The Hindu Business Line : Sunday, May 14, 2006

Birla Sun Life Equity: Software, auto pruned
Birla Sun Life Equity Fund's assets rose marginally during the quarter ended March 2006. The top ten stocks in the portfolio account for about 45 per cent of the total assets. About 11 per cent was held in cash. During the January-March ... More

Market Outlook
Markets have been witnessing very high volatility in recent times. Market movements indicate some kind of confusion in the minds of investors. On one side, both domestic and overseas investors seem to be sitting on good ... More

Fund Talk
I am a 45-year-old bank employee. I started investing in mutual fundss from October 2005 with a long-term horizon — five years and above — and a moderate appetite for risk. I have invested in the following funds: Franklin Smaller ... More

STOCKS

Corporate earnings review — Growth juggernaut rolls on
The emerging picture from the results indicate that a number of sectors have been buoyed by impressive volume growth. More

Suzlon, Siemens replace SCI, Tata Chem in Nifty
Suzlon Energy Ltd and Siemens Ltd have been included in the NSE's 50-share index S&P CNX Nifty index. The two companies will replace Shipping Corporation of India Ltd and Tata Chemicals. The changes will beeffective from June 26, said India ... More

Baskets of X
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BullsEye
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Visaka Ind, Shakti share exchange ratio
The board of directors of Visaka Industries Ltd at its meeting held on Saturday adopted the report of the valuer for the amalgamation of Shakti Roofings Pvt Ltd with the company. In terms of the valuation, the board has fixed the ... More

STOCK MARKETS

Index Outlook
A bullish trend prevailed in the early part of the week and the index moved past the target zone of 3720-3730 that was mentioned last week. After touching a high of 3774, the trend turned bearish in the last couple of trading sessions. Though ... More

National Aluminium
The uptrend in the price of aluminium in the international markets has had a positive impact on the stock. The share price has been in a major uptrend in the recent months and this trend does not appear complete. A move towards the ... More

IVRCL Infrastructure
The price action was not in line with expectations. The recent price pattern has not, however, negated the positive view. The stock appears on course to move to the target zone of Rs 375-380. As observed last week, the long-term ... More

Query corner
What is the outlook for Himachal Futuristic bought at Rs.39 and HMT at Rs.103? — B.R.Priyanka, Vardhan Himachal Futuristic (Rs 40.5): The stock is in an uptrend and could move to the immediate target zone at Rs 52-55. The ... More

SBI
A positive trend prevailed and the stock moved to the target zone of Rs 990-1000. After touching a high of Rs 1009, the trend turned bearish on Thursday. The long -term trend remains bullish and a move to Rs 1250-1300 appears likely. We, however, ... More

Reliance
After moving to a high of Rs 1195, the trend turned weak in the last couple of trading sessions. The short-term outlook appears weak and the share price could test the support zone at Rs 960-970. Remain invested with a stop-loss at Rs 1020. ... More

Tata Steel
A close below Rs 628 would impart weakness and the share price could slide to Rs 580-590. Remain invested with a stop-loss at Rs 603. Fresh exposures may be considered on weakness, with a stop-loss at Rs 580. As observed in earlier ... More

Satyam
A drop to the support level at Rs 715-720 appears likely. A close below Rs 710 would push the stock to Rs 675-680. Hold with a stop-loss at Rs 750. Investors willing to take risk may consider short positions at Rs 775-785, with a stop-loss ... More

Strategy
I request you to throw some light on the concept of stop loss. How does one decide about it and also explain the term trailing stop loss. — Kinni Stop-loss is a mechanism through which you minimise the loss in the event of the ... More

Infosys
The share price was confined to a narrow trading range during the week. The stock faces resistance at Rs 3320-3350 and support at Rs 3140-3150. A conclusive breach of either of these levels would impart a strong move in the direction of the ... More

Trading tips
Never try to fight a trend by taking positions against the prevailing trend. Though it may be always tempting to buy a stock that is falling with an intention to lower the average cost of acquisition, such a practice should be ... More

DERIVATIVES MARKETS

Negative outlook for ACC
Last week we expected a narrow range for Nifty between 3550 and 3700 points; but it was volatile as it touched a high of 3774 and a low of 3634 before settling at 3650.5 points. Follow up We advised 3 strategies - first being to go ... More

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 at ... More

FOREIGN INSTITUTIONAL INVESTORS

Aeneas Portfolio buys stake in Greenply
Greenply Industries Ltd, an interior infrastructure company, has said Aeneas Portfolio Company LP, has acquired a 13.81 per cent stake in the company, with an investment of Rs 26.76 crore. The Greenply board approved private ... More

RECOMMENDATION

Finolex Cables: Buy
Improved capacity utilisation, presence in high-margin business and strong financials add visibility to the earnings growth of Finolex Cables. At the current market price, the stock trades at 16 times its expected earnings for FY07. Investors can ... More

Deccan Aviation — Flying high at low cost
The initial public offering of Deccan Aviation, operating Air Deccan, is appropriate only for investors with a penchant for risk and a medium-term investment horizon. This low-cost, no-frills passenger airline is offering shares in the Rs 150-175 ... More

Franklin Prima: Hold
As the portfolio stocks trade at lower valuations within the mid-cap space, the risk of downside is less than in other mid-cap funds. The fund is thus suitable for conservative investors who want mid-cap exposure. More

The turbulences
While the strengths and opportunities of the Deccan aviation offer are encouraging, investors will have to keep track of the following risk factors: Possibility of price wars The growth of the low-cost carrier ... More

PTC India: Hold
The company is well-placed to exploit short- and long-term demand-supply mismatches for trading opportunities. More

Bajaj Auto: Buy
The success of the Discover and the Pulsar have resulted in an improvement in the product mix in favour of higher value products. More

UTI Mid Cap: Hold
Unitholders can retain their investments in UTI Mid Cap, in light of its focussed portfolio and good performance. Since its inception, it has returned 63 per cent, outpacing the CNX Midcap index by 17 percentage points. An investment in a ... More

Goa Carbon: Avoid
Despite rising demand for calcined petroleum coke, the fluctuating raw material costs and high debt burden post merger of its subsidiary could enhance pressure on profitability. More

Sintex Industries: Buy
The commencement of production at Sintex's new facilities is likely to result in double-digit revenue growth for its plastics division. More

IPOS

DLF's mega foray
Rarely does the filing of a draft prospectus with the regulator create a flutter among corporate circles. This, however, is no ordinary filing. The Kushal Pal Singh-promoted DLF Universal's plans to mobilise over Rs 11,000 crore from the primary ... More

SVP Industries plans capital market foray
Liquor company SVP Industries is planning an entry into the capital markets. According to the company officials, SVP Industries has filed draft prospectus with the Securities and Exchange Board of India for an initial public offer to raise around ... More

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