MARKETS
MUTUAL FUNDS
Long-short, the future of fund investing
Reliance Equity can be considered India's first hedge fund. It is also the largest ever offer made in the Indian market, though that is not necessarily an advantage.
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FUND TALK
Going for consistency
You have consistently advocated that investors should invest in older funds with a five-year track record and stay away from new funds. I did a comparison of the returns on new funds such as SBI Multicap, Fidelity Equity and SBI Midcap with ...
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PORTFOLIO MOVES
HDFC Long Term Advantage
Between September 2005 and February 2006, the net assets of HDFC Long-Term Advantage Fund grew by 57 per cent to Rs 348 crore. We take a look at the reshuffle in the portfolio during this period. The fund has ...
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STOCK MARKETS
Index Outlook
The market action was in line with expectations. A positive trend prevailed during the week and the index also managed to close above the resistance level of 3230. This has lent weightage to the view of a rally to 3450-3500 in the long term. ...
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SBI exhibits strength
The stock ruled firm and also moved to the initial target zone of Rs 950-Rs 960. The recent price action has validated the long-term view of a rally to Rs 1,100-1,150. After a short-term drop to Rs 945-950, the stock is likely to resume the ...
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Market healthy but correction unavoidable, say analysts
Indices up despite bird flu, terrorist attacks
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Query corner
India Cements (Rs 163): The near-term outlook is positive and a move to Rs 195-200 appears likely. Investors may hold with a stop-loss at Rs 150. Fresh exposures may also be considered on weakness, with the same stop-loss. Evidence of ...
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FOLLOW UP
Orchid Chemicals (Rs 355)
The stock ruled firm and moved to a high of Rs 363 on Friday. The outlook remains bullish and the share price appears on course to move to the target zone of Rs 375-380 mentioned last week. The positive outlook would be in force as long as the ...
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Options guide
Call option: A call option gives the buyer `the right but not the obligation' to buy the stock at a specified price on a future date. Put option: A put option gives the buyer `the right but not the obligation' to sell a stock ...
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CHART FOCUS
Hindustan Construction (Rs 174)
The stock has moved past the target zone of Rs 145-150 mentioned earlier (edition dated December 25, 2005). The recent price patterns indicate that the long-term trend is positive. A move to Rs 195-200 appears likely. The positive view ...
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Strategy
In many cases, the share price of the company starts falling after I buy the stock and vice versa when I sell. Is it a phenomenon that is peculiar to me or is it a more common occurrence? E. Raju You can rest assured that you are ...
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Trading tips
Never try to fight a trend by taking positions against the prevailing trend. Though it may be always tempting to buy a stock that is falling with an intention to lower the average cost of acquisition, such a practice should be avoided. ...
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Market outlook
The market mood remains positive without signs of euphoria — seeking out a conquest and moving ever so slightly to complete the golden cross with the Dow — of 11 years ago. — ...
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THE BIG DEAL
Power in the wind
Geographical diversification and vertical integration are Suzlon Energy's mantras for growth. The company's acquisition of one of the leading gearbox makers, Eve Holding NV of Belgium for 465 million euros (Rs 2,500 crore) appears to fit well ...
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DERIVATIVES MARKETS
F&O OUTLOOK
Nifty may be range-bound
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RECOMMENDATION
More Telecom stocks: Ringing in exciting times
Bharti Tele-Ventures: Hold
Reliance Comm Ventures: Hold
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Batliboi: Buy
The stock of Batliboi can be accumulated at about Rs 150, as growth prospects appear promising. The stock trades at 15 times its expected FY06 per share earnings and is attractively valued from a longer-term perspective. The sharp ...
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ACC: Buy
ACC is poised to emerge as the largest cement play and Holcim's window to India. This stock is likely to be the preferred large-cap play in cement. Buy, especially on weakness, with a two/three-year perspective.
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Aban Loyd Chiles Offshore: Buy
High oil prices have triggered exploration activity globally, leading to demand for rigs. Aban will be a prime beneficiary.
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DSP Merrill Lynch Opportunities: Invest
The tilt towards large-cap stocks, which have been at the forefront of the recent rally, has helped the fund.
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DSP Merrill Lynch: Tender
The promoter has exited from his holdings at the same price. If the de-listing bid fails, there is a strong likelihood of a sharp fall in price
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UTI Banking Sector Fund: Buy
UTI Banking Sector Fund is invested largely in old private sector bank stocks and has a more balanced portfolio than its peers in the same sector.
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Amtek India: Buy
Taking into account the strong fundamentals, the expanded capacities being commissioned and the strong growth prospects, long-term investors can buy the Amtek India stock at the prevailing levels. Business The ...
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Ashok Leyland: Buy
Having grown faster than the industry this year, Ashok Leyland is set to end fiscal 2005-06 with a flourish in March.
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Kewal Kiran Clothing: Avoid
While the product portfolio does enjoy brand recall, KKC will find the going tough over the next couple of years to break away from being just another brand.
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Birla GenNext Fund: Switch
The sharp focus on finance stocks appears unusual for a fund that wishes to play the lifestyle theme.
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Uttam Sugar Mills: Avoid
The offer seems ambitiously priced even after factoring in benefits from the expansion. There are other listed candidates in the sector with more attractive valuations.
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IPOS
`It would be harsh to close the retail window in IPOs'
Good IPOs are not identifiable by size. You can have some really good projects from small companies and doubtful ones from big companies. Just like in the secondary market, it is becoming more difficult for the person on the street to identify the go od opportunities in the primary market. — MS DIPTI NEELANKANTAN
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ECONOMIC OFFENCES
TECH MONITORING
Software to check demat-like scams
Fraudsters are continually changing their method of attack, seeking out new opportunities or markets as financial frauds become increasingly sophisticated. Monitoring through technology helps stay one-step ahead of the fraudsters. Incidents ...
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Stock Quotes
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