MARKETS
MUTUAL FUNDS
PruICICI Discovery: Hold
Investors should stay with the fund over a long period to reap the benefits of value investing.
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Fund Talk
I have SIPs in four top-performing HDFC funds — HDFC Equity, HDFC Long Term Advantage, HDFC TaxSaver and HDFC Prudence. Recently they have started charging entry loads even for SIPs. Though I am continuing with them for the time being, I ...
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DBS Chola Midcap — Building on construction
The roller-coaster ride over the quarter ended June saw a number of mutual funds reshuffle their portfolios. Even as the bellwether indices declined, mid-cap stocks were more conspicuous than ever for the sharp slide witnessed. We take a look at ...
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HDFC Growth: Hold
Investors in HDFC Growth can stay invested. The fund was doing well in early 2006 just before the broad market decline. The recent correction, however, has again hit the performance. HDFC Growth's portfolio, however, inspires confidence that may ...
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Update
Tata Mutual has launched a three-year close-ended fund — Tata Capital Builder Fund. The fund will be converted to an open-ended scheme after completion of three years. The scheme aims at capital appreciation by investing mainly in ...
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STOCK MARKETS
Trader's Corner
At any given point in time, there is always a story in the stock market that is cited to be a sure-shot winner, mutli-bagger, jackpot or whatever else it may be called. It can be Internet stocks one day, retail stocks the next, realty stocks the ...
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Query Corner
MRO-TEK (Rs 61): The price of MRO-TEK has recovered smartly since the low of Rs 49 made on June 13. The price is currently in a medium term uptrend. There is a possibility of a breakout to Rs 72 or Rs 75 in the short- term. The ...
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Index Outlook
Markets took one step backward last week. The Sensex recorded a loss of 5.5 per cent and closed the week at 10085.91, just above the psychological support of 10000. It was liquidity that turned unfavourable and eclipsed the strong first quarter ...
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Tech Tools
I am pursuing technical analysis but I am very confused about the tools that are used in technical analysis. Can you please tell me which technical tools are there with which I can learn to understand the know-how of technical analysis. Please ...
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Crucial support for Reliance
The price of RIL hit an inter-week high of Rs 1,068 on Monday and weakened thereafter touched a low of Rs 955. The fall last week was accompanied by increase in volumes. We have a medium-term reversal in the chart of RIL now. The next support is ...
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SBI
The price of SBI weakened in the first half of last week. But price has bounced off important long-term support of Rs 684. Both volume and momentum continue to be weak on this chart. The price is moving in a downward moving channel in the daily ...
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Tata Steel
The downward move intensified in Tata Steel last week but the price took support at the 200 day EMA positioned at Rs 470. An intermediate term down trend is fairly well established in the chart of Tata Steel. Price is expected to move lower ...
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Infosys
The price of Infosys touched an inter week high of Rs 1,699 on Thursday but closed the week on a negative note at Rs 1,608. As mentioned last week, there is short-term support at Rs 1,580. The price has halted here. If this support holds, we ...
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ACC
The price action in ACC was seen to be contracting last week. The price took support at the 50 day EMA positioned at Rs 796. But the momentum and the volumes suggest lack of strength at current levels. A breakout above Rs 835 is required to ...
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Tata Motors
The chart of Tata Motors weakened considerably last week as it fell way below its 200 day EMA and went on to test its June 2006 low. The price needs to rally above Rs 736 to restore stability and to take the price to Rs 757 or Rs 788. ...
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DERIVATIVES MARKETS
Weak trend in Nifty
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RECOMMENDATION
Kirloskar Brothers: Buy
Investors can consider taking fresh exposures in Kirloskar Brothers at Rs 296 on the back of solid performance for the first quarter ended June 2006. Improving margins, impressive order book, increased Government spending on irrigation and water ...
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Goldstone Technologies: Reject
Shareholders of Goldstone Technologies can reject the open offer being made by the acquirer, Goldstone Exports, at Rs 24.01. This open offer by Goldstone Exports for 20 per cent equity stake in Goldstone Technologies follows the preferential ...
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Dabur India: Hold
A revival in traditional spending categories could mean that Dabur would be more resilient to a slowdown now.
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Satyam Computers: Hold
Despite a strong first quarter and an upward revision in guidance, sluggish growth in revenues from the top five clients and sequential drop in per-share earnings make this stock a hold.
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Info Drive Software: Accept
Shareholders of Info Drive Software can tender to the open offer being made at Rs 7 by Bhari Information Technology Systems (Bitech) and Mr V. N. Seshagiri Rao. The open offer to acquire an additional 20 per cent equity stake follows a change ...
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HBL Nife Power Systems: Invest
The company has a comfortable debt-equity ratio and interest coverage. Given the many opportunities in core applications such as telecom and power, the company has reasonable growth prospects.
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Maharashtra Seamless: Buy
Robust earnings momentum, buoyant demand, widening client base and attractive valuations make the stock attractive.
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Upper Ganges Sugar: Avoid
While the prospects for Upper Ganges are bright on the ethanol front, falling global sugar prices are a concern.
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OUTLOOK
June quarter jingle: A positive bell
Initial results: Profit margins remain unchanged on a year-on-year basis
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Market View
It's tempting to believe that despite all the violence in May and June, little has changed to disturb the long-term up trend in emerging markets such as India. After all, the end of any major bull market is typically marked by far greater ...
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