MR PRADEEP DOKANIA, MANAGING DIRECTOR AND HEAD (GLOBAL PRIVATE CLIENT), DSP MERRILL LYNCH.
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INVESTMENTS
How timing mattered for one-year stock returns
The May high or June low for investors
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Taking stock of market valuations
If stock prices gained sharply over the past year, it is not only a result of India Inc's strong earnings growth, but also because investors are now willing to pay a higher price for each rupee of earnings delivered by a company.
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NEW FUND OFFER
Update
Reliance Mutual has launched Reliance Equity Advantage, an open-ended diversified equity scheme, which proposes to invest in line with the sector ratio of S&P CNX Nifty. The fund will invest 70-100 per cent of the corpus in equity & ...
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MUTUAL FUNDS
How diversified funds handled a yo-yoing market
The one-year returns of diversified equity funds are beginning to sparkle again as performance charts capture the euphoric recovery funds have made since their June 14, 2006 lows. For those who invested at the May 2006 peak, however, the ...
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Reliance MF, Allahabad Bank pact
Reliance Mutual Fund has tied up with Allahabad Bank for selling its entire range of mutual fund products. Through the alliance, Reliance Mutual Fund will sell 28 schemes - comprising 13 equity oriented schemes and 15 debt ...
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Birla India GenNext — Priority to banking
Birla India GenNext seeks to invest in companies that derive their revenues from manufacturing products or providing services that appeal to the younger generation. The portfolio has about 30 stocks spanning sectors such as banking, telecom, ...
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Fund Talk
You can also divert some investments to mid-cap funds as they have the potential to prop the returns of a long-term portfolio.
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STOCK MARKETS
Reliance
Though RIL did not head lower as expected, the recovery was not convincing either. The evening star in the weekly chart has been followed by a harami, which implies indecision. The stock faced resistance from Rs 1,715. The short-term outlook will ...
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SBI
SBI has retraced 32 per cent of the up-move since April 2007. The next retracement target for the stock is at Rs 1,250, which is the medium-term trend deciding level. Investors can hold the stock till it stays above Rs 1,250. Momentum ...
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Tata Steel
Tata Steel staged a minor pullback last week that took it to an intra-week peak of Rs 622. The laboured nature of the pullback and the sell signals in the weekly oscillators herald short-term weakness in the stock. The short-term resistance ...
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Stock Takes
With DLF fixing its share price at Rs 525, the stage is set for the company to join the real-estate listed place. Institutional investors (such as overseas corporates, mutual funds, and insurance and banking companies) together bid for five times ...
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Infosys
Infosys could be charting the C wave of the flat correction that commenced from the April low of Rs 1,912. This C wave has the target of Rs 2,041 and then Rs 2,140. The 200 DMA present at Rs 2,070 will be an interim impediment. In other ...
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ACC
ACC is pausing just below the 50 day moving average positioned at Rs 825. The hurdle beyond this level will be at Rs 852. Inability to move beyond Rs 852 will imply an imminent fall to Rs 760 again. Fourteen-day RSI at 47 and 10-day ROC in ...
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ONGC
ONGC bounced higher in line with our expectation to an intra week high of Rs 891. But a strong impediment exists at Rs 900. A reversal from this level can drag the stock down to Rs 842 and then Rs 801. The 200 DMA at Rs 850 should lend support in ...
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Query Corner
I have purchased Sundaram Fasteners. What is your view on this stock? C. Venkatakrishnan, Prasad Sundaram Fasteners (Rs 62.9): The up move that commenced in 2001 in this stock ended in May 2006. The stock has been in a ...
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Trader's Corner
Many a time, during the trading day, one comes across the perfect break out in a chart accompanied by buy signals in the momentum indicators. But we do not act upon it. A stray news item we had read in the morning or a conversation we had with a ...
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DERIVATIVES MARKETS
Nifty future may be range-bound
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RECOMMENDATION
ICICI Bank — Bankable for the long term
There is scope for good medium/long-term returns, given the prospects for the core banking business, strong brand value and possible contributions from the insurance subsidiary.
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Trent — Invest
Shareholders with a long-term perspective can retain their shares in the company, given the growth prospects for the sector, the strong brand name and the now reasonable valuations.
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Shringar Cinemas: Buy
An investment can be considered in the stock of Shringar Cinemas, which runs the Fame chain of multiplexes. The stock is at a deep discount to its peers at about 18 times its financial year 07 per-share earnings; industry leader PVR Cinemas ...
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Roman Tarmat: Avoid
Competition would require that the company not only bid aggressively but showcase superior technical qualification.
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Reliance Vision Fund: Invest
Investments can be considered in Reliance Vision Fund, based on its long-term track record. The fund's three- and five-year returns are over 50 per cent and it finds a place among the top quartile of diversified funds. In the same period, it ...
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PUBLIC OFFER
ICICI issue price band at Rs 885-950
ICICI Bank has fixed a price band of Rs 885-950 per share for its follow-on public issue of shares. At the lower end of the band, the issue price would be at a 2.5 per cent discount to the stock's closing price on Friday (Rs 908) on the BSE; at ...
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OUTLOOK
Index Outlook
Sensex steadied itself around the 14000-level though attempts at moving higher were stymied by the mammoth DLF issue. With yet another colossal issue scheduled next week, the secondary market has to be content with waiting for its turn on the ...
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