The Hindu Business Line : `There's nothing so habit forming as money'

Jogin had just returned from a laborious pre-Budget seminar, but he remembered to connect to Khan even as he was getting ready for a VAT conference. Without wasting time, they pulled in Sridevi and Dakshinamoorthy for the weekly bourse-ki-baat. Stay tuned!

Jog: One week from now is the B-Day! Start counting

down. 7, 6, 5, ...

Kay: Like calm before the storm, market is waiting and

watching. :-|

Sri: True, with Budget too close, committing funds is not

advisable. JMO

Kay: The best strategy is to exit from 50 per cent of the

position. Toss a coin!

Jog: This should be done before Wednesday. Keep it a

secret. Shhh...

Sri: Chart patterns suggest that movement is likely to be

range-bound with negative bias.

Dax: Don't forget that F&O

contracts are expiring on

Thursday. Not `facilities &

operations', Jog!

Sri: Till Wednesday, markets are

likely to remain firm, but Jog,

you should update your

knowledge!

Kay: He doesn't seem to need it

for making money. "Money

doesn't talk, it swears,"

said Bob Dylan.

Jog: Call me dumb, Sri, but my advice is to avoid fresh

position except in very select stocks.

Dax: You're right. I feel ICICI Bank may see some

weakness, though I don't know why.

Sri: How naïve! The FIPB has asked it to scale down the

size of its sponsored ADS offering.

Kay: Mining companies could see some buzz, as I learnt

when following an earthmover on the road!

Jog: "Pleasure is mine," a miner told me, hoping the Bud

get would reduce Customs Duty on mining equipment.

Kay: To be happier, watch Texmaco. Several institutional

investors have bought the shares!

Sri: It has huge real estate in Delhi; value is in the region

of Rs 1,000 crore. How many zeroes?

Jog: Vroom... I see action in Hindustan Motors. It decided

to hive off its component business into a new subsidiary,

in which Actis is picking up a stake.

So, the next Act starts!

Dax: For drama, check India Bulls. It is likely to acquire a

leading domestic broking house with strong clients base

both on the retail and institutions levels. A charging bull!

Sri: JM Financial, another stock broking firm, is also

coming up with big plans in the retail broking.

Kay: Right, the stock has already run up by more than

40 per cent. Further upside for another 30-40 per cent is

possible soon. Play with caution. Is anybody tracking

Financial Technologies?

Dax: Me, Kay. It attracts attention after it spoke of

raising funds selling shares to overseas investors.

Jog: Power sector-related stocks such as KEC

International and CESC could also witness some action.

Sri: Watch SWIL, there's swell talk of some acquisition

talk going on. M&M may not be mum...

Dax: Yes, a JV announcement likely this week. There's

real interest in real estate companies!

Kay: Such as Ansal Housing, Ansal Buildwell, and

Mahindra Gesco. But FDI is postponed, na?

Dax: Yet they expect positive turn after Budget. Also,

re-rating is possible for these companies.

Sri: So, build your wealth. "There's nothing so habit forming as money," as Don Marquis said! Bye.

* * * * *

Lee, with inputs from Vir, Nat and Sve.

Send in your views to: Chat@TheHindu.co.in.

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