The Hindu Business Line : Sunday, May 07, 2006

Update
UTI Mutual Fund has renamed UTI Basic Industries Fund as UTI Infrastructure Fund with effect from May 3. All the other terms and features of the scheme will remain unchanged. The name has been changed to effectively convey the objective of ... More

Fund Talk
I started investing in April 2005 and till date I have invested Rs 2.5 lakh in mutual funds. I have invested in Franklin Flexicap, Franklin Prima, Franklin Prima Plus, Fidelity Tax Advantage, Templeton Equity Income Plan, HDFC Prudence, HDFC ... More

PORTFOLIO MOVES
PruICICI Power: Bank, auto stocks pruned
Between December 2005 and March 2006, PruICICI Power's assets under management grew 45 per cent to Rs 1,090 crore. The top five stocks in the portfolio accounted for 25 per cent of the total assets. During this period the fund pruned its ... More

GENERAL INSURANCE

Insurance claims by stock traders up
Punching errors on the rise More

STOCK MARKETS

Index Outlook
The price action was in line with expectations. A bullish trend prevailed and the index managed to move past the initial target zone at 3620-3630. As observed last week, the Nifty now appears to be headed towards the next target zone of ... More

Mixed outlook for Nifty
More

Follow-up
After a firm trend in the early part of the week, the stock turned weak in the last couple of days. After touching a high of Rs 1607, the stock turned weak on Wednesday. The price action during the week has not negated the long - term ... More

Query corner
I am a long-term investor holding Kalpataru Power bought at Rs 939. Please suggest stop-loss and the outlook for this stock. — C. Damodaran Kalpataru Power (Rs 851): The short-term outlook does not appear bullish. The stock ... More

Strategy
I want to know the prospects of Unitech. I bought it a month ago at Rs 3000. I want to know what is so special with this particular stock that it keeps hitting the circuit breaker of 5 per cent almost on all trading sessions. — Sameer ... More

SBI may seek higher levels
The long-term outlook is positive and a move to Rs 1250-1300 appears likely. Investors willing to play the waiting game may consider exposure in the stock. The long-term positive outlook would be negated on a close below Rs 850. Remain invested ... More

Chart Focus
The stock has been one of the top performers at the market in the recent years The long-term uptrend is not over as yet and the stock could move to Rs 375-380 in the near-term. The positive outlook would be in force as long as the support ... More

Reliance
Both the short- and longterm outlook remains bullish. The share price appears on course to move to the target zone at Rs 1150-1200. Investors with a long-term perspective may find opportunities to exit at Rs 1350-1400. Investors may hold with a ... More

Satyam
The long-term outlook would remain positive as long as the stock holds above the crucial support level at Rs 710-720. Fresh exposures may be considered on weakness, with the same stop-loss. Use a trailing stop-loss in the event of a move past ... More

Tata Steel
As observed last week, the stock is in a major uptrend and appears to be headed towards the long-term target of Rs 800-825. The short-term outlook, however, appears weak. A drop to Rs 600-605 appears likely. Investors may use price weakness to ... More

Infosys
Similar to quite a few index heavyweights, the long-term outlook for this stock, too, appears bullish. A move to Rs 3600-3700 appears likely. The long-term positive outlook would be negated on a weekly close below Rs 2900. Long-term ... More

Trading tips
THOUGH IT may always be tempting to buy a stock that is falling with an intention to lower the average cost of acquisition, such a practice should be avoided. This will be tantamount to throwing good money after bad. ALWAYS HAVE a stop-loss ... More

Pick a winner stock contest
For the contest held during April 2006, the stock of Khaitan Electricals posted the maximum gain of 140.9 per cent. Its share price rose from Rs 57.1 to Rs 137.5. Out of 1,021 entries received, there were 17 winners including multiple entries. ... More

RECOMMENDATION

Havell's India: Buy
Havell's India is expected to be a major beneficiary of the ongoing housing boom and substantial investments to be made in the power distribution sector over the next few years. It is one of the prominent players in the consumer electrical and ... More

Godrej Consumer: Buy
Godrej plans to use the inorganic route to build portfolio width and expand its presence globally. More

Chola Opportunities: Book profits
Despite being a diversified fund with a strategy to invest in high growth sectors, Chola Opportunities has not, so far, cashed in on the current market boom. More

NTPC: Buy
NTPC's high operating efficiency and strong balance-sheet will be a major asset when it joins competitive bidding for future projects. More

Carborundum Universal: Buy
Strengthening its presence in the premium segment will give it a competitive edge in niche markets and improve margins. More

ABC Bearings: Buy
The restructuring exercise undertaken by the company together with the improved performance and encouraging growth prospects make ABC Bearings a long-term portfolio candidate. Investors with a long-term perspective may take an exposure in this ... More

Reliance Vision: Invest
Overweight stance in software and cement could explain how it beat the benchmark. More

Patel Engineering: Invest at cut-off
Riding on its experience in constructing tunnels and pumphouses for hydropower projects, Patel has also strengthened its position in the irrigation sector. More

Excel Crop Care: Buy
The Government's thrust on agriculture and higher acreage for cotton cultivation augur well for growth prospects in the pesticides industry. More

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