The Hindu Business Line : Sunday, November 13, 2005

Funds that offered the best five-year ride
NO MATTER what people may say of stocks, selecting the best equity funds for your portfolio is certainly not a task for that famous dart-throwing monkey. The choice of equity funds can make a huge difference to your ... More

SPOTLIGHT
HDFC Long Term Advantage: Buy
INVESTORS can consider exposures in HDFC Long Term Advantage, as it remains one of the more consistent performers among equity funds. An investment in this fund will qualify for deduction under Section 80-C of the ... More

Prudential ICICI Growth: Sell
INVESTORS in Prudential ICICI Growth Plan may cut exposures, as the fund continues to lag its peers; this is despite an improvement in performance over the past few months. The latter may be used as an opportunity to ... More

Benchmark Split Capital: Invest
Investors thinking of insuring their portfolios against further losses due to a stock market decline can consider investing a portion of their funds in the Class `A' units of Benchmark Split Capital Fund. More

ELSS investment in current fiscal eligible for tax benefits
THE Central Board of Direct Taxes (CBDT) has clarified that investments made on or after April 1, 2005, in equity linked savings scheme (ELSS), which are in accordance with ELSS 1992 or ELSS 1992 as amended in 1998 are also eligible for tax ... More

PORTFOLIO MOVERS
UTI Growth and Value
A BLEND of value and growth stocks has the potential to smoothen the ride during roller-coaster market phases. A steep fall in growth stocks during a market decline is likely to be offset by the dividend-yielding capability of value stocks. Thus, ... More

FUND TALK
Track record of product is key
While selecting a fund, it is best to go by the long-term track record of the particular product you are looking at, rather than by the identity of the fund house. More

TECHNICAL ANALYSIS

Query Corner
Kindly advise about my holdings in Manali Petrochemicals bought at Rs 19.75 and Dabur at Rs 166.50. — S. Suresh, Srikanth Seshagiri, Tarun Saraf Manali Petro (Rs 24.2): As anticipated (edition dated October 9), the stock ... More

Nifty packs momentum but correction likely
The index ruled strong and moved past the first resistance zone at the 2460-2470 range. This helped the index move to the next target zone of 2530-2550 that was mentioned last week. Taking into account the recent uptrend, there is a case for a ... More

Bullish undertone in SBI, Reliance
SBI (Rs 871): Contrary to expectations, the stock ruled firm and moved past the bullish trigger level of Rs 862. As is the case normally, if the stock has the strength to move past a resistance zone, the trend would continue for a while ... More

Focus of the week
Balrampur Chini (Rs 89): The stock has been moving in a sideways pattern for almost three months now. This could be part of a consolidation pattern before the start of the next leg of the upward move. The stock appears to be tracing ... More

STOCK MARKETS

Are Indian equities all that expensive?
With reforms slowing perceptibly, FIIs may fear that the growth engines are fast running out of stimulus. If such fears prove unfounded and listed Indian companies continue reporting earnings growth of over 15 per cent in the next four quarters, the FII flows will be back with a bang. More

SEBI GUIDE
Penalties in the takeover process
WHAT happens if the acquirer/target company /Merchant Banker violates the provisions of the Regulations? The Regulations have laid down the general obligations of acquirer, target company and the Merchant Banker. For failure to carry out these ... More

DERIVATIVES MARKETS

F&O POINTERS
The firm trend may continue in Nifty
If the Nifty sustains current levels and opens on a strong note on Monday, then it could go up to a high of 2610 and may even to 2680. More

Options guide
Call option: A call option gives the buyer `the right but not the obligation' to buy the stock at a specified price on a future date. Put option: A put option gives the buyer `the right but not the obligation' to sell a stock ... More

FOREIGN INSTITUTIONAL INVESTORS

Temasek not to pick up stake in SpiceJet
TEMASEK Holding has decided against picking up a stake in the domestic low-cost airline SpiceJet. "Temasek is not participating. There were some issues," the airlines' Chief Executive Officer, Mr Siddhanta Sharma, told Business Line. ... More

RECOMMENDATION

Karur Vysya Bank: Buy
The stock is trading at eight times its earnings for the 12-month period ended September 2005 and at about 1.25 times its book value. Relative to size and past performance, the stock is not under-valued. With steady earnings growth, returns ... More

Gammon India: Buy
INVESTORS with one/two-year horizon can consider taking exposure to the Gammon India stock. A bulging order-book, improving margins and a well-diversified order-mix lend optimism, despite the stock trading at a rich ... More

Atul: Book profits
INVESTORS may consider divesting their holdings in the stock of chemicals manufacturer Atul. Though at current market prices, the value of its equity portfolio accounts for more than half of stock's price of Rs 120, the ... More

Kirloskar Brothers: Buy
WE RECOMMEND investors to buy the stock of Kirloskar Brothers (KBL) at Rs 235. The stock has delivered a more than ten-fold return since our last recommendation, to buy, in June 2004. We believe the stock still has good ... More

GlaxoSmithKline Pharma: Hold
WITH frontline domestic pharma majors such as Ranbaxy and Dr Reddy's having to contend with heightened pressure on the generics front in the key American market, stocks of pharma MNCs appear the safer option. ... More

IPOS

Bombay Rayon: Invest
INVESTORS with an appetite for risk can consider subscribing to the initial public offer of Bombay Rayon. Those who meet their targeted returns upon listing would be better off taking profit. The outlook is positive ... More

Stock Quotes
SE Diary

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ELSS investment in current fiscal eligible for tax benefits

Amidst volatile price situation ...
Cost control, product mix boost steel cos' numbers

In Focus

Indian Aviation: Sky is the limit

Stock splits

India Inc's bonus bonanza

Dabhol power regenerated

Sethusamudram Canal Project

India Inc's overseas acquisition

In Depth

Gender Justice

Simple Economics

Tax Talk

Looking back
Nov. 6-Nov. 12
Investment products have created new dimension to wealth creation

New diversified equity funds' asset base at Rs 15,000 crore

No transaction costs for shifting DP accounts

One fell swoop on ELSS