MUTUAL FUNDS

`Time to look beyond large-caps'
`Mutual fund investors do not have as much exposure to mid-cap stocks as they ought to.' More

PruICICI Power: Hold
INVESTORS can hold on to PruICICI Power. The fund has a good three-year track record. In 2003, it was among the top performing funds. But in 2004, its performance has been more sedate, lagging that of other diversified ... More

STOCKS

TECHNICAL ANALYSIS

Positive outlook still holds steam
Preferred View: Though the index logged a net gain of about 18 points, the market activity was lacklustre. The index was confined to a range and was devoid of any significant momentum. This, however, has not negated the positive ... More

Focus of the week
Alembic (Rs 272.5): The stock has moved to the earlier target zone (edition dated December 12) of Rs 275-280. The outlook remains bullish with the stock having broken out of a consolidation zone with huge volumes on Friday. The stock could ... More

Query corner
Prism Cement (Rs 21.6): The stock is likely to seek lower levels in the near term. The long-term outlook, however, is positive. After a drop to the Rs 18-19 range, the share price is expected to resume the next leg of the rally. A move to ... More

STOCK MARKETS

The hits and misses of 2004
TO ASSESS how we at Business Line performed with its stock calling compared to the broad market, we collated all the calls we made from last November to October this year. We made a total of 376 calls on 250 ... More

Dividend yield strategy — BSE-100's dogs finish on top
Investing in dividend dogs of BSE-100 is similar to the strategy of `Dogs of the dow' followed in the US. For the third in a row, a strategy of investing in the top dividend yielding stocks of BSE-100 has delivered better returns than that of an aver age mutual fund. More

Dalal Street's crisis matrix
BETWEEN the BSE Sensex at 6,498.06 on December 24 and its 14.97-point ascent to 6,513.03 last Monday, came a Magnitude-9 earthquake and a tsunami that left hundreds of thousands dead from Indonesia to Kenya, all along ... More

DERIVATIVES MARKETS

Nifty may see further rise
LAST week saw the settlement of December contracts and the introduction of March series in the derivative segment. Rollover of open interest positions to January series was at an impressive level. More than 70 per cent of the open positions in ... More

Using futures/options
There was a sharp spurt in the option prices of Tata Steel though only two or three days were left for the expiry on 30 December. 1) Why this sudden surge in the option prices? 2) Is it due to high-implied volatility of the stock? 3) ... More

RECOMMENDATION

Petronet LNG: Buy
THE Petronet LNG stock has appreciated 36 per cent in the last fortnight alone, moving from Rs 23 to Rs 32 now. Shareholders can continue to stay with the stock for further appreciation in the next one year and ... More

Indian Rayon: Buy
AN INVESTMENT can be considered in the stock of Indian Rayon. Although the stock has run up considerably in recent weeks, it still looks attractively priced from a long-term perspective. The company's older business ... More

Munjal Showa: Buy
INVESTORS with a long-term perspective may include Munjal Showa in their portfolio. An impressive list of clientele, strong fundamentals and steady business prospects are positive features. Though the rising trend in ... More

Coromandel Fertilisers: Buy
LONG-TERM investors may add the stock of Coromandel Fertilisers to their portfolio. The stock appears to carry limited downside risk at an undemanding price-earnings multiple of eight times its trailing 12-month per share earnings. With ... More

Prism Cements: Buy
Investors can buy this stock from a one-to-two year perspective to capitalise on likely gains linked to its participation in the consolidation processes. The fundamentals are also acquiring a healthier hue. As a better balance emerges between ... More