The Hindu Business Line : Sunday, October 02, 2005

Indian companies awash with liquidity
Surplus funds in excess of Rs 1,00,000 crore
IT appears to be India Inc's fitting response to the call of "Show me the money!" Listed Indian companies are sitting on a pile of cash and liquid investments, which at the end of financial year 2005, aggregated to about Rs 1,16,000 ... More

MUTUAL FUNDS

Mid-caps and size: Winning combo for MFs
New funds make an impressive start
IF THERE is one fund-house that dominates the performance chart for the July-September quarter, it is Prudential ICICI Mutual. A host of diversified funds from its stable top the rankings list. SBI Mutual too has ... More

Magnum Multiplier Plus: Invest
Exposures may be considered using a systematic investment plan over 12 months. More

SPOTLIGHT
Prudential ICICI FMCG Fund: Hold
THOSE who have a tolerance for risk and can take an active approach to investing can retain their units in the PruICICI FMCG Fund. This sector fund has built up a good three-year record and has outpaced its peers. Business conditions also ... More

FUND TALK
Too many new funds
Investing in a new fund is usually more risky than investing in an established one that has fared well through a complete stock market cycle. More

Templeton India Growth: Hold
INVESTORS in Templeton India Growth can stay invested despite the marked deterioration in performance. The record of Templeton India Growth over a considerably long period has, however, been good. Its strategy to invest in stocks that are ... More

PORTFOLIO MOVES
Sundaram Growth
AUGUST was a month marked by volatility in the market. Even as the momentum in the large-cap space slowed down, the small and mid-caps bucked the trend, making significant gains during the month. There were also shocks to the market in the ... More

Changes in redemption payment

Unitholders of Franklin Templeton Mutual Fund will now receive redemption proceeds of equity, balanced, tax-saving and index funds three days from the date of receipt of the application for redemption, as against the current practice of one ... More

STOCKS

Value stocks outperform funds
It is possible, using a formula-based approach, to identify a portfolio of ten or so stocks that could be winners. But, as such approaches sometimes tend to miss out on certain other factors that determine stock prices, it is good to watch out for sp ecific market trends as well. More

Disclosure
CONSIDER this. You hire a professional money manager, who asks you to buy ITC. She also tells you that she personally holds some shares in the company. There is a conflict of interest. What if she is trying to create more demand for the stock? ... More

TECHNICAL ANALYSIS

SBI may turn weak
SBI (Rs 938.6): Contrary to expectations of a marginal downside move, the stock ruled firm during the week. It turned weak on Friday, after hitting the target zone of the Rs 945-950 range mentioned in earlier weeks. The near-term trend is ... More

Short-term correction round the corner
Preferred view: After a jolt in the earlier week, the market sentiment turned bullish during the week gone by. The Nifty moved past the psychological 2600 mark and closed above this level on Friday. The index managed to hold above the ... More

Focus of the week
Crompton Greaves (Rs 663.1): The stock is in a major uptrend. It has been one of the star performers since January 2004. The recent uptrend does not appear complete and the stock could move to the Rs 825-850 range. There is, however, a ... More

Query corner
I have been holding Hindustan Construction for quite a while now. Will it be advisable to sell or hold for further gains? Please also let me have your views on TCS. — M.L. Hittinhalli Hindustan Construction (Rs 1,070): ... More

STOCK MARKETS

MARKET PRIMER
How trade-for-trade segment works
Trade for Trade Segment: Trading in this segment is available only for the securities *Which have not established connectivity with both the depositories as per SEBI directive. The list of these securities is notified by SEBI from time ... More

FUND VIEW
Long-term market behaviour easier to predict
THE speed and the extent of the movement of the equity market from 6000 levels to 8000 levels in nearly three months has surprised many an investor and observer of the market and also proved many market-timers wrong (recollect the expectation of ... More

Contest winners
V Sabapathy (Salem), K Chandra Shekar (Sirsilla), H Saikrithika (Chennai), Urmila Goel (New Delhi), R Meenakshi (Chennai), R Jeyalakshmi (Tirunelveli Town), R Viswanathan (Coimbatore), R Easwaramurthi (Coimbatore), A B Purushothaman (Chennai), P ... More

DERIVATIVES MARKETS

F & O POINTERS
Positive bias on Nifty
Nifty outlook: Last week, we had indicated that Nifty might head northwards. In line with our expectation, the Nifty moved up with sizzling speed to a record high level. We had advised our investors to go long on Nifty keeping the ... More

NSE bans trading in Videocon Intl
Despite Nifty rising to a new high, trading activity in the derivative segment on the NSE remained relatively muted last week; the average daily turnover was Rs 11,495 crore against the previous week figure of Rs 12,828 crore. Increase in open ... More

FOREIGN INSTITUTIONAL INVESTORS

Vijaya Bank reaches FII cap
MUMBAI: The Reserve Bank of India has notified that no further purchase of equity shares of Vijaya Bank can be made on behalf of foreign institutional investors, non-resident Indians or persons of Indian origin. According to a release ... More

RECOMMENDATION

Jindal Steel and Power: Buy
AN investment can be considered in the stock of Jindal Steel and Power. Volume growth from capacity expansion, positive demand outlook, expansion in earnings due to setting up of power business, broader business mix that could weather a cyclical ... More

Matrix Labs: Hold
INVESTORS may retain their holdings of the Matrix Labs stock, which trades at about Rs 190. From our earlier `buy' call on the stock, when it was trading at around Rs 140 (adjusted for the bonus and the stock split), ... More

IDFC: Buy
FRESH investments in the stock of IDFC can be considered. The stock trades at a premium to most finance and banking firms. The valuation, however, is justified considering the growth prospects for the company. IDFC ... More

BOC India: Hold
INVESTORS may consider retaining their holdings of the BOC India stock, which at Rs 180, trades at about 26 times its trailing 12-month earnings. A positive sentiment on the earnings potential has led to a 30 per cent surge in the stock price ... More

Gujarat NRE Coke: Buy
The stock of Gujarat NRE coke can be added to one's portfolio. At its current price, the stock trades at a multiple of about five times its expected per share earnings for the year-ending September 2006. Robust demand for coke, stable outlook for ... More

Stock Quotes
SE Diary

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