The Hindu Business Line : Sunday, August 07, 2005

Mutual fund investing on auto-pilot mode
YOU have done your homework, mulled over numbers and invested your savings into the best mutual funds you could identify. If you thought that was all you needed to do to get the best out of your investments, you are ... More

`Co-operative' structure ideal for UTI MF
It would be in the fitness of things if UTI Mutual Fund was turned into a co-operative or `customer-owned' structure, as that would provide the leadership that the money management industry sorely needs. Moreover, as it was the taxpayers' money that was used to bail out the UTI, it is only fair that they be given a chance to reap the benefits from it. More

SPOTLIGHT
Reliance Vision: Invest in phases
INVESTORS who wish to enhance their exposure to large-cap stocks can consider adding Reliance Vision Fund to their portfolio. Reliance Vision has emerged as one of the top-performing large-cap funds over a one-year period. It also sports a ... More

Alliance Equity:Invest in small lots
AN investment may be considered in Alliance Equity Fund as it has an impressive track record and its portfolio appears well-positioned to capitalise on growth opportunities in the economy. With a small asset base of about Rs 250 crore, the ... More

FUND TALK
Sell stocks ahead of funds
I invested Rs 3.16 lakh in March 2001 in the Franklin India Bluechip Fund at an NAV of Rs 15 per unit. The amount invested was the gratuity received by me after I took a VRS from a bank. Over the years, I have received regular dividends. Since ... More

ABN AMRO launches Dividend Yield Fund

STOCKS

Small investors cash out — Public holding down in most Nifty companies
THE sustained bull-run on the bourses for over two years has failed to lure small investors into the market in a big way. In fact, they seem to be pulling out their investments from equities. A good indicator of this trend is seen from the fall ... More

TECHNICAL ANALYSIS

Corrective phase ahead
Preferred view: Though the index logged a weekly gain of 49 points, market activity was bereft of the strong momentum that was evident in the past few weeks. Except for a sharp rally on Wednesday, the indices were confined to a ... More

Weak outlook for key pivotals
SBI (Rs 805): The price movement of the stock was not too different in comparison with the market indices. After touching a high of Rs 822 on Wednesday, it was confined to a trading range in the remaining days of the week. Though the ... More

Focus of the week
Nicholas Piramal (Rs 279.5): The outlook for the stock is positive and a move to the Rs 310-315 range appears likely. After being confined to a trading zone in the past few weeks, the stock managed to stage a breakout on Friday. The ... More

Query corner
Kindly advise about my holdings in Poplyplex Corporation bought at Rs 280 and Ruchi Soya at Rs 250. — Sangeeta Kapoor, Dr.Rahul Polyplex Corporation (Rs 204.2): The outlook would turn bullish on a close above Rs 232. On ... More

STOCK MARKETS

Private equity firms — profit-booking to the fore in first six months
PRIVATE equity firms have been aggressively booking profits in the domestic market with the value of exits crossing $1.1 billion in the first six months of the year. This was even as private equity firms made investments of $850 million upwards ... More

Pick a winner stock market contest
FOR the contest held during July 2005, the stock of GKW posted the maximum gain of 125.5 per cent. Its share price rose from Rs 17.8 to Rs 40.2. Out of 888 entries received, there are 49 winners, including multiple entries. The winners are: J ... More

SEBI GUIDE
Dealing with your broker
You can either go to the broker's /sub broker's office or place an order over the phone /Internet or as defined in the Model Agreement. How do I know whether my order is placed? The Stock Exchanges assign a Unique Order Code Number to ... More

DERIVATIVES MARKETS

F&O POINTERS
Nifty may turn volatile
NIFTY outlook: Last week, we had expected weakness in Nifty and had indicated if the Nifty breaches 2285 it could test 2265 and may even move to 2242-35 levels. We had also indicated, on the contrary, if the Nifty pierces 2335 levels, it ... More

No trading on IPCL
DESPITE a sharp run up in benchmark, the trading activity dipped last week at the derivative segment on the NSE; the average daily turnover sipped to Rs 17,123 crore against the previous week's figure of Rs 20,015 crore. The NSE has banned the ... More

FOREIGN INSTITUTIONAL INVESTORS

FIIs: Winning streak in Indian equities
FOREIGN institutional investors have developed a fancy for Indian stocks on a scale unparalleled in the last decade. The last couple of years, in particular, have seen a 50-per cent increase in the number of FIIs ... More

RECOMMENDATION

Visaka industries: Buy
AN investment in the stock of Visaka Industries can be considered. At the current price of Rs 159, the stock trades at about 10 times its expected FY06 earnings. Consistent operating margins, robust growth in top line and expansion plans in ... More

Aventis Pharma: Buy
FRESH exposure can be considered in the Aventis Pharma stock, which quotes at Rs 1,420. At the current price, the stock trades at a multiple of 20 times its expected per share earnings for the ongoing calendar. Though ... More

Reliance: Restructuring set to unlock value
Reliance Industries: Accumulate
Reliance Capital: Hold
Reliance Energy: Hold More

NIIT: Hold
SHAREHOLDERS can consider retaining their exposure in the NIIT stock at the current price levels. Since the stock has run-up by over 35 per cent in the past six months, fresh exposure can be avoided for now. The ... More

Crew B.O.S: Buy
AN INVESTMENT can be considered in the stock of Crew B.O.S, which exports fashion accessories such as bags, wallets and footwear. At the current market price, the stock trades at an attractive valuation of 12 times ... More

Jindal Stainless: Buy
While a broadening product mix is likely to result in higher realisations, the backward integration would enable the company reduce its input costs. Robust demand from domestic user industries and overseas acquisitions augur well for the company. More

AP Paper: Avoid
SHAREHOLDERS can skip the rights offer of The Andhra Pradesh Paper Mills, as the scope for appreciation may be limited. This recommendation is despite the fairly impressive track record of the company in a highly ... More

CCL Products: Buy
INVESTORS can consider taking exposure in the CCL Products stock, which, at the current price of Rs 340, trades at about 13 times its trailing 12-month earnings. Its value-addition business model serves as an ... More

RIGHTS ISSUE

JMC Projects: Avoid/Sell in open market
SHAREHOLDERS can consider rejecting the rights offer of JMC Projects, being offered at Rs 45. As the market price could fall post-rights, investors can sell the stock to prevent erosion in the value of their holdings. ... More

Ennore Foundries: Invest
TAKING into account the positive outlook for the automobile industry and the attractive offer price of Rs 60 (market price Rs 178), investors can subscribe to the rights offer of Ennore Foundries. The company makes ... More

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