The Hindu Business Line : Sunday, January 09, 2005

Rajasthan Spinning makes open offer for Jaipur Polyspin
RAJASTHAN Spinning and Weaving Mills Ltd, has announced an open offer for an additional 20 per cent stake in Jaipur Polyspin Ltd (JPL).The offer, currently open, closes on January 18 and follows acquisition of 60 per cent stake of Jaipur ... More

INVESTMENTS

Is CNX Mid-Cap 200 unbeatable?
The time has come to stay invested at all times in mid-cap stocks. While mid-cap mutual funds are a safe bet for the small investor, those with more than a few lakh rupees to invest may opt for portfolio management schemes. More

MUTUAL FUNDS

Mutual Funds in 2004 — Winners across the equity board
WITH the Sensex plunging from 6,000 levels to 4,500 and bouncing back to 6,000 again, it was certainly a roller-coaster ride for the equity market in 2004. Investors in equity mutual funds may still be dizzy from ... More

Debt funds inch towards positive returns
TAKE a look at the returns from debt funds and you might be inclined to switch to good old bank deposits. After all, few plain vanilla debt funds have been able to provide returns that match bank deposit rates. But, ... More

Equity bias helps balanced funds
BALANCED funds came through for the investors in 2004, taking advantage of the bullishness in the equity market as well as the rising interest rates. The average return from a balanced fund was about 12 per cent. The ... More

Franklin India Bluechip Fund: Invest in phases
FRANKLIN India Bluechip Fund remains one of the good investment options for first-time investors in equity funds and for those seeking a fund for their core portfolio. In 2004, the fund has lived up to its track record ... More

Sundaram Select Midcap: Hold
INVESTORS in Sundaram Select Midcap can stay with the fund. Its performance in 2004 has been impressive, and it was one of the major beneficiaries of the rally in the past six months. Though the fund lagged its ... More

Dividend or growth?
In terms of its effect on your returns from the fund, the dividend re-investment option is no different from the growth option. The dividend re-investment option is the superior one for investors who want the tax efficiency of the dividend option and are also willing to remain invested in equities through its ups and downs. More

Tata Balanced Fund fetches 30 pc dividend

Chola Midcap to pay 10%

TECHNICAL ANALYSIS

Short-term weakness to persist
Preferred view: The index moved in line with expectations. After moving to the target zone of 2120-2130, the Nifty turned weak on Tuesday. The weakness that persisted on Tuesday and Wednesday pushed the index below the bearish ... More

Positive outlook for ITC, Ranbaxy
The stock appears to be bracing for the next leg of the upward move. The outlook remains bullish and the earlier view of a move to Rs 1,450-Rs 1,500 range is valid. The bullish outlook would be negated only if the stock declines below the stop ... More

Focus of the week
Tata Coffee (Rs 300): The stock has moved to the earlier mentioned (edition dated December 12) target of Rs 305-Rs 310. The outlook remains bullish and a move to the next target zone at Rs 345-Rs 350 appears likely. Hold with a stop-loss ... More

Query corner
What is the outlook for KEC International and IVRCL Infrastructure? S. Viswanathan KEC International (Rs 127.2): There is a possibility of a drop to Rs 112-Rs 115 range. The long-term trend, however, is bullish. The share price is ... More

STOCK MARKETS

Indian stocks catch the fancy of global retail investors
THE dollar inflow into the Indian stocks is not just fuelled by foreign institutional investors, but individual investors living abroad are now becoming major investors in the domestic markets. Encouraged by the "Indian story", retail investors ... More

DERIVATIVES MARKETS

Volatile condition may prevail
AFTER beginning the New Year on a promising note, the market was swamped by selling pressure (or call it a correction), as the benchmarks witnessed a free fall. Trading activity was robust and far higher than what one witnesses in a week that ... More

Using Futures/Options
Derivative trading in India takes place either on a separate and independent Derivative Exchange or on a separate segment of an existing Stock Exchange. Derivative Exchange/Segment function as a Self-Regulatory Organisation (SRO) and SEBI acts ... More

Futures guide

Options guide

RECOMMENDATION

Shanthi Gears: Buy
AN investment can be considered in the stock of Shanthi Gears as it appears well set to post impressive revenue and earnings growth in FY 06 aided by the buoyancy in industrial growth across several sectors. The expansion under way in sectors ... More

Tata Finance: Sell
Investors in Tata Finance can sell their stake as its merger with Tata Motors nips in the bud the possibility of capital appreciation linked to the continued improvement in its financials as a stand-alone entity. This aspect, and not a merger, ... More

Tata Elxsi: Buy
INVESTORS with a medium-term perspective can consider taking exposures in the Tata Elxsi stock. Any weakness in the broad markets can also be used to step up exposures in small lots. At Rs 158, the stock trades at ... More

Balaji Telefilms: Buy
INVESTORS may take exposure in the Balaji Telefilms stock, as there could be potential for gains over a one/two-year period. As it locks into one more prime-time slot on Star Plus in the evening and the recently ... More

MRF: Buy
MRF's performance has to be viewed in the backdrop of the rough patch the tyre companies went through recently. Rising raw material prices and relatively subdued trend in demand were the key factors that have affected ... More

The Dhampur Sugar Mills: Book profits partially
INVESTORS can use the sharp run up in the Dhampur Sugars stock to book profits on their holdings in the stock at its current price of Rs 92. With fairly large crushing capacities and integrated operations, the ... More

PUBLIC OFFER

OBC eyes Rs 1,500 cr from second offer
THE Oriental Bank of Commerce (OBC) is aiming at garnering between Rs 1,500 and Rs 1,800 crore through its second public offering. "We will be raising Rs 1,500- 1,800 crore from the market within this fiscal. We expect to receive approval for ... More

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