MARKETS
NEW FUND OFFER
Encounter
By value-hedging the futures position and eliminating directional bias, the fund can provide returns in all market conditions. — MR SANDESH KIRKIRE, CEO, KOTAK MUTUAL
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MUTUAL FUNDS
Update
UTI Asset Management has declared a dividend of 20 per cent (Rs 2 per unit) under the dividend plan of UTI Equity Tax Saving Plan. The record date is January 16. Principal PNB Asset management has declared dividend of 50 per cent ...
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New AMFI points of services
The Association of Mutual Funds in India (AMFI) has added Bajaj Investor Service, IL&FS Investsmart, Geojit Financial Services and Stock Holding Corporation of India Ltd to the existing points of services to collect documents ...
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Birla Infrastructure Fund: Sharp fall in banking
Birla Infrastructure is a theme-based fund that seeks to invest in stocks of companies that are participating in the infrastructure growth and development in the country. Launched in March 2006, the fund has been actively churning its portfolio ...
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Fund Talk
I've invested in a couple of recently launched closed ended funds such as Franklin Smaller Companies Fund and Prudential ICICI Fusion Fund and find that the returns are not very impressive. I'm contemplating investment in some of the recently ...
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STOCK MARKETS
Limited upside seen in Nifty
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Figuring out the trends
Monthly performance indicators of key sectors may offer pointers to the earnings card
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Query Corner
I have purchased shares of Kale Consultants at Rs 125 in April 2006. After 10 months, it is still at Rs 126. Kindly let me know the technical outlook for this company. Trilok Bharti Kale Consultants (Rs 128.2): During the ...
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Reliance
The counter was rock steady in the early part of last week and soared up on Friday towards our medium term target of Rs 1,350. The immediate target for RIL is in the band between Rs 1,370 and Rs 1,390. Breakout from this range will take RIL ...
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SBI
The stock completed a classic zigzag pattern last week, ending the C wave at a low of Rs 1,126, slightly above our first target of Rs 1,114. The fall last week has made the stock retrace 36 per cent of the rally since June 2006. The stock can ...
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Prominent bulk deals on NSE and BSE
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SMART MESSAGE
Be a tiger, not a hen
As a pointer to investment success, Warren Buffett once said, "Be a tiger, not a hen'' with your investments. He meant target a few large, meaty investments like a tiger, rather than pecking away at numerous small pickings like a hen. By ...
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Tata Steel
The scrip gave a rather muted performance, closing almost unchanged for the week. Volumes too were extremely thin on this counter. But the medium term trend in this stock has turned up from the low made on December 13, 2006. The stock can move ...
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Infosys
The stock plunged below our short-term trend deciding point of Rs 2,250 last Monday. But the medium-term outlook will stay positive as long as it stays above Rs 2,100. A fall below Rs 2,100 can take the price to Rs 1,950. The resistance for this ...
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ACC
The scrip reversed from a low of Rs 1,011 last week. It could have been a short C wave that has ended at Rs 1,011. The short-term resistance continues to be at Rs 1,105. A breakout beyond Rs 1,105 will take the price to Rs 1,131 and then Rs ...
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ONGC
It would have required nerves of steel to trade the ONGC counter last week. The stock achieved our target of Rs 934 on Tuesday and then plunged to a low of Rs 865 on Thursday, only to reverse again and close at Rs 924. Oscillators in the weekly ...
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Money Talk
Shahina Mukadam, who heads the research function at IDBI Capital Markets, is a seasoned hand at investing and has been closely tracking the stock market for several years now. A chartered accountant by profession, prior to ...
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Chart Focus
We recommend a buy on BHEL at current levels. The chart is turning from a low of Rs 2,105, which is exactly 61.8 per cent retracement of the rally since Rs 1,730 (July 24, 2006). The long- term trend line is also positioned at these levels. An ...
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Trader's Corner
The typical Indian day trader is a social creature. He likes to do his trading surrounded by his friends, the fellow traders in his broker's office. This ensures that the advice from dealers can be sought easily, without having to wait endlessly ...
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DEBT MARKET
When `being' in debt is interesting
For those who wish to lend an element of stability to their portfolio, there are a slew of interesting options in the debt market.
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FOREIGN INSTITUTIONAL INVESTORS
The importance of vigilant hedge fund investors
Amaranth debacle
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REGULATORY BODIES & RULINGS
SEBI clears broking co after 4 years
SEBI has finally dismissed its enquiry officer's allegation of manipulative trade against a Kolkata-based broking firm after about four years. Mr V.K. Chopra, whole time SEBI member, through an order has cleared Dalmia ...
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RECOMMENDATION
GlaxoSmithKline : Buy
Strong growth prospects for the health drinks business and improving pricing power make GlaxoSmithkline Consumer Healthcare a good investment proposition for investors with a medium-term outlook. At its current price of Rs.577, the stock trades ...
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Global Broadcast News: Avoid
CNN IBN has made a brilliant start in the year since its launch. But the Hindi channel IBN 7 appears to be a weak link.
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Sundaram BNP Paribas CAPEX Opportunities Fund: Hold
Investors can retain their investment in Sundaram BNP Paribas CAPEX Opportunities Fund. Since inception, the fund's performance appears impressive with 70 per cent returns. Similarly, most of the infrastructure theme-based funds riding the ...
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HSBC India Opportunities Fund: Hold
Since this fund has the flexibility to shift across different market-cap ranges, investors in the fund may still reap the benefits of mid-cap investing.
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Balrampur Chini Mills: Buy
The company is on course to delivering reasonable earnings growth, with ongoing capex and rising revenues from by products.
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AIA Engineering: Hold
The company is set for robust growth, however, the stock valuation appears to have priced in the effect of this potential upside.
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Pochiraju Industries: Avoid
The areas that Pochiraju intends to foray into are not immune to competitive pressures; we would prefer to stick to established floriculture plays.
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Akruti Nirman: Avoid
While the focus on slum rehabilitation projects is promising, fluctuating revenues, risks in land procurement and policy uncertainties make this offer unattractive.
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Yogindera Worsted: Avoid
Investors may avoid subscribing to this offer as it is not a preferred exposure in the textiles space; the company's focus segment of acrylic yarn is not particularly attractive from an investment perspective. At the offer price of Rs 24, the ...
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OUTLOOK
Index Outlook
Friday's rally in our markets is a prime example of the irrational thought processes that move stock markets. Changing of the Banking Regulation Act to give the RBI the power to reduce the SLR floor sent bank shares shooting skywards, which in ...
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PEOPLE
Investment Nuggets
Walter Schloss is considered one of the investment greats, a value investor in the same league as the Oracle of Omaha, Warren Buffet. Like Buffett, Walter Schloss was also trained under the legendary Benjamin Graham. For a brief while in ...
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