The Hindu Business Line : You gotta hit the bull's-eye

Jogin spent the weekend reading company law, spurred by BSE's corporatisation, and Dakshinamoorthy tried to estimate the costs of Bharat Nirman, even as Sridevi was reading movie reviews of Barsaat and My Wife's Murder on ApunKaChoice.com… till Khan rang the chat-ki-ghanti. Hop in!

Kay: Hi all! Everybody happy? :-)

Jog: It has been observed that in the last week of every month…

Dax: The index has moved up. This time also it looks so!

Sri : "All your talk has become bull just what do you see…"

Kay: "Don't place the blame on me," of Save Ferris! This week will see…

Dax: The expiry of derivatives contract, please remember.

Sri : Markets are expected to show v-o-l-a-t-i-l-e movements till then.

Kay: Crucial support exists for Nifty at 2,368… For your information!

Jog: One big reason for the rise in index could be Reliance Industries.

Kay: There's no corporate development that the market is expecting.

Sri : Did you check the premium in RIL stock futures for August contract?

Jog: More than Rs 13, which is substantially high.

Dax: Further rise in the stock looks possible this week.

Sri : "A dual bull fuelled with nitrous oxide thoughts…" as in Therapy!

Kay: Chart patterns suggest flat trends, with a slight downward bias.

Jog: Among mid-cap and small cap, Prime Property ka koi vichaar?

Sri : The company is coming in a big way with premium flats of Rs 5 crore per flat, in Mumbai suburbs. Can't even dream of one!

Dax: Most of the flats sold out! But this stock is for very high-risk investors as the stock has more than doubled in the last one month.

Kay: Similarly, Kerala Ayurved is another stock.

Jog: Suna tha that Ramesh Vangal, ex-Pepsi and promoter of Scandent Solutions, is taking over the co? Punters are very bullish...

Sri : No past fundamentals to support the stock price. Be careful!

Jog: SIEL moved sharply in the last one month, but Mawana Sugar, which holds 44 per cent stake in the company has not moved that much.

Kay: A good and safe investment at Rs 110. Other than the SIEL stake, good prospects for sugar industry will also help the stock to do well.

Dax: Anybody has last week's performance? Aug 16 vs previous Friday?

Jog: I have some numbers: IFB made about 20 per cent, while Kamat Hotels, Maikaal and Velan Hotels gained about 10 per cent.

Sri : Astra Micro and Bluecoast gained about 5 per cent.

Kay: Subhash Proj, Asian Electr and Finance Tech were up by about 2 to 3 per cent, while EIH made about half of that.

Jog: Other stocks remain in the positive terrain were Twinstar, Cipla, ONGC, Provogue, Ind Glycols and Mcleod. What about this week?

Sri : Street talk suggests action in Lloyds Steel, JCT, and Spanco Tele!

Dax: Spanco, a potential acquisition target for the Anil Ambani group?

Kay: Construction sector stocks may continue to do well.

Jog: Blue Star poised for upward move.

Sri : McLeod Russel was hived off from Eveready, which is now handling batteries. The stock seems to have found its own feet at last!

Kay: With price perking up in recent days? Now quoting at around Rs 65.

Jog: NDTV got beaten down somewhat lately. But market-men refer to its premier position to buttress their belief in a bounce-back…

Sri : Sooner than later… The stock is currently over Rs 330 or so.

Kay: Mount Everest Mineral Water was up smartly to Rs 60-plus, after staying at Rs 48-52 for some days. Now, trading volumes are good.

Dax: But, Kay, the only problem is that it's listed on BSE alone.

Jog: Mmm… an NSE berth could've helped in shoring up volumes further.

Sri : Heard Prajay Engg and TTK Prestige are good for long term.

Dax: Power and other infrastructure stocks may outperform markets in the longer run. Buy chit for JP Hydro as volumes on the increase.

Kay: Look at infrastructure funds (mutual fund route) for investments.

Jog: Without entering directly in the secondary market, to reduce risk?

Dax: Not a bad idea when the market is hot! "You gotta hit the bull's-eye!"

Sri : As Lucy Woodward sings. "I would venture to warn against too great intimacy with artists as it is very seductive and a little dangerous."

Kay: Queen Victoria's quote. May apply to analysts too!

Jog: "I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said," says Alan Greenspan. LOL

Dax: "Support the strong, give courage to the timid, remind the indifferent, and warn the opposed," advises Whitney M. Young.

Kay: Investing and gaining is like "trying to hit the bull's-eye of a rapidly shifting target on a very foggy day," as George P. Baker cautions!

Lee, with inputs from Vir, Nat, Mad, Nil, The and Sve.

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

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