MARKETS
OPEN OFFERS
United Breweries: Accept
SHAREHOLDERS of United Breweries (UB) can tender their holdings as part of the open offer being made by Scottish and Newcastle India (SNI) at Rs 575 per share. In our view, the pricing differential of 35 per cent ...
More
MUTUAL FUNDS
SPOTLIGHT
Kotak Global India: Hold
INVESTORS can retain their units in Kotak Global India. Since its inception in January 2004, the fund has turned in an impressive performance. Investors contemplating fresh exposures may choose funds with a longer track ...
More
Magnum Contra Fund: Invest in small lots
AN investment can be considered in SBI Magnum Contra Fund, as its portfolio appears to be well structured to capitalise on growth trends in the economy. A judicious mix of large-cap and mid-cap stocks, with a tilt in ...
More
FUND TALK
Too risky to rely on equity funds alone
How do I earn income from equity funds? I am a retired professional aged 66 years residing in Mumbai on my own. I have a corpus invested in diversified equity schemes, all in the growth option. As I need a regular monthly income, I would like ...
More
Canbank Mutual to merge Canganga and Cantriple
TECHNICAL ANALYSIS
Weakness beckons indices
Preferred view: Except for a firm trend on Monday, the index closed on a weak note on the remaining days of the week. The Nifty failed to move past the resistance level at 2125-2130 that was referred to last week. The index did not ...
More
Positive outlook for Reliance
Tata Power (Rs 412.6): A bearish upward sloping "wedge" pattern appears to be taking shape on the daily price charts. A drop below Rs 405 would confirm the completion of the pattern and would impart short-term weakness. A breach of Rs ...
More
Focus of the week
Bank of Rajasthan (Rs 68.6): The outlook is bullish. The stock appears to have completed a segment of the upward move at the high of Rs 54.5 in May 2004. The subsequent downward move would qualify as the correction to the earlier rally. ...
More
Query corner
STOCK MARKETS
Large-cap stocks, big safety
ARE equities attractive at current levels? The question assumes relevance with the Sensex moving past the 6,000 mark and inflows into mutual fund schemes peaking. It is worth bearing in mind that we are also ...
More
IndoNext gets off to a good start
BSE IndoNext, a joint initiative of the Bombay Stock Exchange and regional stock exchanges, has got off to a good start. Trading volumes in 505 stocks listed on the IndoNext trading platform have increased and so have the stock prices. Trading ...
More
DERIVATIVES MARKETS
Taxation of derivative transactions
Derivative contracts are not for purchase/sale of any commodity, stock, share or scrip. Derivatives are a special class of securities under the SC(R)A, 1956 and do not any way resemble any other type of securities like share, stocks or scrips.
More
Budget risk: Buy puts/sell futures
Investors can consider insuring a part of their portfolio against a possible decline in values to guard against an `event risk' ahead of the Budget to be presented on February 28. The Budget promises to unveil a number of initiatives that would ...
More
Using Futures/Options
This has reference to your article `Using Future/Options' in Business Line on Sunday 13. The reference given in the article talks about the position (which is at the end of day session) of stock in which there is a restriction in place. ...
More
READER RESPONSE
NSCCL circular
Options guide
Futures guide
REGULATORY BODIES & RULINGS
Agenda for SEBI's new CEO
THERE is reason to hope that Mr Meleveetil Damodaran will mould SEBI (Securities and Exchange Board of India) into shape and make it a more effective regulatory body. Mr Damodaran assumed office as the Chairman of ...
More
RECOMMENDATION
D-Link (India): Buy
INVESTORS with a medium-term perspective can consider taking fresh exposure in the D-Link stock; any declines, linked to broad market trends, could also be used to step up exposure. Considering the stock's recent sharp ...
More
Lumax Industries: Buy
THE steady growth in automobile production has been a positive for the financial performance of quite a few companies including Lumax Industries, makers of automotive lighting systems. The steady growth in ...
More
Syngenta India: Buy
INVESTORS with a long-term investment perspective can consider adding the Syngenta India stock to their portfolio. The stock trades at a price-earnings multiple of about 18 times its 2004 earnings, which stand at Rs 22. Improved growth rates ...
More
IPOS
Jet Airways: Invest at cutoff
ONLY investors with an appetite for risk should consider taking up the Jet Airways offer. We believe that the stock is reasonably valued at the lower end of the price band. At the upper end, returns over the ...
More
UTV Software: Avoid
A BUSINESS model that now remains more at the level of aspiration than in film production; an uninspiring track record in film production, an in-house channel that could act as a drag on profitability and resources; a ...
More
PUBLIC OFFER
Oriental Bank's second public issue gets Govt nod
ORIENTAL Bank of Commerce (OBC) has received the Government's nod for tapping the capital market with its second public issue. The bank had its initial public offering (IPO) in the year 1994 and mopped up Rs 387.24 crore by issuing equity ...
More
Stock Quotes
SE Diary
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
