MARKETS
FINANCIAL SERVICES
Indiabulls' scheme of arrangement
The Bombay Stock Exchange has released the details of the Scheme of Arrangement for Indiabulls Financial Services Ltd. The company's ex-entitlement date has been fixed as January 2, by the BSE. December 29 was the last trading ...
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INVESTMENTS
Value versus growth strategies
It is difficult to adhere to either a pure value or pure growth strategy. Most of the investors employ a combination of value and growth investing styles seeking growth at a reasonable price.
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CALL CENTRE
Rest insured
One of the by-products of the opening up of the insurance sector to private players is the emergence of the concept of Unit Linked Insurance Product (ULIP). This is an alternative to the traditional insurance plan, where, as per the IRDA ...
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SMART MESSAGE
Activist investor
She is one of those rare investors who can proudly claim that her daughter's education in the US was funded by selling a portion of her HLL shares! She is also an example of how you do not have to be a financial wizard to make profits in equity. ...
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Investment Nuggets
President of the Chicago-based Acorn Fund, run by investment firm Harris Associates, Ralph Wanger adopts theme-driven investment approach in smaller companies for the medium-to-long term. The Acorn Fund returned 17.2 per cent annually ...
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Money Talk
Mr Deepak Mehrotra, 42, is the CEO of Bharti Airtel's Karnataka circle. He has been in charge of the company's mobility services business in this circle for the past three years. He began his career in sales and marketing but ...
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MUTUAL FUNDS
Sundaram BNP Paribas S.M.I.L.E — Auto, construction stepped up
Sundaram BNP Paribas S.M.I.L.E (Small and Medium Indian Leading Equities) Fund is an open-ended equity fund. It defines small and mid-cap stocks as any equity stock whose market capitalisation is equal to or lower than that of the largest stock ...
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Fund Talk
I want to invest Rs 1,20,000 in ELSS for tax saving. What are the parameters to select a tax-saving fund? Please suggest some good ELSS to invest. Do I invest Rs 10,000 every month in one mutual fund for 12 months or spread it across five ...
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STOCKS
Bharat Sheth picks up 11.5 lakh shares in GE Shipping
His holding goes up to 7.59 pc
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TECHNICAL ANALYSIS
2007 on the charts
It was an exemplary climb for the Sensex from the low of 2900 in 2003 to the current 14000 levels. The correction in May, though short, was significant, as it made the Sensex withdraw 30 per cent from its peak. ...
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STOCK EXCHANGES
NSE members plan to rope in BSE brokers
Members of the National Stock Exchange plan to bring BSE brokers into their fold. The Association of NSE Members of India (ANMI) said it was awaiting clearance from the registrar of companies for a name change whereby it could start inducting BSE ...
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STOCK MARKETS
Nifty at critical stage; may turn weak
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Query Corner
Please advise whether I should hold BASF bought at Rs 240. Krishnan Seshan BASF (Rs 230.2): The stock is reacting downward after hitting a high of Rs 250 in early October. The intermediate-term outlook for this stock ...
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SBI
The movement last week concurred with our view that the downward move from the peak of Rs 1,378 has entered in to its second leg. This second wave can chart a flat or a triangle pattern and keep the price oscillating between Rs 1,300 and Rs ...
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Reliance
The stock stayed in a narrow band last week thus keeping our view unaltered. As written before, the stock is moving in an upward channel since the low of Rs 810 made in June. The lower boundary of this channel is positioned at Rs 1,220. The ...
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Index Outlook
In 2005, the Sensex broke free of the shackles that bound it to the sub-6000 level and began a tentative flight upward. In 2006, Indian markets discovered that sky is the limit. Milestones were crossed effortlessly and corrections were taken in ...
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Tata Steel
The scrip held on to the gains recorded in the previous week though it could not make any fresh progress. It remained stuck to the range between Rs 474 and Rs 488. The Rs 495 level that we had indicated last week remains an important ...
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Infosys
The stock was among the strong performers last week, recording a gain of 3 per cent. The medium-term trend in this stock is sideways. A triangle seems to be complete since the peak formed in the third week of November. It is hard to determine if ...
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ACC
The scrip continued to build on the pullback rally that is on from the low of Rs 910. The minor C of this move is on currently and has the target of Rs 1,111 and then Rs 1,179. The Rs 1,100 level is an important resistance as it falls at ...
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ONGC
The stock rose on Tuesday to an intra-week high of Rs 891 before spending the rest of the week moving sideways. Our view for this stock remains unaltered. The move from Rs 765 can be the third leg of the intermediate term rally from the low of ...
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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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Chart Focus
We recommend a buy on the stock with a stop below the recent low at Rs 365. The correction that began from the top of Rs 630 in April could have terminated at the recent low of Rs 371. As long-term support for this stock exists in the zone ...
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FOREIGN INSTITUTIONAL INVESTORS
FIIs holding in Mahindra Gesco
Mahindra Gesco Developers Ltd has informed the BSE that the FIIs holding in the company have reached the limit of 30 per cent of the paid up equity capital as per beneficiary positions made available by the Depositories (NSDL and ...
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REGULATORY BODIES & RULINGS
Update
Mutual fund investors investing Rs 50,000 or more will have to obtain a mutual fund identification number (MIN) effective from January 1, 2007. To comply with regulatory provisions, mutual funds have to follow enhanced Know-your-customer ...
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RECOMMENDATION
Magnum Global Fund: Invest
The fund's strategy and track record suggest that it is ideally suited to investors willing to assume a high degree of risk for superior return potential.
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Marico Industries: Buy
A focus on beauty and wellness and a string of acquisitions make the stock a strong growth play, but peg up risks as well.
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Kirloskar Brothers: Buy
Investments with a long-term perspective can be considered in the stock of Kirloskar Brothers (KBL), which manufactures and exports pumps and takes up turnkey water management and irrigation projects. At current market price, the stock trades ...
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HDFC Equity Fund: Invest
HDFC Equity Fund is a reasonable investment option for risk-averse investors. The fund's three and five-year performance record is impressive, with annual returns over these periods at 41 per cent and 51 per cent respectively. It has performed ...
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Bihar Caustic: Buy
The shift to energy-efficient membrane-cell technology would further strengthen the company's cost-competitive advantage.
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Lakshmi Machine Works: Buy
The LMW's story looks intact with robust growth in the order book, economies of scale due to high volumes and the improvement in operating margins.
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Birla VXL: Invest
As the company remains heavily leveraged, interest costs will continue to be a drag on profitability in the immediate term. It might take a while before the company makes a complete turnaround.
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Larsen & Toubro: Buy
With a sound track record, L&T has not only managed to capitalise on the domestic infrastructure and industrial capex boom, but also successfully managed to expand its geographical footprint through strategic tie-ups.
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On target, and off
Here is an analysis of how the Busines Line research team's various calls panned out in 2006. Suffice it to say that it's been perhaps the most difficult year for stock calling, over a four-year period. Just over 300 recommendations were made ...
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OUTLOOK
Mere blips or serious dips?
The past couple of months have seen stock market players swing from shock and pessimism to business-as-usual, with the indices correcting sharply before staging a recovery. With so many developments to mull over, opinions were, as usual, divided ...
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The Sisyphean task of forecasting
In today's dynamic, ever-evolving, just-in-time world, predicting the market is quite a Herculean and often imprecise task.
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Market View
The sharp rise in the equity market does warrant a closer look at various risks that could manifest over the short to medium term. First and foremost is the global liquidity situation, which was one of the prime reasons for the ...
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