MARKETS
MUTUAL FUNDS
DSPML Opportunities Fund: Upbeat on software, telecom and media
This week we look at a fund whose investment objective is to respond to the dynamic economy by moving investments across sectors. Here is an analysis of DSPML Opportunities Fund's portfolio shuffle between April and July 2006. The fund stepped up ...
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Update
LIC Mutual has declared a dividend of 10 per cent under LICMF Balanced Fund. The record date is September 5. LIC Mutual has changed the load structure for its Index fund. The present entry load up to Rs 1 crore is 2.25 per cent. And there ...
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Fund Talk
I am interested in starting an SIP in 3-4 funds. Can you recommend some funds where I can start SIPs and continue them on a long-term basis? How long should an SIP be continued to get good returns? Ranjit Nair You can consider ...
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STOCK MARKETS
Reliance
The price of Reliance moved sideways in a range between Rs 1,100 and Rs 1,150 last week. The momentum is slowing down in both the daily as well as the weekly charts. A quiet consolidation phase is always welcome after a heady run. Our view ...
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SBI
The price of SBI is moving in an upward trajectory, heading towards our targets of Rs 950 and then Rs 1,013. The price hit an intra week high of Rs 939 on Thursday. The price is moving in an upward moving trend channel since the low of 19th July, ...
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Tata Steel
Tata Steel weakened last week to fall to a low of Rs 492.8 on Friday. The price is still in the range that we mentioned last week, between Rs 500 and Rs 540. So the outlook remains neutral. The important resistance level next week will continue ...
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Infosys
The Infosys stock reversed from a low of Rs 1,750 last Monday and went on to hit a high of Rs 1,819 on Thursday. Some signs of slowing down are evident on the weekly chart. But, our view will continue to be positive as long as the price stays ...
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ONGC
The ONGC stock moved sideways last week, hitting an inter week high of Rs 1,239. The price is still struggling to overcome the resistance at Rs 1,250. A strong breach of this level is required to propel the prices forward. But our medium ...
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Tata Motors
The price of Tata Motors stayed steadfastly within the range that it had defined the previous week. The price fluctuated in an extremely narrow band between Rs 840 and Rs 870. Since this consolidation comes after a sharp upward move, the ...
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Trader's Corner
In the middle of the 19th Century, there was a gold rush in America that tore men from their well-settled lives in search of the yellow metal that promised to make them rich overnight. A modern day parallel can be drawn between the day trading ...
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Query corner
Please tell me the future of Gitanjali Gems, which I purchased at Rs 190 and JP Hydro purchased at Rs 34. Shekhar Chopra, Port Blair. Gitanjali Gems (Rs 196.8): The chart is showing good momentum since the bottom formed in ...
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DERIVATIVES MARKETS
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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RECOMMENDATION
Era Constructions: Buy
Investor can consider fresh exposures in the stock of Era Constructions (Era). The stock trades at a price earnings multiple of 10 times its expected 2006-07 per-share earnings. Our view is based on the healthy order flow, better ...
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Aurobindo Pharma: Hold
Aurobindo's entry into the US market may have been later than peers, but it is making up for the lost time by aggressively upping the pace of its filings.
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Quantum Long-Term Equity Fund: Hold
Quantum, with its value investing style, is clearly for investors with a long-term investment perspective, especially as undervalued stocks take time to deliver.
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Birla Sun Life Equity Fund: Hold
Unitholders can stay with Birla Sun Life Equity Fund. It's three-year and five-year record places it among the ten top performing mutual funds under the diversified category. The fund was launched in August 1998 under the Alliance Equity Fund ...
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HOV Services: Invest at cut-off
HOV Services is a risky play on the BPO opportunity. Managing high client concentration, attrition and competition remains a challenge.
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Aztec Software: Hold
While the demand for product engineering services is encouraging, Aztec's ability to mine its top five clients and enhance volume growth from its new clients holds the key to its valuation.
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Usher Agro: Avoid
Better options at the higher end of the food processing chain are available in the secondary market at attractive valuations.
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Atlanta: Invest at cut-off
Atlanta's reasonable valuations, good operating margins and a strong order-book lend optimism from a near-term perspective.
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Action Construction Equipment: Invest
Ace's broader product offering in terms of capacity and better margins give it an edge over its competitors.
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RIGHTS ISSUE
Basant Agro: Avoid
Earnings are unlikely to match growth in equity as Basant Agro proposes to use a chunk of the net proceeds to meet working-capital requirements.
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OUTLOOK
Index Outlook
And the rally continues... Laboriously and tediously, piling one green tick on top of another, the Sensex is inching its way higher. The Indian markets showed remarkable resilience last week refusing to be buffeted by turbulence in the ...
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Market View
Despite short-term corrections in price of crude oil, it is widely accepted that oil prices would remain higher than long-term averages through 2006-07. The impact on economies could vary, developing economies being impacted more ...
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ECONOMIC OFFENCES
Home Trade: 3 broking cos suspended
MUMBAI: SEBI has suspended the certificates of registration of three stock broking firms for alleged irregularities in maintaining Know-Your-Client forms and failing to exercise due diligence while trading in the scrip of Home Trade ...
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