The Hindu Business Line : Sunday, December 25, 2005

Leveraging India Inc's investments
There may be value for patient investors from exposures in select companies with sizeable investments. The ones that make the cut are Tata Investment Corporation, Parry Agro, Ramco Industries, Maharasthra Scooters, Zuari Industries, Rane Holdings, At ul, Indian Oil, Eicher and SRF Polymers. More

MUTUAL FUNDS

PruICICI Income Multiplier: Hold
EXISTING investors in PruICICI Income Multiplier can retain their exposures. PruICICI Income Multiplier is predominantly a debt-oriented fund that can invest up to 30 per cent of its assets in equities. Tax impact: There is a trade-off ... More

Sundaram Select Midcap Fund: Invest
INVESTORS who have exposures to top-notch funds in the large and mid-cap space can contemplate allocating a part of their funds to Sundaram Select Midcap Fund. The fund has an impressive track record over the past four years and its portfolio ... More

Kotak Contra: Hold
KOTAK Contra has not delivered the quick gains that investors have now come to expect from new fund offers. In fact, with a sedate 15 per cent return since its debut, the fund's returns pale in comparison to other new funds unveiled at the same ... More

FUND TALK
On tax benefit aspects of ELS funds
QUITE a few readers have written to us asking about the current status of Equity Linked Savings Schemes (called ELS or tax saving funds) managed by fund houses and whether investments made this year are eligible for the tax benefit under Section ... More

PORTFOLIO MOVES
Franklin India Prima Fund
SMALL or mid-sized companies have less probability of being identified by the market. The stocks of such companies with strong fundamentals offer scope for higher growth potential when spotted early. Mid-cap funds aspire to identify and invest in ... More

Fidelity to launch tax-saving fund

STOCK MARKETS

Query corner
What is the outlook for Titan Industries bought at Rs 796 and Reliance Industries at Rs 850? — Kanchan Garg Titan Industries (Rs 777): The share price has seen a sharp run-up in recent months. This has pushed the stock to an ... More

SBI to correct ahead of uptrend
SBI (Rs 893): Except for an upward move on Monday, a bearish trend prevailed in the remaining four days. The short-term trend appears weak and a drop to Rs 875-880 appears likely. The long-term uptrend is likely to resume on the ... More

Critical levels beckon Nifty
Preferred view: The market action was devoid of any trend during the week gone by. Contrary to the expectation of an uptrend, the index was stuck to a trading zone. The inability of the index to move past the crucial resistance ... More

F&O POINTERS
Volatile trend likely in the Nifty
For the week ahead, we expect the Nifty to exhibit volatile trend as sentiment indicators present a mixed picture. More

Focus of the week
SRF (Rs 279): After a sharp uptrend, the stock went into a corrective phase since September 2005. This corrective phase appears to have been completed at the recent low of Rs 228. The subsequent rally can be categorised as the start of ... More

INCOME TAX

Taxing capital gains
IN A case where the long-term capital gains has arisen from sale of shares before October 1, 2004 and where such capital gain is not exempt but is chargeable to tax at 10 per cent computed without the benefit of ... More

RECOMMENDATION

Tata Steel: Buy
TATA Steel's initiatives to move along the inorganic path for growth over the past few months have brightened the long-term prospects for the steel major. The biggest concern now is the steel prices, which have cooled off by about 25-30 per cent ... More

BHEL: Buy
WE REITERATE a buy recommendation on the BHEL stock at Rs 1,400. The stock appears to be on a long bull run backed by substantial opportunity to scale up revenues and earnings. At 28 times the trailing 12-month per share earnings, the stock ... More

Bajaj Hindusthan: Hold
AMBITIOUS capacity expansion has made Bajaj Hindusthan the leading Indian sugar producer within a short time span of two years. The company's business is focussed on sugar and ethanol, setting it apart from other frontline players which diversify ... More

Thomas Cook: Hold
INVESTORS can retain their holdings in the stock of the travel services major, Thomas Cook, which trades at about Rs 615. At this price, the stock trades at a multiple of 30 times its per share earnings for the year-ended October 2005. Though the ... More

Tamil Nadu Newsprint: Buy
EXPOSURE can be considered in Tamil Nadu Newsprint and Papers Ltd (TNPL), as it appears well placed to post robust growth in revenues and earnings over the next year or two on the back of price stability at higher levels and volume growth. There ... More

VisualSoft Technologies: Buy
INVESTORS with a penchant for risk can consider an exposure in the VisualSoft Technologies stock with a medium-term perspective. With the announcement of the stock swap ratio by the VisualSoft board, the stage is set for the merger of AppLabs ... More

Vijaya Bank: Buy
INVESTMENTS in Vijaya Bank can be considered at about Rs 60. The stock's valuation is at a discount to those of several public sector bank stocks. Vijaya Bank is trading at a price to book ratio of about 1.6 times while most other public ... More

IPOS

Lessons from Yes Bank IPO scam
NO SYSTEM is foolproof from someone determined to undermine it. That is perhaps what the manipulation of the allotment process in Yes Bank's Initial Public Offering proves. A combination of factors appear to have led to the scam. It was a ... More

INVESTOR PROTECTION

Bond with caution
DOMESTIC investors should take a cautious view of overseas offerings, as there are several aspects to them that could hurt their interests. Aggressive pricing of an offer just to make the most of the ongoing bull market and not linked to business ... More

Stock Quotes
SE Diary

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