The Hindu Business Line : Sunday, June 05, 2005

SEBI GUIDE
Online bidding
`Retail individual investor' means an investor who applies or bids for securities of or for a value of not more than Rs.1,00,000. Can a retail investor also bid in a book-built issue? Yes. He can bid in a book-built issue for a value ... More

INVESTMENTS

What are the virtues of long-term investing?
THE first lesson in value investing is to stay invested for a long term. This is based on the premise that in the long run, the intrinsic value of the security will be recognised by the market, thus enabling the value ... More

MUTUAL FUNDS

Equity funds outperform indices
IN THE two years between March 2003 and March 2005, diversified equity funds have notched up a sustained impressive performance. They have managed to keep their reputations intact with index-beating performances ... More

HDFC Top 200: Invest
AN investment can be considered in HDFC Top 200. This diversified equity fund has a strong and stable long-term track record. Top 200 has beaten the broad-based BSE 200 every year since 2000. It continues to be ... More

FT India Balanced: Invest in small lots
IF EXPECTED annual returns of about 12 per cent over a long period excite you then balanced funds are an appropriate prescription. Among them, HDFC Prudence has an outstanding record. The performance of FT India ... More

SPOTLIGHT
DSP ML Opportunities: Invest
INVESTORS can consider exposures to DSP-ML Opportunities Fund. The fund invests predominantly in large-cap stocks, which makes it ideally suited for a conservative investor. The large-cap bent of its portfolio makes ... More

Kotak launches Contra fund

TECHNICAL ANALYSIS

Short-term uptrend in force
Preferred view: The market action was in line with last week's expectations. After an initial short-term corrective phase, the trend turned positive on Friday. The index sought support at the first support zone at 2060-2064 range. The ... More

Focus of the week
Nicholas Piramal (Rs 268.4): Pharma stocks have been on a downward trend in the recent months. Nicholas Piramal was no exception to this bearish trend. The stock appears to have completed the downtrend at the latest low of Rs 200. The ... More

Positive outlook for Infosys, Satyam
SBI (Rs 663.9): The expected short-term weakness in the stock materialised during the week. After dropping to a low of Rs 653, the stock closed marginally higher on Saturday. A close above Rs 690 would have positive implications and would ... More

Query corner
What is the outlook for Gujarat Ambuja Cements, bought at Rs 450 and Engineers India at Rs 460? — S. Srinivas Gujarat Ambuja Cements (Rs 443): The stock is in a long-term uptrend. Investors willing to wait for about six ... More

STOCK MARKETS

Equities: Time to tread cautiously
EQUITY prices have staged a smart recovery over the past few weeks. The Nifty is now just about 5 per cent shy of its all-time high and the CNX Mid-Cap 200 has hit a new peak, as it crossed the 3,000-mark last week. ... More

DERIVATIVES MARKETS

Nifty at a crucial junction
The narrowing down in backwardation in Nifty futures also indicates a positive bias. More

Moderate trading
THE trading activity at the F&O segment on the NSE was just moderate during the last week ending Friday; the average daily volumes improved to Rs 8821 crore against the previous week figure of Rs 13,606 crore. Fair value: The fair value ... More

FOREIGN INSTITUTIONAL INVESTORS

Rico to issue equity shares
NEW DELHI: Rico Auto Industries Ltd said on Saturday that it would issue 1.54 crore equity shares to institutional investors and 30 lakh convertible warrants to its promoter group. The shareholders at the extraordinary general meeting ... More

EVENTS

Stock market contest winners
Out of 862 entries received, there were 23 winners, including multiple entries. The winners are: K. Chandra Shekar (Sirsilla), R. Vishwanathan (Coimbatore), R. Easwaramurthi (Coimbatore), G. Senthil Vadivu (Vellakovil), Urmila Goel (New ... More

RECOMMENDATION

Nilkamal Plastics: Buy
AN INVESTMENT can be considered in the stock of Nilkamal Plastics, which quotes at about 10 times its expected FY-05 earnings. At Rs 126, the stock hovers around its book value, which is attractive considering the growth prospects. ... More

Vesuvius India: Buy
INVESTMENT can be considered in the stock of Vesuvius India. At its current price of about Rs 200, the stock trades at a price-to-earnings multiple of about 16 times. The sustainable business model, the strong fundamentals, the rich product ... More

Tata Power: Hold
TATA Power shareholders can continue to hold the stock for now. The company had a forgettable fourth quarter and its performance in the whole year, 2004-05, was also not noteworthy. Despite all-time high generation, ... More

EIH: Book Profits
SHAREHOLDERS can consider booking profits in the stock of EIH, part of the Oberoi group of hotels. The stock has appreciated smartly over the past few months on the back of buoyant trends in the hotel industry, which ... More

Bajaj Auto: Book profits
BAJAJ AUTO'S performance for the quarter ended March 2005 reflects the business environment in the two-wheeler industry. The company reported a 28.3 per cent rise in turnover and a 29 per cent jump in gross profit ... More

Union Bank of India: Buy
ONE CAN consider an investment in the stock of Union Bank of India. The stock trades at a price-to-book ratio of 1.5 times. This is at the higher end of the spectrum, considering the valuation of other public sector ... More

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