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Monday, Mar 13, 2006


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We fortify in paper and in figures

Jogin sat sprucing up his CV ever since he read about Barclays Capital's record offer to an IIMB-ian, while Dakshinamoorthy dusted off his books on global financial risk management. And Sridevi was fishing the Net to know more about `Smart Redirection Attack', a new phishing technique! Khan brought them all around for the market talk, messaging, `Chat-eau!'

Kay: Hi, everybody! Chart patterns suggest some upside!

Jog: Though key resistance level beckons.

Sri: Sensex and Nifty moving up unrelentingly...

Dax: No stops on the upward curve!

Sri: `More than my dancing soul doth celebrate,' as in King Richard II.

Jog: Inflows are the key drivers. Nothing else.

Kay: Okay, what about last week? Anybody has the numbers?

Dax: Me! Educomp Soln was up more than 6 per cent on March 6. Century Ply earned about 5 per cent last Monday, while NTPC made a gain of 4 per cent. Hotel Leela and Reliance achieved a profit of more than 2 per cent on day 1 of last week, while Sterlite Ind and Vimta Labs earned more than 1 per cent. Century Text, Apollo Hosp, Indraprasth and L&T ended March 6 on a positive note.

Sri: In commodities, gold lost almost Rs 300 in the last four days!

Jog: Due to its roll down in the Asian trade. May fall further.

Kay: Don't be in a hurry to buy the metal now.

Sri: `In gold clasps locks in the golden story,' is from Romeo and Juliet!

Dax: Technology shares are going great guns.

Kay: Value investing in specific software companies can help.

Sri: Banks are expected to perform better due to consistent growth in the economy.

Jog: Many stocks are still unlocked in their values despite the recent run-up.

Dax: Power stocks will have a good future! JMO

Kay: Investments in them for longer term will fetch nice returns.

Sri: Reliance Communication Ventures may show gain...

Jog: As the merger process has been initiated?

Dax: Expectations of stock split likely to rev up SBI.

Sri: Expect Siemens and ABB to consolidate on gain.

Dax: Siemens stock split is also imminent.

Kay: CAS news may drive TVS Electronics, TV 18 and Balaji Tele.

Jog: Merger expectations may keep ACC firm.

Sri: Watching Tata Tea. It was hammered down to almost Rs 900 a few days ago.

Kay: From here to Rs 1,000 or beyond? No clear answers...

Dax: What about Bilt? The leading paper company is inching up on the bourses.

Jog: Not a sharp mover, though, unlike a few other nimble-footed paper stocks.

Sri: But will paper actually become the next sugar?

Dax: `We fortify in paper and in figures,' as in King Henry IV.

Kay: Morgan Stanley has very quietly reached Rs 40.

Jog: A trailblazer of sorts, it was at Rs 30-32 not long ago!

Kay: Good going for this listed 15-year fund.

Sri: A few years are still left before redemption.

Kay: Will the fund turn open-end after the 15-year period?

Jog: Happy Holi, everybody! Take care.

Lee, with inputs from Nat, Mad, Nil, The and Sve.

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