![]() Financial Daily from THE HINDU group of publications Monday, Jul 18, 2005 |
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Markets
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Stock Markets Columns - Chat To do many things do only one thing at once
Khan was making video-grabs of TV images to see if he could hone his detective skills, and Jogin tried to read HP reviews on the Net after having failed to get a copy! Dakshinamoorthy prayed for world peace at the nearby mandir, but Sridevi sent an SMS to all of them: CHAT! Hop in. Sri : Hi, everybody. Is the glass half-full? Kay: You seem to be as optimistic as the market! Jog: Looks more bullish as markets surged toward close on Friday. Dax: Bulls took over the reins once again. Further rally in the offing? Sri : Wait, if only it crosses 2,225 on the NSE! Kay: That’s okay, but don’t look at numbers so closely. Jog: See the trend, sentiment and FII inflows, you want to say? Kay: True, FIIs were the major force in the bullish market now. Sri : I’m happy they’re creating more assets for small investors! Jog: Sri, CHAT is ‘Criminal History Access Tool’ in Michigan? Kay: Also, Conversational Hypertext Access Technology… Dax: And Checklist for Autism in Toddlers, on www.acronymfinder.com! Sri : The way Sensex rose on Friday... Kay: It looks another 200 points rise is possible, you want to say. LOL Jog: But as I have said in the past, be careful. Very careful, that is! Dax: You spoilsport! Is there no magic wand with anybody here? Kay: Wait, Dax! Please note that Jog talks sense! Sri : Yeah, the market can crash any moment. Jog: The more it goes up, the sharper would be the fall! Sri : If you know the law of gravity! Dax: Looks like the majority wins! Any stock specific suggestions, koi? Kay: Pennar Industries is a stock that was buzzing last week. Jog: Hmm…Further upside is possible. Dax: Because of restructuring in the company? Sri : Right. But the Rs 10 face value share will get converted to Rs 5. Jog: It’ll also cut a lot of interest cost due to debt restructuring. Kay: Another debt restructuring story happening is Haryana Sheet Glass. Jog: The stock is always on upward circuit everyday. Sri : Buy it, if you can get it in the morning! Dax: Did anyone notice ITI? It is buzzing. Kay: Good that you mentioned it. Buy the stock. Jog: Heard that the co has written to the Government to sell its land. Sri : If that happens, a lot of cash comes into the company! Dax: Infosys fell over 5 per cent last week, despite reasonable Q1 results. Kay: It’s on my buy list for the medium term. It may rebound! Sri : In mid-cap, Escorts and EID Parry are quite bullish. Buy. Jog: Apollo Hospitals looks healthy. :-) Dax: With P&G shareholders approving Gillette buy, we can see some big action in Indian Shaving Products counter. Kay: I was crunching last week’s numbers. Adlabs Films gained about 6 per cent and Tainwala was up on July 11 by 5 per cent. Sri : Motherson and IVRCL booked more than 4 per cent gains. Dax: While Sterlite, Siemens, Rajshree Sugars, and Hind Copper were in the region of 3 per cent. About a per cent less was what ABB, Finance Tech and Reliance enjoyed. Jog: Of the other scrips that we’d mentioned last week, the ones that ended up on a positive note on Monday were Hindalco, Satyam Comp, ONGC, BHEL and IDBI. Sri : Koi dekha the dance of Peacock Industries! Kay: Let me whisper about accumulation by a big player… Jog: Of Biopac & Futura Polymer? Dax: I’m watching Wall Street Finance, Gslot Entertainment and... Jog: Also move Sanghvi Movers into your list! Sri : TCS, don’t lose sight of it. Kay: There’s something about Aptech. You know about SSI transferring a part of its holding to a big player, and about the open offer. Jog: Sharp run up. Likely to cool off. I read a quote of Henry Ford... Dax: “Wealth, like happiness, is never attained when sought after directly. It comes as a by-product of providing a useful service.” Like chatting. Kay: Lost wealth may be replaced by industry, lost knowledge by study, lost health by temperance or medicine, but lost time is gone forever. Sri : That’s of Samuel Smiles! He also said, “The shortest way to do many things is to do only one thing at once.” Take care! ** Lee, with inputs from Vir, Nat, Mad, The and Sve. Send in your views to: Chat@TheHindu.co.in.
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