MARKETS
OPEN OFFERS
Cementing presence
Cement major Holcim plans to further increase its 32.3 per cent stake in Ambuja Cements by acquiring another 3.9 per cent from its founding families, at Rs 154 per share. Holcim thus exceeds the limit of 5 per cent per fiscal and is obliged to ...
More
INVESTMENTS
‘MFs may help PSUs earn substantial addl profits’
Investments of up to 30% surplus cash reserves
More
NEW FUND OFFER
Update
The Securities and Exchange Board of India (SEBI) has come out with a proposal to waive entry load for direct applications made in mutual fund schemes. The proposal states that entry load is normally used by fund houses for meeting the ...
More
MUTUAL FUNDS
Birla Advantage Fund: Strong on capital goods
Birla Advantage Fund is an open-ended growth fund with the objective of achieving long-term growth of capital at relatively moderate levels of risk through a diversified investment strategy. Over past five years, the performance of the fund ...
More
Fund Talk
If an open-ended fund’s size remains very small over the years, it indicates the inability of the fund to prove reasonable performance and add to its assets.
More
STOCK MARKETS
Query corner
I have purchased Gujarat Industrial Power Corporation at the rate of Rs 93. What are the prospects of this company? Shall I hold on to the share? Varghese John Gujarat Industrial Power Corporation (Rs 60.6): GIPCL continues ...
More
Making sense of Sensex moves
Sensational headlines such as “Sensex in free fall”, “Bloodbath on D-Street” and “Market faces mayhem” would have surely stirred up a storm in your teacup as you read the morning newspaper in recent weeks. ...
More
Time to get into secular high-growth stocks’
More
Reliance
Reliance has turned in a steady performance, moving in a 100-point between Rs 1,700 and Rs 1,800. The short-term trend has turned down from the peak of Rs 1,948. A cautious approach is warranted at this stage as this sideways move can be the ...
More
‘16,000 looks difficult for Sensex this year’
With political troubles within the country and global uncertainties, investors are naturally reluctant to buy. But better value may emerge in the next couple of months.
More
SBI
SBI followed our script very closely last week, reversing below the resistance at Rs 1,600 and falling to an intra-week low of Rs 1,400. The stock has retraced 38.2 per cent of the intermediate term up-move that began at the March lows. ...
More
Tata Steel
Tata Steel moved sideways between Rs 540 and Rs 600 in line with our expectations. The stock is holding above the long-term moving average at Rs 530. Short-term investors can hold the stock as long as it trades above this support. The ...
More
Infosys
Infosys took a decisive step lower last week though the weekly loss was just two per cent. The 10-week ROC oscillator failing to move above the zero line implies that there could be further fall in the medium term. The tentative recovery ...
More
Bharti Airtel
Bharti was the star performer last week with a nine per cent gain. The stock moved past our outer target of Rs 858 to record an intra-week high of Rs 872. The next resistance band for the stock lies between Rs 880 and Rs 900. Once this band is ...
More
ONGC
ONGC moved in a tight range last week emulating the other pivotals such as Reliance Industries and Tata Steel. The medium term outlook stays negative for the stock. However, the support at Rs 743 needs to be firmly breached before the stock ...
More
Stock ideas for the medium term
ICICI Bank (Rs 834): Sub-prime concerns have trimmed valuations for this stock to a level that is at a discount to other private sector peers. A focus on retail lending, where growth prospects are strong and the possibility of value ...
More
Trader's corner
Anyone who has dabbled with charts would agree that one of the easiest tools available in technical analysis is the moving average. It gives buy and sell signals at the apt juncture that can be used by traders and investors alike to take or ...
More
What’s ahead
DEBT MARKET
SMART MESSAGE
Debt: Your portfolio’s shock absorber
More
DERIVATIVES MARKETS
Volatility to be order of the day
More
FOREIGN INSTITUTIONAL INVESTORS
Prominent bulk deals on NSE and BSE
More
RECOMMENDATION
Alstom Projects: Buy
Investors can consider adding the stock of Alstom Projects India (Alstom) to their portfolio with a 2-3 year perspective. A sizeable order book, dominant position in the manufacture and servicing of hydro power plants and rising prominence in ...
More
HCL Technologies: Buy
A focus on big ticket deals, expanding geographic coverage and an aggressive hedging policy make the company a good investment option among the large IT companies.
More
DSPML Top 100 Fund: Invest
For investors looking to invest in blue chip, large-cap stocks at attractive levels, a fund such as DSPML Top 100 may be a good option. As the name suggests, the fund invests in stocks that figure in the top 100 companies when ranked by ...
More
KEC International: Buy
The planned merger with two group companies is likely to synergise operations and fetch a share of the telecom infrastructure market.
More
SPOTLIGHT
Buying opportunities in funds with large-cap focus
With recent global events triggering a 10 per cent decline in Sensex levels, several large cap stocks have retreated significantly from their earlier highs. For investors with a 3-5 year investment horizon looking to make equity investments, ...
More
Prime Focus: Buy
High visibility on the earnings front and presence in a niche business make Prime Focus a preferred play within the media sector.
More
OUTLOOK
Index Outlook
Global markets partied last week as the spectre of a financial crisis started dissolving in to the background. The Sensex was, however, held back from joining in the celebrations thanks to the pandemonium on the political front. The Sensex ...
More
Taking stock after the correction
In the sweeping correction that has caused global stock markets to tumble like nine-pins, the BSE Sensex has shed 9-10 per cent off its peak value. Stocks in sectors such as telecom, steel and construction have plummeted 15-30 per cent the past ...
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds