MARKETS
BUYBACK
‘Competition is an opportunity to expand the market’
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INVESTMENTS
LONG AND SHORT
It depends, maybe, perhaps, if…
Remember that old joke about weather forecasting? Everyone has heard at least one version of it. My grandfather routinely coughed up one, amidst clouds of snuff (N. R. Pattanam Podi — Made in Madras) each night as we watched the news on ...
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Investment Nuggets
Though not the most recognised public face of Berkshire Hathaway, Charlie Munger’s contributions to the philosophy of value investing cannot be overlooked. Notably, Warren Buffet credits Munger with Berkshire’s ...
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MUTUAL FUNDS
‘No diversification benefits beyond 11 stocks’
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Birla Infrastructure Fund: Capital goods pruned
Infrastructure funds have been strong performers over the past year. However, even among such funds, the divergence in returns has been as high as 10 percentage points. A closer look reveals that concentrated allocation to a few sectors at the ...
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Fund Talk
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Fund Update
Sundaram BNP Paribas Mutual Fund plans to launch a close-ended equity scheme called Sundaram BNP Paribas Select Thematic Funds Energy Opportunities. The fund will have automatic conversion into an open-end scheme at the end of ...
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STOCKS
Strong rupee, competition weaken pharma earnings
Contract manufacturers buck the trend to post robust growth
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Reliance Cap, Cummins step into the top fifty stocks
With the market going through volatile movements, decisions on the stocks and sectors to be held in a portfolio were difficult, even for seasoned investors, over the past month. How did the managers of equity funds rise to the challenge and ...
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STOCK MARKETS
`Backdrop for emerging markets still favourable'
Mr Adrian Mowat, Chief Asian & EM Equity Strategist at JP Morgan, believes that short-term regulatory issues are unlikely to curtail the flow of funds into emerging markets. He adds that lack of earnings growth in the developed world would drive
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Query Corner
I bought SRF at Rs 244 in October 2006. Can you please advise whether I should hold the shares or sell them? R. VenkatramaniSRF (Rs 133.3): SRF is in a long-term down trend since the ...
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Reliance
RIL put up a resilient show last week and was largely instrumental in preventing a deeper gash in the markets. The Diwali day fireworks made the stock sky-rocket past our medium-term target of Rs 3,030. However, we will have to ignore ...
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SBI
SBI achieved our near-term target of Rs 2,315 last Monday and spent the rest of the week in a range between Rs 2,120 and Rs 2,330. This appears to be a short-term consolidation phase before the next break-out. The near-term outlook for ...
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Tata Steel
Tata Steel moved in line with our expectation last week, reversing below Rs 924 to fall to an intra- week low of Rs 820. The key support next week would be at Rs 816. Fall below this level will confirm our assumption that a five-wave ...
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Infosys
Infosys jerked out of its somnolent state to resume the down trend that began in February. The downward gap formed on Wednesday and the breaching of the support at Rs 1,750 are ominous signals. We had expected a docile third leg of the move ...
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Bharti Airtel
Bharti Airtel turned weak in the later half of last week and fell towards the short-term support at Rs 840. As indicated last week, the 200-day moving average and the long-term trend line positioned at Rs 840 should hold if the medium-term ...
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Satyam Computers
Satyam joined the rest of the IT pack in recording a sharp medium-term reversal last week. The strong post-result rally that could have propelled the stock towards its all-time high was beaten out of shape last week as the stock plummeted ...
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Trader's Corner
We all know that there are three kinds of trend: up trend, down trend and sideways trend. The ancient Japanese discovered candlestick patterns that signal the onset of these trends. In our previous columns, we dealt with both bullish and ...
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Prominent bulk deals on NSE & BSE
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RECOMMENDATION
Edelweiss Capital: Invest at cut-off
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PVR Ltd: Buy
An investment can be considered in the stock of PVR Ltd, one of the country’s larger multiplex chains. The stock trades at 18 times its estimated financial year 2008 per-share earnings and at about 12-13 times estimated financial year 2009 ...
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Mount Everest: Sell in the market
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Nicholas Piramal: Buy
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HDFC Capital Builder: Hold
Investors can retain their holdings in HDFC Capital Builder. After hugely underperforming the market in 2006, the fund has saw a pick-up in performance over a one-year period. Capital Builder’s portfolio has undergone a major overhaul ...
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KPIT Cummins: Buy
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OUTLOOK
Index Outlook
The razzle-dazzle of Diwali left Dalal Street untouched this year as the Sensex recorded a negative weekly close; the second in the last three months. This sulky mood is a trifle worrisome. But we need to remember that the Sensex has gained 46 ...
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