The Hindu Business Line : Sunday, December 18, 2005

Mutual funds can do more for investors
BY ALL accounts, 2005 has been a wonderful year for investors in and managers of mutual funds. There has been a considerable increase in the assets under management of equity funds and profitability has thus increased for fund houses. Investors, ... More

STOCK MARKETS

Bullish trend in indices
Preferred view: The index moved in line with last week's expectations. It ruled firm and also turned direction right at the target zone of 2820-2830 mentioned last week. After touching a high of 2825.65, the Nifty went into a ... More

Positive outlook for key pivotals
SBI (Rs 923): The price action during the week was devoid of any trend. After a positive trend in the early part of the week, the trend turned bearish on Thursday. The stock, however, staged a sharp recovery on Friday. The price ... More

Focus of the week
Sakthi Sugars (Rs 111): The stock was covered in this column earlier (edition dated September 18). The share price breached the then-mentioned stop-loss level of Rs 90 and dropped to a low Rs 68. The stock went into a much deeper ... More

Nifty may break out either way
For the week ahead, we expect the Nifty to exhibit a volatile trend as sentiment indicators such as implied volatility and put/call ratio point towards that possibility. More

Query corner
A few weeks ago, you expressed a bearish view on Tata Motors, but the stock has moved up in the recent weeks. What is your view now? Tata Motors (Rs 619.2): Contrary to the bearish view expressed earlier (edition dated October ... More

DERIVATIVES MARKETS

Options guide

FINANCIAL INSTITUTIONS

`Institutional investors must watch corporate governance norms'
THE Ministry for Company Affairs on Saturday urged financial institutions to play a major role in making the corporate sector adhere to good corporate governance practice. Speaking at a roundtable on `Role of Institutional Investors in the ... More

REGULATORY BODIES & RULINGS

Pawar rules out FMC-SEBI merger
PUTTING an end to all speculation on having a single regulator for both commodities and securities markets by merging FMC with SEBI, the Government has decided to retain Forward Market Commission (FMC) as the sole regulator for the commodity ... More

Justice Sodhi is SAT Presiding Officer
THE Union Government has appointed Mr Justice Nauvdip Kumar Sodhi as the Presiding Officer of the Securities Appellate Tribunal (SAT). Mr Justice Sodhi, a former Chief Justice of Karnataka High Court, replaces Mr Justice Kumar Rajaratnam, who ... More

RECOMMENDATION

IL&FS Investment Managers: Buy
INVESTMENTS may be considered in the stock of IL&FS Investment Managers at the prevailing price of Rs 125. The stock is now trading at a price-to-earnings (PE) multiple of 33 times its earnings for the 12-month . More

PruICICI Power: Hold
PRUICICI Power has been a consistent middle-of-the-road performer in the equity funds' category. As the returns compare well to most diversified funds, investors can retain their units in the fund. However, if this is ... More

DSP Merrill Opportunities: Invest
EXPOSURES may be considered in DSP Merrill Lynch Opportunities Fund, as it appears well placed to repeat its impressive performance over the past five years. The fund's portfolio tilt and composition hold promise and ... More

Aroni Chemical: Accept
SHAREHOLDERS of Aroni Chemical Industries can consider accepting the open offer by Winro Commercial. Winro, part of the promoter group, is offering to pay Rs 66.8 (including interest of Rs 35.3 at 15 per cent for the ... More

Ginni Filaments: Weave it in
INVESTORS can subscribe to the seasoned public offer of Ginni Filaments. The price band of Rs 19-22 is at more than 50 per cent discount to the prevailing market price of Rs 35. At the upper end of the price band, ... More

Educomp Solutions: Avoid
INVESTORS can refrain from subscribing to the book-built initial public offer by Educomp Solutions (Educomp). At the upper end of the price band of Rs 110-125 per share, the price-earnings multiple works out to 17 times ... More

Bartronics India: Invest at cut-off
AN investment can be considered in the initial public offering of Bartronics India as it has immense growth potential; it offers product-tracking services that are likely to play an increasingly important role with ... More

Celebrity Fashions: Invest at cut-off
AN investment can be considered in the initial public offer of Celebrity Fashions. A substantial ramp up in revenues is in the offing, as Celebrity recently signed a memorandum of understanding with Ambattur Clothing to ... More

UTI Bank: Buy
AN INVESTMENT can be considered in UTI Bank. Given the growth recorded by the bank in the past several quarters and the continuing momentum, the stock's valuation is attractive. The bank's increasing thrust on the retail segment and a ... More

Aarti Industries: Buy
INVESTORS can consider taking exposures in the Aarti Industries stock which, at Rs 150, trades at 11 times its trailing 12-month earnings. The chemicals company is on investment mode and plans to raise about Rs 110 crore from the overseas ... More

IPOS

PVR fixes intial public offer price at Rs 225
The company had entered the capital market with an initial public offer of 77 lakh equity shares of Rs 10 each for cash at a price to be determined through the book building process. The price band was fixed at Rs 200 and Rs 240 per equity ... More

ECONOMIC OFFENCES

YES Bank IPO scam: Her office stays closed after SEBI bar
A LOCK stares at you at 402-403, Shashwat Building, Ahmedabad, the address provided by Ms Roopalben Panchal, one of the barred investors who had allegedly manipulated allotment of shares in the YES Bank initial public offer. Neighbours tell you ... More

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In Focus

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Trends in IT - 2005

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