The Hindu Business Line : Sunday, February 05, 2006

BIRLA Mutual Fund has launched Birla Infrastructure Fund. This diversified equity scheme plans to invest in equities of companies participating in the growth and development of infrastructure in India. The new fund offer (NFO) will be ... More

MUTUAL FUNDS

Birla Sun Life MF bullish on financial planners
WITH a sustained rise in the surplus income of young Indians and also growing number of high networth individuals, Birla Sun Life Mutual Fund expects financial planners to dominate the mutual fund market in the coming years. The company's ... More

STOCK MARKETS

Near-term outlook turns weak for Nifty
Preferred view: The week that passed by was a watershed as far as Nifty is concerned. The index moved past the psychological 3000-point mark during the week. It closed above it on Tuesday and could not hold on above this level on ... More

Nifty may drift
LAST week we had indicated that a mixed outlook may be in store for the Nifty. We had indicated that the Nifty (spot) might go up to touch 3010-3015 points on the positive side and to 2865-75 on the downward side. In line with our expectation, ... More

Query Corner
I bought Hindustan Construction recently. Please let me know if it is advisable to hold the stock or switch to Larsen and Tourbo from a one-year holding perspective. — Samir Das. Hindustan Construction (Rs 152): The ... More

Pricey confluence
As a beginner in Technical Analysis, I believe that it should be a confluence of pattern, and not just one particular indication that should be used to draw inference about the trends. There are a variety of tools such as moving averages, RSI, ... More

Focus of the week
Aurobindo Pharma (Rs 566): Elliott Wave works like a charm in this stock. An Elliott Wave enthusiast need not look beyond this stock for an understanding the basics of the theory. The stock completed a major Wave 1 at Rs 425 in January ... More

Infosys, Satyam chart divergent patterns
Infosys (Rs 2,788): A bearish trend prevailed and the stock moved closer to its support zone at Rs 2,750-2,760. A close below Rs 2,750 would result in a drop to Rs 2,700-2,705. The medium-term trend would turn bearish on a close below ... More

LIC books Rs 4,000-cr profit from capital markets
LIFE Insurance Corporation of India has booked a profit of about Rs 4,000 crore as investment income, from the debt and equity market as on January 31, Mr A.K. Shukla, Chairman, told newspersons here on Saturday. The corporation has set a profit ... More

REGULATORY BODIES & RULINGS

`IT, corporate governance vital for vibrant economy'
INFORMATION technology and corporate governance need to go hand-in-hand for the growth of stock market and a vibrant Indian economy. IT plays an important role in strengthening corporate governance, according to Mr S.C. Das, Executive Director, ... More

RECOMMENDATION

Chettinad Cement: Buy
EXPOSURES may be considered in Chettinad Cement Corporation (Rs 263), as it appears to hold potential to provide gains linked to fundamentals; it is also a potential participant in the consolidation process over the long term. Higher cement ... More

Wipro: Hold
SHAREHOLDERS can retain their exposures in the Wipro stock. At the current price levels, it is richly valued and fresh exposures can be considered on weakness linked to the broad markets. The stock has run-up by about 12 per cent since the start ... More

Hotels: Venture and gain
Asian Hotels: Buy
Hotel Leelaventure: Buy
Oriental Hotels: Buy
More

Sundaram India Leadership: Hold
UNITHOLDERS can retain Sundaram India Leadership Fund. Its performance has been impressive since its launch in July 2004 and, over the past year, it has delivered a return of about 75 per cent, beating the benchmark Sensex by about 25 percentage ... More

Hindustan Zinc: Buy
FIRM prices coupled with volume growth and cost savings from its newly added capacities make the Hindustan Zinc stock attractive. In addition, the earnings growth along with strong operational and financial contours ... More

Reliance Banking: Invest
INVESTMENTS can be considered in Reliance Banking. The valuation of a number of public sector bank stocks and old private sector bank stocks appear attractive. Besides, a number of non-banking financial service companies are also poised to ... More

TVS Motor: Buy
LONG-TERM investors may consider equity investment in TVS Motor at prevailing levels. After a slowdown in motorcycle sales volume, the success of new model launches has helped the company log increased sales volume in ... More

Telephoto Entertainments: Reject
SHAREHOLDERS of Telephoto Entertainments can reject the open offer, as there is a possibility that the company's operations under the new promoter group could deliver value. The open offer is priced at Rs 19 per share. The stock has, over the ... More

Sadbhav Engineering: Invest at cut-off
INVESTORS with a long-term investment horizon can consider subscribing to the initial public offer of Sadbhav Engineering. At the price band of Rs 165-185, the price-earnings ratio works out to 9-10 times the expected FY-07 earnings on a post ... More

Sakuma Exports: Avoid
INVESTORS can avoid subscribing to the initial public offer from Sakuma Exports. The structuring of the offermay leave scope for gains at a later date, on the conversion of warrants. But the stock is not a desirable addition to the portfolio. ... More

IPOS

Sree Sakthi Paper public issue gets good response
THE investor community has extended an overwhelming response to the public issue of Sree Sakthi Paper Mills Ltd, the flagship company of Kerala-based Sree Kailas Group. A press release said the shares were bought in large numbers by NRIs, ... More

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