Business Daily from THE HINDU group of publications
Sunday, February 11, 2007
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Markets (Feb 9)
BSE Sensex14538.90 (-113.19)
S&P CNX Nifty4187.40 (-36)
US Dollar (Buy/Sell)44.15 (+0.01)


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INVESTMENTS
Money Talk
A leading homoeopathic doctor, Dr Mukesh Batra is also an entrepreneur as the promoter, Chairman and Managing Director of the Dr Batra's Positive Health Clinics. Dr Batra has co-hosted TV shows on health and written books as well as ... More Oriental Trimex: Avoid
The company is likely to face risks of excess capacity if the housing segment growth moderates. More

MUTUAL FUNDS
Tata Equity Opportunities Fund — Power, IT stepped up
Tata Equity Opportunities Fund is an open-ended fund that sports a well-diversified portfolio with a mix of mid- and large-cap stocks. Stocks with a market capitalisation of less than Rs 5,000 crore accounted for 40 per cent of the assets as of ... More

Update
HSBC Mutual has launched a close-ended fund, HSBC Unique Opportunities, which will be converted into an open-ended fund after a period of three years. The fund seeks to invest in companies that face "out of ordinary situations" such as ... More

Fund Talk
I am 62. I have been investing in the PPF (Public Provident Fund) since 1968 and have a sum of Rs 12 lakh maturing in April 2007. As I would like a better return, I would like to commence investing in mutual funds. My query is whether I should ... More

STOCKS
Moser Baer enters home video market
Plans to launch over 100 Kannada titles in VCD/DVD formats More

TECHNICAL ANALYSIS
De-mystifying technical analysis
By meshing fundamental and technical analysis into their decisions, investors can profit More

STOCK MARKETS
Query Corner
I have bought 100 shares of Canara Bank at Rs 281 and 100 shares of IndusInd Bank at Rs 60 per share. What would be the short-term as well as medium-term outlook for these stocks? A.V. Vittal Rao Canara Bank (Rs 232.6): The ... More

India Inc in Q3 — Few dark spots in bright picture
While the third quarter results were marked by a significant growth in revenues across most sectors, earnings' growth was skewed in favour of specific sectors. More

Reliance
RIL moved within the confines of the upward moving trend channel. It continues to be one of the strongest charts among the pivotals in short term. The sideways move seems like a precursor to a breakout to Rs 1,472 and then to Rs 1,528. The point ... More

SBI
The stock stuck steadfastly to the narrow range between Rs 1,180 and Rs 1,220 last week. Tentative buy signals are apparent in the daily charts. The stock can attempt to move higher to Rs 1,240 and beyond that to Rs 1,275 next week. But, the ... More

Chart Focus
We recommend a buy in Bharati Shipyard at current levels. The correction in May and June 2006 made this stock lose 56 per cent from its peak price of Rs 573. The price is still significantly below its May 2006 peak. The short-term correction that ... More

Prominent bulk deals on BSE and NSE
More

Baskets of X
More

Bull's Eye
More

Index Outlook
The attempt to ignite a pre-budget rally was met with a rather lukewarm response last week. Though Sensex made a new all-time high of 14723.8, it ended the week with a marginal gain of 0.9 per cent. Our markets are showing maturity in not ... More

Tata Steel
It was a valiant attempt by the stock to stabilise at lower levels last week. But, it could not get past our first resistance at Rs 477 and weakened towards the end of the week to close with a loss of 2 per cent. The resistance for rallies will ... More

Trader's Corner
There are many among my day trading friends who do not peruse graphs during the trading day. Just watching the price and volume movement is sufficient to tell them, which stock is going to break-out and they trade accordingly. The pivot ... More

Infosys
The surge that we expected in this stock took place last Thursday and Infosys achieved our short-term target of Rs 2,366. The weekly oscillators that were beginning to droop have perked up after this move. The supports this week would be at Rs ... More

ACC
The scrip's feeble attempt to rally last week was thwarted by the 50-day moving average positioned at Rs 1,070. The 10-week ROC has moved below the zero line. The C wave of the correction that began from December 5, 2006 seems to be in progress ... More

ONGC
The counter slid lower to a 2 per cent loss last week. This stock is range-bound between Rs 880 and Rs 950 since early January. The lower peaks and troughs being recorded is a cause for concern. Momentum indicators have also deteriorated ... More

RECOMMENDATION
Satyam Computer: Buy
Investors with a one-year horizon may consider investing in the Satyam Computer Services stock at current price levels. They, however, need to temper their return expectations to 12-15 per cent. Strong participation in large deals, robust client ... More

MindTree Consulting: Invest at cut-off
Established client relationships, a good geographic mix and the hybrid business model inspire confidence in the company. More

Indus Fila: Invest at cut-off
As expansion in capacity is likely to happen in phases spanning the next two years, exposure needs to be considered from a long-term perspective. More

PruICICI Services Industries: Hold
A six-month return double that of its benchmark suggests that the fund made the right calls in a market driven by a limited universe of stocks after last May's correction. More

Reliance Equity Opportunities Fund: Hold
Unitholders can stay invested in Reliance Equity Opportunities Fund. The fund's NAV has grown 46 per cent in the past year and it has outpaced its benchmark BSE-100 by 4 percentage points. The performance so far is on par with the diversified ... More

Broadcast Initiatives: Avoid
The company's plans are at a nascent stage and the success of its channels is yet to be demonstrated. More

MphasiS: Reject
Shareholders of MphasiS can reject the open offer being made by TH Holdings along with Electronic Data Systems (EDS), as a person acting in concert, to acquire an additional 20 per cent equity stake in the company. Our recommendation is ... More

Kirloskar Ferrous Industries: Avoid
Earnings expansion may not keep pace with the growth in equity base. More

Oriental Trimex: Avoid
The company is likely to face risks of excess capacity if the housing segment growth moderates. More

Mudra Lifestyle: Invest at cut-off
Strong demand from domestic branded garment players and an improving revenue mix augur well for revenue and earnings growth. More

IPOS
Idea Cellular: Invest at cut-off
Bright prospects for mobile telephony and the valuation discount at which this offer is being made vis-à-vis Bharti make it attractive and leave potential for capital appreciation. More

Indian Bank fixes Rs 91 per share
Indian Bank has fixed the price at Rs 91 (upper end of the price band) per share for its initial public offer of 85,950,000 equity shares of Rs 10 each for cash at a premium, according to a press release issued by the bank. The ... More

OUTLOOK
Market View
Of special import is the central bank's comment on inflation, its relationship with growth and the monetary policy response to both. Clearly, growth is desirable and RBI acknowledges this. The economy's ability to grow sustainably ... More

Nifty may hover around 4200-level
More






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