sharp ...
REAL ESTATE & CONSTRUCTION:
Big rise in RHFL’s loan offtake
The Chennai-based Repco Home Finance Ltd (RHFL) has registered significant growth in home loan offtake during the first quarter of the ...
ENGINEERING:
Haunted by legacy orders
Punj Lloyd-Sembcorp. It was not high price or excessive leverage that marred Punj Lloyd’s acquisition story. Little could the company have predicted that legacy orders of a subsidiary of the acquired business would come back to haunt it ...
ALUMINIUM:
Strategic but no results yet
Hindalco-Novelis. Moving up the value chain, access to superior technology, high-end products and expanding the geographical reach were the driving forces for Hindalco, when it acquired Novelis for $6 billion in July 2007, when the commodities ...
INVESTMENTS:
Cash is king
A line in the famous Beatles tune “Can’t buy me love” went like this “I don’t care too much for money, money can’t buy me love”. Well, that isn’t true of stock investors as investors and bankers ...
TECHNICAL ANALYSIS:
Momentum indicator
Moving average convergence and divergence (MACD) is a trend following (lagging) momentum indicator which is dynamic and premeditated to identify trend changes. Developed by Gerald Appel in the 1960s, MACD shows the correlation between a fast ...
STOCK MARKETS:
Bull's Eye
E-mail your response before Tuesday ...
STOCK MARKETS:
Prominent bulk deals on NSE & BSE
...
STOCK MARKETS:
Baskets of X
E-mail your guess before Tuesday ...
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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