MARKETS
MUTUAL FUNDS
Master Value Unit Plan: Pare exposures
UNITHOLDERS in the Master Value Unit Plan of UTI Mutual Fund can pare exposures to lock into gains following the NAV spurt over the past six months. The fund focusses on mid-cap and small-cap stocks. There are a few ...
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Mutual funds on a stock selling spree
THE gross sales of equities by the mutual funds have outstripped gross purchases in five of the last eight months from April till November, according to the data available with the Securities and Exchange Board of India. On the contrary, ...
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Kotak MF launches new income scheme
THE Kotak Gilt Investment PF & Trusts Plan has been launched by Kotak Mahindra Mutual Fund. The following are the salient features of the proposed fund: It is targeted at provident funds and trusts; It would ...
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HDFC Growth Fund: Sell
INVESTORS in HDFC Growth Fund can sell their holdings, especially on strength in the broad market, and switch to options with a superior performance across different time periods. HDFC Growth Fund has done well to ...
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Tata Young Citizen's Fund: Hold
INVESTORS in the Tata Young Citizen's Fund (TYCF) can hold on to their investments, given its satisfactory five-year track record. The fund has generated returns of about 49 per cent over the past year. After ...
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Prima Plus: Book profits partially
INVESTORS in Franklin India Prima Plus, especially those who have opted for the Growth Plan, can book profits by selling a part of their holdings (50-60 per cent), especially on strength in the broad market. This ...
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Not out of the woods
THE breathtaking rise in equity values over the past six months and the sweeping nature of this rally have done a lot to diminish the unsavoury experience that Indian investors have had with equity mutual funds. In ...
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TECHNICAL ANALYSIS
Hind Lever likely to move upward
SBI (Rs 448.7): Though the overall outlook for the stock appears positive, the near-term outlook appears weak. On the downside, a drop to Rs 395-400 is not ruled out. A close below Rs 435 would confirm the short-term bearish outlook. On ...
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Focus of the week
Bharat Earth Movers (Rs 219.2): The stock has already been covered on two earlier occasions. It has managed to move to the target price that was mentioned earlier. After a brief correction, the stock now appears to be headed towards the ...
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Query corner
What is the outlook for Wipro and Balaji Telefilms? — Rahul Gupta & Abhishek Porwal Wipro (Rs 1451.1): The near-term outlook appears positive. A close above Rs 1510 would confirm the positive outlook and could push the ...
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Bullish trend may resume
Preferred view: Contrary to expectations, the market sentiment remained weak. After a firm trend on Monday, a bearish trend prevailed on the next three days. The index staged a sharp reversal on Friday and bounced off a crucial support ...
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STOCK MARKETS
On the move
Jyoti Structures (Rs 101) - The stock surged 29 per cent after it bagged a contract worth Rs 42 crore from the Maharashtra State Electricity Board. Bombay Burmah Trading (Rs 72) - The stock rose 24 per cent on the news that it ...
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DERIVATIVES MARKETS
Action shifts to Dec contracts
The week witnessed subdued activity with an exception on Friday when trading activity picked up in the December contracts. The overall turnover crossed the 10,000-crore mark after a gap of 10 trading sessions. After the lull in the F&O segment ...
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Using futures/options
If my expectations are bearish on an underlying stock, what should be my positions in the futures and options market - Bhanu When you have a bearish outlook on an underlying stock, some of the simple strategies that you can use ...
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RECOMMENDATION
Thirumalai Chemicals: Buy
INVESTORS with a medium-term perspective can contemplate buying into the Thirumalai Chemicals (TCH) stock. The company's strong presence in the phthalic anhydride (PAN) segment, broadening of the product portfolio and ...
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Shasun Chemicals: Hold/buy on declines
INVESTORS can retain their holdings of Shasun Chemicals. The stock has run up considerably over the past four months, in sync with other stocks from the mid-cap pharma brigade. Any decline in price levels linked to ...
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BASF India: Hold
AS A diversified conglomerate with interests in agrochemicals, specialty chemicals and plastics, BASF India appears well-poised to benefit from a simultaneous revival in prospects for both its agricultural and ...
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Balaji Telefilms: Sell
SHAREHOLDERS in Balaji Telefilms can cut exposures in the stock, as the slippage in its key performance parameters such as revenues and earnings remains a cause for concern. The recommendation to sell represents a ...
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UTI Bank: Relative value Buy
INVESTORS can buy the stock of UTI Bank. On key parameters, UTI Bank's performance in first half of 2003-04 does not compare favourably with those of HDFC Bank, which is the leading private sector banking player. In terms of growth in retail ...
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Nicholas: Healthy pill Long-term buy
FRESH investments can be considered in the stock, especially on any declines related to any weakness in broad markets. At the current price of Rs 543, the stock trades at 15 times its trailing four-quarter earnings per share. Restructuring ...
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RIGHTS ISSUES
The Dhampur Sugar Mills: Avoid
SHAREHOLDERS, especially those with a low risk appetite, may be better off staying away from the rights offer being made by the Dhampur Sugar Mills (DSM). The company has been reporting net losses for the past five ...
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BOOKS
BOOK VALUE
Can't drive markets or racecars in straight line
YOU normally don't expect saints at a discotheque, nor mathematicians in the market, but that was what happened when John Allen Paulos fell `disastrously in love' with the market. He was good in statistics, probability ...
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