MARKETS
FINANCIAL SERVICES
Get a better grip of your trading account
The first, and perhaps one of the important, step in investing is selecting a broker. We had discussed about the importance of choosing a good broker last week. As we take this forward, we list out a few more nuggets that would throw light on ...
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INVESTMENTS
Arbitrage your free lunch
There is opportunity in market mis-pricing of stocks
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Money Talk
As Chief Executive and Managing Director of ICICI Prudential Life Insurance, Ms Shikha Sharma leads a team that manages millions on behalf of its customers. Here, the IIM Ahmedabad alumnus gives us some insights on how she ...
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SMART MESSAGE
Free to choose
Sample some literary gems of Milton Friedman, one of the greatest economists of our time, widely credited as `the father of monetarism' and a Nobel Prize winner in 1976. ``Every day each of us use innumerable goods and ...
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MUTUAL FUNDS
Tata Mid Cap Fund: Building on construction
The mid-cap rally, which provided investors with good returns for the past few years, hit a speed-breaker in May-June. Even the pull-back since then has not brought life back to normal for several mid-cap stocks, with many still ruling 30 per ...
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Fund Talk
I am new to mutual fund investments and do not have the time to regularly monitor the portfolio. What is the right time to sell and when should one book profits? Ravi Nagar Mumbai While there is no dearth of information on which fund ...
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Update
Reliance Mutual has launched its maiden close-ended scheme, Reliance Long Term Equity Fund. The fund will be automatically converted into an open-ended scheme on maturity, after three years. The fund will primarily focus on the small and ...
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STOCKS
Liquor stocks — Touching a new high
A few months ago, when SAB Miller snapped up the Foster's beer business in India, a Dow Jones story began with a quote from American acting legend Humphrey Bogart, who once remarked that the problem with the world was that everyone was a few ...
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PERSPECTIVE
Why invest in small companies?
Investors flock to smaller companies not just for cheap valuations but for earnings growth momentum and high return on equity.
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`Tata Steel must soon top CSN counter bid for Corus'
`Rival may wrap up debt finance plan on Monday'
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Query Corner
Kindly give me a three-month outlook for Hotel Leela purchased at Rs 69 and Reliance Petroleum at Rs 70. Thiyagarajan Muthuvel Hotel Leela (Rs 63.7): The stock is in an intermediate-term uptrend since the low hit in late ...
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STOCK MARKETS
CALL-CENTRE
Stocks or mutual funds?
So, you have set your goals and decided to invest in equity. Should you invest in stocks or mutual funds? Well, you need to decide what kind of an investor you are. First, consider if you have the kind of disposable income to invest in 15-20 ...
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Trader's Corner
Markets globally have been in a spectacular bull run for the last three years. Trading in the markets in this period has been a pleasant experience for most. But, this unrelenting rise has led some market players to believe that it is always okay ...
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Reliance
This stock underwent a mild correction last week, weakening to an intra-week low of Rs 1,254. Reliance is undergoing a running correction since September. The price move since then can be fit in to an upward moving channel. The lower boundary ...
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SBI
After breaching the near term-target of Rs 1,155 on Wednesday, the stock closed the week with a gain of 8 per cent. Momentum is strong on both the daily and weekly charts. The stock attained our second target of Rs 1,212 to hit an intra-week ...
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Tata Steel
This scrip had a negative close on all five days of last week. The short-term trend is downwards. The 10-week ROC is below the zero line and the 14-week RSI has retreated to 44. This denotes the possibility of the stock launching into a ...
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Infosys
The counter moved in line with our expectation and broke out above Rs 2,155 to move past our first medium-term target of Rs 2,216 last week. Some caution is required as the price heads towards our second medium-term target of Rs 2,255. We can ...
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Chart Focus
The stock has been undergoing a quiet base-building phase in the zone between Rs 120 and Rs 170 since July. The double bottom at Rs 120 halted the brutal 52-per cent drop from the March highs. The Rs 120 support is also a 50-per cent retracement ...
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ACC
There has been a sharp breakout last week, vindicating our positive view for this counter. The price has raced past its previous all-time high of Rs 1,060 to hit an intra-week high of Rs 1,110. The rise in prices on Thursday was accompanied by a ...
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ONGC
The scrip has made an evening star pattern on the weekly chart, which is a sign of weakness for the medium term. However, we need confirmation from the price action this week before this view is reinforced. The price is consolidating in a ...
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RECOMMENDATION
Andhra Bank: Buy
An investment may be considered in the stock of Andhra Bank with a one-year perspective. The bank's increasing focus on high-yielding loan segments, buoyancy in fee income and ability to mop up low-cost funds augur well for its growth over the ...
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Sobha Developers: Invest at cut-off
As the income from current projects is likely to get bunched up only from FY-08, investors may need to consider a long time horizon of two to three years while investing in this stock.
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LIC Housing Finance: Buy
Improvement in key business parameters coupled with a strong positive outlook for housing finance market augur well for the company.
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R. S. Software: Invest
Though growth prospects appear bright, valuations are stretched for this stock in the chemicals sector.
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DSPML Opportunities: Invest
While not investing in a pre-determined sector or theme, the fund aims at identifying "hot" sectors in advance and takes focussed exposures accordingly.
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PruICICI Tax Plan: Invest
Investments can be considered in PruICICI Tax Plan if you are an aggressive investor. The three and five-year returns from this scheme are 54 per cent and 55 per cent respectively, comparable to its peers, and it is ranked among the top three in ...
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Blue Bird India: Avoid
The long gestation period of the proposed project and the strain on resources due to increasing working capital requirements are causes for concern.
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Gulshan Sugars and Chemicals: Avoid
Though growth prospects appear bright, valuations are stretched for this stock in the chemicals sector.
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Yashraj Securities: Accept
Shareholders can consider accepting the open offer made at Rs 94.5 per share by the acquirers, as the business prospects for Yashraj Securities, the target company, appear bleak. Although the offer price is at a five per cent discount to the ...
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OUTLOOK
Index Outlook
The Sensex continued to press forward, recording a weekly gain of 1.1 per cent. It was in illustrious company, as the DJIA, Hangseng, Kospi and KLSE indices also gained between 1 and 2 per cent last week. The Shanghai Composite Index walked away ...
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Market View
From a global perspective, the increased consensus for a soft landing of the US economy augurs well for overseas demand for export-oriented sectors. The housing deflation in US could help trigger higher savings. On the other hand, ...
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