MARKETS
PRIVATE PLACEMENT
Edelweiss completes Rs 46.6-cr QIP for Spentex
SEBI guidelines a step forward for capital markets: CEO
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DIVIDEND ANNOUNCEMENT
Fund Update
Birla Sun Life Mutual has declared a dividend of 60 per cent under Birla Sun Life Frontline Equity. The record date is August 28. SBI Mutual has declared a dividend of 25 per cent under Magnum Midcap, the record date for which is ...
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MUTUAL FUNDS
Read ULIPs well before investing
A mutual fund offers better advantages in terms of costs, variety in investment style, and exit options. ULIPs, on the other hand, give you the flexibility to shift between various funds within the house, and without a load. Consider ULIPs only with a 10-year horizon and ensure that your insurance needs are adequately taken care of.
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PruICICI Infrastructure Fund: Trims cement, power
PruICICI Infrastructure Fund is a theme-based fund launched in September 2005 with the objective of capital appreciation derived from the growth and development of the infrastructure sector. We take a look at the churn in its portfolio between ...
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Fund Talk
There are now several articles that suggest that sectors such as pharma and banking are expected to outperform, after under-performing in recent years. Technology, FMCG and infrastructure are also expected to do well. What is your opinion on ...
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STOCKS
Mylan close to taking Matrix
Matrix's Indian chief promoter holding talks in US; Mylan meet scheduled for Monday
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STOCK MARKETS
Trader's Corner
We had discussed the scalping style of trading in last week. This week, we turn our attention towards another style of trading called swing trading. As the term denotes, swing trading is done to take advantage of one swing (or move) in the ...
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Query Corner
What is the outlook for Arvind Mills bought at Rs 102 and Praj Ind bought at Rs 190? Piyush Shah Arvind Mills (Rs 61): The price is moving in a sideways range between Rs 52 and Rs 66 since June 2006. The long-term trend ...
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Tech Tools
I am a regular reader of the Sunday edition of Business Line and a small investor and a relatively a new member foraying into the stock market. I am uncomfortable about investing in stocks without adequate technical analysis or ...
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Index Outlook
Indian markets spent the last week in a somnolent state not going anywhere in particular. The Sensex managed to pull off a positive close thanks to some rearguard action by the heavyweights such as Reliance and SBI towards the end of the week. ...
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Nifty, Infosys may turn weak
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Uptrend to sustain in Reliance
It achieved our first target of Rs 1,119 and hit an intra-week high of Rs 1,125 on Friday. The momentum continues to be strong on both the daily and the weekly charts. As long as the price sustains above Rs 1,040, the stock should head ...
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INFOSYS
The stock achieved our first target of Rs 1,800 last Tuesday and then slid downward for the rest of the week. The short-term outlook is negative. But strong support lies at about Rs 1,720. The support beyond Rs 1,720 is at Rs 1,660. A ...
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TATA STEEL
The stock is consolidating in a sideways band between Rs 500 and Rs 540 over the last three weeks. The outlook is neutral this week. The price can continue to be range-bound this week as well. We need a breakout from the aforementioned ...
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SBI
The price reversed on Thursday from an intra-week low of Rs 855 to soar upward to a high of Rs 913.8 on Friday. The breakout on Friday was accompanied by a spurt in volumes, which is a good sign. The price has closed above the immediate ...
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ONGC
The stock saw subdued trading last week as the price moved in a sideways band between Rs 1,170 and Rs 1,220. The price has supports at Rs 1,160 and then at Rs 1,110 this week. Do not initiate fresh long positions if the price falls below Rs ...
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TATA MOTORS
The stock went absolutely nowhere last week. The price eventually closed unchanged from the previous week's close. The stock spent the week consolidating sideways. This is a positive sign as far as the medium-term trend is concerned. However, ...
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FOREIGN INSTITUTIONAL INVESTORS
FII purchase in M&M capped at 35 pc
The RBI has informed that investment by FIIs in M&M would be up to 35 per cent of its paid-up capital, as the company's board of directors has passed a resolution to this effect. FIIs can purchase equity shares and convertible debentures of ...
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REGULATORY BODIES & RULINGS
SEBI slaps fine on Burren Energy, Unocal Bharat
Market regulator SEBI has slapped an adjudication penalty of Rs 25 lakh each on Burren Energy India Ltd (BEIL) and Unocal Bharat Ltd (UBL) on alleged charges of violation of SEBI Acquisition of Shares and Takeovers Regulations. BEIL had ...
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RECOMMENDATION
Hindalco: Buy
Investors may consider buying the Hindalco stock with a one- to two-year perspective. At its current price of Rs 172, the stock is trading at a multiple of about nine times its expected FY07 per-share earnings. Hindalco has come out with a ...
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R Systems: Buy
The relatively nascent growth of the outsourced product development, good client relationships and expertise across verticals are encouraging.
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Hotel Leela Venture: Buy
Attractive valuations, an emerging pan-India presence and strong occupancy and tariff rates would drive Hotel Leela's earning's growth.
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Tata Chemicals: Buy
Tata Chemicals' acquisition of the Brunner Mond Group is expected to pay off with the company having access to a wider spectrum of markets and natural soda ash process.
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Sundaram BNP Paribas Tax Saver: Invest
An investment can be considered in Sundaram BNP Paribas Tax Saver (STS) fund. The fund's three-year return of 53 per cent is better than those delivered by some proven diversified large-cap funds, placing it among the top five tax-saving funds. ...
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HSBC Midcap: Hold
Sticking to its mandate means the fund might be more affected in market downturns than its peers, when mid-caps tend to bear the brunt of the selling pressure.
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Kew Industries: Avoid
The offer carries a high risk element given its small size of operations and stiff competition from the unorganised sector and larger established players
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Deep Industries: Avoid
Investors may refrain from investing in the initial public offering (IPO) by Deep Industries at an offer price of Rs 36 per share. The offer is stiffly priced at 17 times its trailing 2005-06 earnings. While the potential for natural gas ...
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Voltamp Transformers: Invest at cut-off
The order book of Rs 250 crore is likely to be converted to revenues in the next 3-4 months and is a reflection of the growing demand for power equipment.
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OUTLOOK
Market View
The revival of global investor interest in emerging market stocks is led by the BRIC economies — Brazil, Russia, India and China. Emerging Portfolio Fund Research reports that 25 per cent of all emerging market fund flows ...
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