MARKETS
INVESTMENTS
Fund Talk
By reverse mortgaging my residence, valued at Rs 2 crore, I want to get Rs 20,000 per month for ten years from now, of which I will invest Rs15,000 or Rs 16,000 a month in funds (SIP route) such as HDFC TaxSaver, SBI Magnum Taxgain, Sundaram ...
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MUTUAL FUNDS
Debt funds that help you take the plunge
With fixed maturity plans now positioned to attract retail investors too, funds have also lined up a slew of capital protection products, which they hope will succeed in drawing the conformist investor.
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PruICICI Dynamic Plan — Stronger on petro, power
PruICICI Dynamic Plan is an open-ended scheme with a rare mandate to invest 100 per cent of its funds either in equity or in debt. The strategy to invest will be based solely on the discretion of the fund manager without any prior information to ...
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Update
HDFC Mutual Fund has advanced the closure of the new fund offer of HDFC FMP 13M September 2006 (1) by seven days. The fund now closes on September 27 instead of October 4. As there are no significant distribution or marketing ...
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STOCKS
Partner for Sun Pharma's de-merged entity ruled out
The de-merger of Sun Pharma's `innovative research division' will happen within a couple of months. The Chairman and Managing Director of the company, Mr Dilip Shanghvi, today ruled out any joint venture partner or private equity investor. At a ...
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New policy for road contracts
The delay in awarding contracts for road projects under the public-private partnership (PPP) model following the Government's decision to introduce new rules for such contracts may further dampen market sentiment in construction stocks. Companies ...
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STOCK MARKETS
Index Outlook
Indian markets are in an indefatigable mood. Though the Sensex grappled with the psychological resistance at 12000 in the first half of the week, it went on to end the week with a gain of 1.8 per cent. A parallel can be drawn between the rise ...
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Query corner
Please let me know the short- and long-term prospects for Voltas. Keshav Voltas (Rs 111.1): The stock slipped from a high of Rs 111 in May to touch a low of Rs 63.5 in July. The price is once more nudging this May high. ...
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Reliance
This stock moved in line with our expectation, consolidating in a narrow band between Rs 1,150 and Rs 1,100 last week. There was an improvement in the volumes towards the later part of last week. The oscillators in the daily chart, too, are ...
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SBI
The stock hit a high of Rs 999.8 on Monday before weakening slightly to an intra-week low of Rs 965. We have the first red candle on the weekly chart since its July low of Rs 684. This stock is losing momentum in the short term. But, the ...
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Tata Steel
The stock is testing everyone's patience by religiously sticking to its trading range between Rs 540 and Rs 500. It stepped briefly out of this range in the early part of last week to hit a low of Rs 485 before recovering. The stock has ...
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Infosys
The stock did not get past the resistance at Rs 1,850 last week. Nor did it weaken as per our expectation. It is consolidating in a sideways band, which looks bullish from a short-term perspective. The short-term targets on the upside are Rs ...
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ACC
The uptrend continues unabated; the price moved past our first target of Rs 974 to hit a weekly high of Rs 982. The short-term outlook is still positive and the price can move towards our next target of Rs 1,002 and then Rs 1,020. Traders can ...
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ONGC
The stock stayed in the sideways band between Rs 1,150 and Rs 1,250 for yet another week. It is always difficult to determine if a sideways move in a chart is a consolidation or a terminal distribution pattern. Lack of volumes and sell signals ...
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Trader's corner
For a day trader, each trading day is war. But this is a war that a trader wages with himself. Just as a general with a detailed plan of action eventually wins the war, the more the preparation that is put in prior to the commencement of the ...
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Tech Tools
I am a regular reader of your articles on technical analysis. I have read books on market momentum, candlesticks and others but I still feel that something is missing in full study. I use various indicators like RSI, ADX, Parabolic SAR, and ...
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DERIVATIVES MARKETS
Nifty in volatile zone
Negative outlook for Tata Motors
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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 ...
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FOREIGN INSTITUTIONAL INVESTORS
Participatory Notes to stay for now
In the current year I am committed to reducing the fiscal deficit by 0.3 per cent and the revenue deficit by 0.5 per cent and we will stick to that target. MR P. CHIDAMBARAM, FINANCE MINISTER
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RECOMMENDATION
BASF India: Buy
Investors can consider taking exposures in the stock of BASF India, which trades at about 12 times its expected FY07 earnings. Volume growth of consumer durables, expansion in the textile sector and the Government's thrust on agriculture would ...
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Hindustan Oil Exploration: Invest
HOEC needs to add to its reserves substantially for the stock to graduate to the next level.
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Minar International: Avoid
Higher value-addition could lead to superior profitability and earnings growth. The company, however, lacks experience in running a fully integrated unit. The expansion costs could put a strain on earnings growth.
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JHS Svendgaard Laboratories : Invest at cut-off
JHS is set to gain from contract manufacturing orders from retailers, who are increasing the shelf space allocated to their own brands or private labels.
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UTI Mahila Unit Scheme: Invest
Despite its conservative allocation to equity, the fund has outperformed its peers by a considerable margin.
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FIEM Industries: Avoid
FIEM's client concentration and stiff pricing compel us to adopt a cautious view on its initial public offering
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Gayatri Projects: Invest
The valuations are comparable to that of its listed peers and, hence, may not command substantial listing premium.
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HSBC Equity Fund: Hold
Unitholders can retain their investments in HSBC Equity Fund, which has just managed to beat the diversified funds average by a percentage point for the past year. Even better, its three-year return is higher than the benchmark BSE-200 by six ...
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Zensar Technologies: Buy
Robust growth prospects, broad-based revenue stream, long-standing customer relationships, and good client wins in recent months are positives
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OUTLOOK
Market View
Although the Sensex has recovered a large part of the fall, the broader market has not recovered to a similar extent. The markets are trading at reasonable valuations and returns are likely to trail earnings growth over the medium ...
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