MARKETS
MUTUAL FUNDS
Petro, telecom enhanced
Between February and May, the assets of DSP Merrill Lynch India T.I.G.E.R Fund grew 40 per cent to Rs 1,008 crore. The fund held about 70 stocks in its basket as of May 2006. The top ten holdings accounted for 31 per cent of the portfolio. The ...
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Fund Talk
I am a professional (26 years old) working in a consultancy firm. Risk profile: High. I want to purchase mutual funds for saving tax and as an investment option. I had bought ELSS (Tax Saving MFs) last year from PruICICI, HDFC TaxSaver & ...
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Fund Update
The SEBI Board has approved guidelines for Real Estate Mutual Funds (REMFs). Such funds will be allowed to invest directly or indirectly in real estate properties within India, mortgage (housing lease) backed securities, equity ...
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STOCK MARKETS
Momentum set to continue
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Pick a winner stock market contest
For the contest held during June 2006, the stock of Ultratech Cement posted the maximum gain of 25.22 per cent. Its share price rose from Rs 597.10 to Rs 747.70. Out of 1,028 entries received, there were six winners. They are: R Viswanathan ...
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RECOMMENDATION
Mahindra & Mahindra: Buy
Investors with a long-term perspective can consider investing in the Mahindra & Mahindra (M&M) stock at the current price of Rs 620. The stock has moved in tandem with the market and has gone up by about 8 per cent over the last month. But ..
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Indian Overseas Bank: Buy
The ability to generate superior returns, the impressive business growth and the benefits likely to accrue from the acquisition of Bharat Overseas Bank make IOB a bankable stock.
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IDFC: Buy
IDFC's high return on assets, low leverage, limited proportion of bad loans and low operating costs outweigh concerns on rising cost of funds and declining spreads.
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GHCL: Buy
GHCL's textile division has morphed into an integrated home textiles player with acquisitions of Dan River, US, and Rosebys, UK.
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Franklin India Prima Plus: Hold
Prima Plus' portfolio straddles a range of sectors. Its major holdings are in software, capital goods and banking. It is slightly underweight on the auto sector, which could explain some of its underperformance.
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Principal Growth: Hold
Investments in Principal Growth Fund may be retained. No fresh investments need to be considered at this juncture, though the fund has delivered returns in excess of its benchmark, the Nifty, every year since its inception. Over the past three ...
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Shirdi Industries: Avoid
The wood-based industry is plagued by illegal activities, as a result of which the unorganised space continues to thrive.
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Shoppers' Stop: Buy
Significant growth could kick in after 2008, if Shoppers' Stop decides to invest in the hypermarket venture.
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OUTLOOK
Market View
Strong fourth quarter GDP growth numbers and the advance tax data shows that there is no slow down in economy and corporate profitability in the near term. We expect that the revenue and profit growth numbers of corporates will ...
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