MARKETS
INVESTMENTS
Investment Nuggets
No one can ignore the sage advice from the Oracle of Omaha, Warren Buffett, widely considered as the greatest value investor around. The investment philosophy of Berkshire Hathaway run by him is: "We select our marketable equity ...
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INSIGHT
Sizzling services send Sensex soaring
Four months to the date after the Sensex dived to sub-9,000 levels, the bellwether gauge is back to dizzy heights closing at a historical high of 12,736 points on Friday and the markets are abuzz once again. Yet, unlike when the Sensex last ...
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MUTUAL FUNDS
Fund Talk
Should one choose dividend option of a scheme or growth option under the systematic investment plan? Does it make sense to buy units of a scheme whose NAV is very high rather than purchasing units of the same scheme whose dividend option NAV ...
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Magnum MultiCap: Churn in several sectors
Magnum MultiCap was one of the few funds launched when mid-caps were in vogue last year, with the objective of investing across different market-cap ranges. There is, however, a ceiling on asset allocation to mid- and small-caps, at 40 per cent ...
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Sundaram BNP product gets AAA (so)
Crisil has given AAA (so) rating to `Suraksha', a capital protection oriented product from Sundaram BNP Paribas Mutual. The schemes Suraksha - Series I (Three Year Plan) and Series I (Five Year Plan) have been rated. The ratings indicate ...
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Update
HDFC Mutual Fund, in compliance with the SEBI circular, announced uniform cut-off timings for applicability of NAV with effect from tomorrow for the following funds: HDFC Equity, HDFC Growth, HDFC Top 200, HDFC Capital Builder, HDFC Core & ...
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STOCKS
Paramount to mull stock split
Paramount Communications Ltd has informed the BSE that a meeting of the board of directors will be held on October 20, inter alia, to consider the following: 1. The unaudited financial results for the quarter and half year ended ...
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STOCK MARKETS
`Pricey' Indian markets still draw FII inflows
Strong market, corporate showing neutralises the expensive tag
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Market trajectory pointing upwards
The current market high tells us that this is going to be a far more powerful bull market than we have imagined. — MR RAKESH JHUNJHUNWALA, HIGH-PROFILE INVESTOR
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Trader's Corner
"Never forget your stop loss" is a refrain that all the traders hear right from day one. But it is like one of the lessons that one learns in kindergarten about not keeping your elbow on the table and not talking while eating. Everyone knows it ...
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Query Corner
I have bought Titan at Rs 850 and Gammon India at Rs 380. Should I hold it or sell it? How long can I hold? I am a medium term investor. Prema Manoharan Titan Industries (Rs 791.5): This stock has gained 77 per cent from ...
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Reliance
The stock moved in line with our expectation last week, moving in a range between Rs 1,190 and Rs 1,140. The intra week low for Reliance was Rs 1,138. The 10-day ROC has moved in to the positive territory after dipping below zero for a brief ...
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SBI
This scrip was an under-performer last week. The price seems to be consolidating in the band between Rs 995 and Rs 1,045. A breakout above Rs 1,045 is required to take the price towards our next target of Rs 1,061 and then Rs 1,088. The momentum ...
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Tata Steel
This stock reversed from a high of Rs 535 on Monday. But our support of Rs 505 held. Tata Steel is making a triangle since June 7 as is evident from the narrowing action in the chart. This triangle is being formed in the area between 50-day and ...
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Infosys Technologies
Infosys outdid the technical targets of the most optimistic amongst us. It flared past our weekly target of Rs 1,940 after the results, hitting a high of Rs 2,099.9. Momentum oscillators in both the daily and weekly chart are very bullish. Volume ...
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ACC
This stock tested our weekly support of Rs 960 before bouncing up last week. The resistance at Rs 1,000 has not been overcome convincingly yet. Fresh buy signals are being generated by the oscillators in the daily chart though there are signs of ...
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ONGC
ONGC hit an intra-week low of Rs 1,092.3 before garnering some strength towards the end of last week. The medium-term outlook for ONGC has turned negative. The 14-week RSI has moved below 50 and 10-week ROC is below 0. Any upward movement in this ...
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RECOMMENDATION
Infosys Technologies: Buy
Investors with an appetite for risk may consider an exposure in small lots in the Infosys Technologies stock. The stock is trading at a multiple of 31 times its projected FY07 per-share earnings and 25 times its likely FY08 earnings (assuming a ...
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Hexaware Technologies: Buy
Healthy client additions and robust performance lend confidence to the stock, but high client concentration and unexpected slowdown in PeopleSoft revenues remain key risks.
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Television Eighteen: Buy
The implementation of the conditional access system and the emerging distribution platforms are likely to scale up contribution from subscription revenues. However, a buoyant trend in advertising remains a critical revenue driver in the medium term.
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D. S. Kulkarni Developers: Buy
Increasing presence of IT/ITES companies in Tier II markets is likely to create robust demand for housing in such cities.
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Zenith Birla (India): Avoid
Competition from entrenched players, stiff pricing and building up an established customer base in oil and auto sector makes this offer relatively unattractive.
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Nilkamal Plastics: Hold
Though revenue growth prospects are bright, stretched valuation is a dampener.
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Abbott India: Hold
Though Abbott's financial performance has been sedate, the buyback announced should cushion downside risks to the stock.
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Kotak Flexi Debt: Invest
As the fund manages interest rate-risks through dynamic asset allocation, it suits the profile of a conservative investor.
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DSPML Equity Fund: Hold
Unitholders in DSPML Equity Fund can retain their investments. The fund generated an identical return of 49 per cent for both the three- and five-year periods. It performance is similar to such peers as Franklin India Bluechip and DSPML ...
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OUTLOOK
Market View
The flow of numbers from the economy points to another robust earnings card for India Inc for the July-September quarter. The sharp rise in stock prices since July has, however, captured the likely momentum in earnings and the ...
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Nifty may peak, but caution advised
Sterlite at crucial level
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Index Outlook
The Sensex has finally done it, recording a new all-time high, making the May high of 12671 just another number in history. It has been a gritty climb from the morass of the May crash, gaining an incredible 45 per cent in 90 sessions. But, the ...
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