MARKETS
NEW FUND OFFER
Update
LICMF has launched the India Vision Fund, a three-year close-ended scheme that will automatically be converted into an open-ended scheme after three years. The fund aims at identifying growth sectors with emphasis on undervalued small and ...
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MUTUAL FUNDS
Fund Talk
I have been investing in the following funds: Franklin India Flexicap fund, Franklin India Prima, HDFC Equity, HDFC Premier Multicap, HDFC TaxSaver, Kotak Midcap and Fidelity Special Situations through SIPs for the past two years. I need to ...
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Kotak Opportunities — Banking up sharply
Kotak Opportunities is a diversified equity scheme with the flexibility to invest across market capitalisations. A look at the portfolio reshuffle in July-October 2006 shows that the top 10 holdings accounted for 48 per cent of the asset ...
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STOCKS
Reworking the large-cap portfolio
Here is a rejigged set, with many new stocks reflecting a different sectoral bias.
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Market rally driven by only few large-cap stocks
The rally that has taken the market from a low of 8,900 points in June to 13,800 now is narrow and is being driven by a handful of large-cap stocks. This fact, noted before, was proved yet again in an analysis done by Business Line on the ...
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Details of bulk deal
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STOCK MARKETS
F & O OUTLOOK
Nifty Futures may head for correction
Reliance Communication may turn weak
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Query Corner
I hold Alok Industries at an average price of Rs 60. I am willing to hold on to this stock for the long-term (3 to 5 years). Can I add to my quantity at these levels? Or would it be wise to exit and re-enter later? Babita Singh, S. ...
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Trader's Corner
One of the basic tenets of technical analysis is that history repeats itself. Human behaviour, emotions, feelings and responses to a given situation have remained the same over ages. Since stock markets are nothing but manifestation of the ...
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SBI
It was yet another show-stealing performance last week, with the stock gaining 8 per cent. Our medium-term target of Rs 1,370 was achieved effortlessly. As the target for the third leg from July lows has been surpassed, the price could now ...
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Investment Nuggets
"The legend of growth stock investing", Jim Slater, is also regarded as the stock market's pre-eminent asset strippers in the late 1960s. His method of choosing companies is best explained in The Zulu Principle — a ...
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Reliance
The stock went nowhere last week, remaining glued to the previous week's trading range between Rs 1,230 and Rs 1,280. There is a descending triangle pattern on the daily charts. This is a bearish pattern. But our positive outlook for the ...
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Money Talk
Uma Ratnam Krishnan is the Chief Executive Officer of Optimus, the business process outsourcing subsidiary of Polaris Software. As the head of Optimus, she brings to bear her 16-year work experience across retail financial ...
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Tata Steel
The movement in this stock was along expected lines last week. The price reversed below Rs 493 to fall to an intra-week low of Rs 466. The sequence of lower peaks and troughs since early October points towards a strong medium-term downtrend. ...
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Infosys
The scrip saw some profit booking towards the middle of last week that pulled the stock to an intra-week low of Rs 2,134. Some caution is advisable with regard to long positions, as the chart has completed a 5-wave pattern from the low of Rs ...
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ACC
The correction of the previous week proved to be short-lived. It made yet another surge forward to record a weekly gain of 5.6 per cent. The chart is strong from a medium-term perspective though a slight slowdown in the momentum was seen towards ...
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ONGC
It was a flat week for the stock, with the price moving between Rs 830 and Rs 900. But the struggle to rise above Rs 880 is a trifle concerning. If this level is not surpassed early next week, we could see the price sliding to Rs 814 or Rs ...
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Chart Focus
This was one of the hardest hit stocks in the May crash, falling from a lofty height of Rs 1,298 to a low of Rs 440 in July. The stock has been moving sideways in the range between Rs 450 and Rs 620 since then. The price reversed last week after ...
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Pick a winner stock contest
For the contest held during November, the stock of Jai Corp recorded the maximum gain of 178 per cent. Its price rose from Rs 411.35 to Rs 1,146.9. Of 826 entries received, there were three winners. They are: M.G. Balakumar (Salem), ...
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RECOMMENDATION
Kirloskar Oil Engines: Buy
Long-term investments can be considered in the stock of Kirloskar Oil Engines (KOEL), a leading player in the diesel engine business. The stock trades at a price-earnings multiple of 13 times its likely per-share earnings for FY08. Given the ...
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DSPML Top-100 Equity Fund: Invest
An investment can be considered in DSPML Top-100 Equity Fund. With an encouraging return of 58 per cent since launch, its performance is comparable with established peers. The fund has also found a berth among the top quartile of diversified ...
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Matrix-Mylan: Accept
The Matrix-Mylan deal, in our view, holds greater benefits for the latter than the former; participating in the offer appears appropriate.
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Glaxo: Hold
Aventis: Buy
Though Glaxo and Aventis have underperformed the broad indices since June, we believe they hold potential for patient investors.
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Nissan Copper: Avoid
Small scale of operations and substantial jump in equity base may prove to be a handicap for the company over the medium term.
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HDFC Prudence: Invest
The fund is suitable for investors who want equity-like returns but who wish to contain downside risks through an exposure to debt.
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Shanthi Gears: Invest
Revenue and earnings of the company would continue to be on a high growth trajectory, supported by the upsurge in capex across its user industries.
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Ess Dee Aluminium: Avoid
Steep valuations, operational challenges and execution risk fail to lend credibility to Ess Dee Aluminium's initial public offering.
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XL Telecom: Avoid
Investors can refrain from taking an exposure in the initial public offering of equity by XL Telecom. The offer is being made in the price band of Rs 125 to Rs 150 per share. The company's latest foray into retail marketing of CDMA mobile ...
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IPOS
Indian Bank files for IPO
To offer 8.6 crore shares; to list on exchanges by Jan-end
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MIC Electronics files Red Herring
MIC Electronics Ltd has filed a Draft Red Herring Prospectus with SEBI to issue 51-lakh equity shares of Rs 10 each for cash at a price to be decided through a 100 per cent book-building process. The public offer constitutes ...
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OUTLOOK
Market View
The recent earnings indicate that pricing power is returning to the larger players in the Indian IT space, with the possibility of upward revisions in full year earnings estimates. On another front, trends in quarterly results ...
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Index Outlook
As the Sensex readies to race past yet another milestone, an interesting disconnect is being seen in the movement of the global equity markets. Markets in Europe and the US have launched in to an intermediate-term correction. But markets in Latin ...
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ECONOMIC OFFENCES
Demat Fraud: Who is to blame?
SEBI's recent order calling upon two major depositories and a few depository participants to disgorge a carefully calculated sum of Rs 116 crore does not seem justified
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