MARKETS
OPEN OFFERS
FCI OEN Connectors: Reject
FIDJI Luxco is making an open offer to acquire 20 per cent stake in FCI OEN Connectors at Rs 405 per share. The offer is pursuant to the acquisition of the connectors business by Fidji Luxco from the Areva Group, ...
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FINANCIAL SERVICES
`I see a big shift to online transactions' — Mr Prasanth Prabhakaran, Sr. Vice-President, kotaksecurities.com
It is our reach that has contributed to the growth numbers. We decided that rather than look at client addition numbers we would specifically target serious investors for our online trading initiative. This has made us quite profitable in this busine ss.
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MUTUAL FUNDS
SEBI GUIDE
Investment avenues
Investments in securities are spread across a wide cross-section of industries and sectors and thus the risk is reduced.
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STOCKS
SEBI wants panel to decide fair value of delisted securities
THE Securities and Exchange Board of India has asked stock exchanges to set up a panel of experts to determine the fair value of shares of companies that may be delisted for non-compliance with the listing agreements. In a circular to stock ...
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STOCK MARKETS
Sensex at 10K: Strength beyond numbers
SENSEX 10,000, Nifty 3000. As the indices crossed these milestones, investors had much to cheer about. For the Sensex, 10,000 has been a long-coveted number. At this level, had you owned the Sensex basket for the ...
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Shocks and surprises: A take on Q3 earnings
Earnings of companies that account for 90 per cent of market capitalisation either equalled or surpassed expectations built into stock prices. Valuation levels are rich. The earnings performance does, however, make a case for staying invested in equi ties.
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Temper optimism with caution
In the short run, the stock market is a voting machine; in the long run, it is a weighing machine. — Benjamin Graham, the legendary US investor, considered the father of security analysis AMONG ...
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Query Corner
Should I hold or exit from NDTV bought at Rs 241? — K.N.R. Narendra Babu NDTV (Rs 214.1): The outlook is bullish and the stock could move to Rs 245-250 shortly. This view would be invalidated on a close below Rs 199. Fresh ...
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Identifying price targets
Based on your recommendation, I purchased Sesa Goa and Gujarat NRE Coke. Though you had mentioned the target price of Rs 1,200-1,250 for Sesa Goa and Rs 112-120 for Gujarat NRE, the probable time period within which it would be achieved is not ...
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Firm undertone in pivotal stocks
SBI (Rs 880): Contrary to the expected bearish trend, the stock ruled firm and closed right at the positive trigger level of Rs 880. The failure to move down and the subsequent rally towards the positive trigger level have negated the ...
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Outlook for Nifty is positive
Preferred view: After having crossed the psychological 3000-point mark in the earlier week, the Nifty managed to consolidate and hold above this level during the week gone by. It is positive to notice that the index managed to hold ...
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Focus of the week
Gateway Distripark (Rs 250.5): After touching a high of Rs 301.5 in mid-November, the stock went into a corrective phase that appears to have been completed at the recent low of Rs 212. The subsequent price action from this low ...
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Sensex stocks outperform Sensex!
IT may seem paradoxical but Sensex stocks have outperformed the Sensex as it moved from 5,000 to 10,000. Take the case of L&T. Adjusted for stock splits, its shares simply went through the roof, from Rs 78.38 on October 8, 1999 when the Sensex ..
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DERIVATIVES MARKETS
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 ...
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EVENTS
Pick a winner stock market contest
FOR the contest held in January 2006, the winner was wrongly reported as Japyee Hotels in last week's edition. The error is regretted. The stock of Quintegra Solutions posted the maximum gain of 103.9 per cent. Its share price rose from Rs ...
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RECOMMENDATION
HDFC Equity: Invest
INVESTMENTS in HDFC Equity can be considered with a considerably long-term perspective. This fund's aggressive strategy is not suitable for an investor with a holding period of less than three years, especially given ...
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Kotak-30: Invest
EXPOSURES may be considered in Kotak-30, as the fund's performance remains impressive and it is showing a higher degree of consistency than a few years ago. The sector and stock preferences appear well positioned to ...
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Reliance Growth: Invest
HAVING scaled new highs, the market is expected to be volatile and a correction is seen as overdue. Investing in funds may be a safer option for those who want to restrict the possible downside risk. A diversified fund ...
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CCL Products: Buy
INVESTORS can consider taking exposure in the CCL Products stock (Rs 465), which trades at about 16 times its trailing 12-month earnings. Commencement of operations at its freeze-dried plant offers potential for revenue and earnings growth. ...
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Grasim: Buy
GRASIM (Rs 1,575) appears to be an attractive investment option in the large-cap space. Investors can buy this stock with a one to two-year perspective. Its cement business appears poised for robust growth, as there is better pricing power across ...
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Moderate expectations
WHAT does Sensex 10000 mean for investing in equities? Though a milestone, it is just a number; investors should treat it as just that and nothing more. We remain bullish on the long-term prospects. At this stage of ...
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South Indian Bank: Invest at cut-off
INVESTMENTS in the seasoned offer of South Indian Bank can be considered. The stock is being offered to the public, and also trades in the secondary market, at a considerable discount to its book value. Among the ...
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Pratibha Industries: Invest at cut-off
A different profile in the infrastructure space, strong order-book, attractive operating margins and a steady growth in revenues provide scope for earnings growth.
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Indo Tech Transformers: Invest
STEADY growth in revenues, imminent benefits from key reforms in the power sector and sound customer base lend optimism to the growth prospects of Indo Tech Transformers. On line are expansion plans that should ramp ...
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Precot Mills: Hold
AT Rs 310, the Precot Mills stock trades at about 11 times its trailing four quarters' per-share earnings. The Coimbatore-based yarn maker has benefited from rock-bottom cotton prices over the past year, as have most of its peers. Prices of ...
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