MARKETS
FINANCIAL SERVICES
PE majors queue up for slice of domestic brokerages
New Delhi, Dec. 15 The rally on the Indian bourses is stoking strong interest among private equity (PE) funds in brokerages and financial services firms.Domestic brokerages, a majority of whom have been traditionally family-owned ...
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INVESTMENTS
LONG AND SHORT
Factor in those biases and quirks
In 1985, a 17-page paper was published in the Journal of Monetary Economics. The paper, titled “The Equity Premium — A Puzzle” was authored by Rajnish Mehra and Edward C. Prescott. It would go on to be ...
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Investment Nuggets
For investment buffs, here is James Tobin, the Nobel laureate who has made groundbreaking contributions to investment and financial market analysis. Tobin's Q, the valuation ratio named after him, established the link between the market value of ...
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INSIGHT
Trader's Corner
Humans are an optimistic bunch. They love sunshine, smiling faces, happy endings and soaring markets. Perhaps it is this natural trait that draws the investors to stock markets in the final stages of a bull market when things are rosy with ...
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MUTUAL FUNDS
Birla Sun Life Frontline Equity — In tune with the market themes
Birla Sun Life Frontline Equity, a fund that seeks to invest in a diversified portfolio with a large-cap tilt, has consistently outperformed its benchmark — the BSE 200 — over one, three and five-year periods. A look at the degree ...
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Fund Talk
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Special Situations Fund from Birla Sun Life
Birla Sun Life is launching a Special Situations Fund on December 17 that will hunt for contrarian opportunities in the stock market. The fund will invest at least 80 per cent of its corpus in equities. Events such as M&A, private ...
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STOCKS
Technical Analysis Q&A
I have bought Dr Reddy’s Labs at Rs 780 and Dolphin Medicals at Rs 25. Should I continue to hold on to these shares? Uday Padubidri Dr Reddy’s Laboratories (Rs 717.9): ...
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Colgate to restart trading on NSE
Trading in Colgate Palmolive stock, which was suspended from November 29, will recommence on December 17, on the National Stock Exchange (NSE). The scrip had been suspended as the company had gone for a reduction of equity share capital. The ...
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Reliance Industries
Reliance remained steadfastly glued to a narrow trading band last week too. Volumes continued to be indifferent and the momentum indicators are beginning to look fatigued. But the stock could be charting a shallow correction instead of a deep ...
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SBI
SBI could not get past the resistance at Rs 2,500 indicated last week and the stock slipped to an intra week low of Rs 2,350. The near-term supports for the stock are at Rs 2,360 and then Rs 2,260. Traders can buy the stock in correction, as ...
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Tata Steel
This stock moved down in the initial part of last week and achieved our first downward target of Rs 776. But a three-wave move was completed at the intra-week low of Rs 765 and the stock is currently rebounding from here. Tata Steel faces ...
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Infosys
Infosys moved precisely in line with our anticipation last week; reversing from an intra week high at Rs 1,770. A bearish dark cloud cover pattern is evident in the weekly candlestick chart. The resistance area indicated last week ...
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Bharti Airtel
Bharti Airtel achieved our short-term target of Rs 1,066 before moving lower, reinforcing our cautious medium-term outlook. The 10-week ROC oscillator slipping in to the negative zone is yet another signal that the stock could have commenced ...
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Satyam Computer
Satyam put up a disappointing show last week. It failed to move past the resistance band between Rs 455 and Rs 460. The reversal from this band was vicious; pulling the stock back to its long-term support at Rs 400. This support has been ...
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Prominent bulk deals on NSE and BSE
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STOCK MARKETS
Indian markets among most expensive globally?
Price- to-book value ratio of Sensex stocks is at record 6.5
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Small-cap stocks — Still time to join the party?
Is bungee jumping or a thrill-a-minute roller-coaster ride your idea of having a good time? If it is, then small-cap investing may be your preferred route to stock market riches. Unlike sedate blue-chip stocks that need to be held for several ...
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RECOMMENDATION
Sundaram BNP Paribas S.M.I.L.E: Hold
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DSPML Equity Fund: Invest
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Precision Pipes (IPO): Avoid
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Aries Agro (IPO): Avoid
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Ipca Labs: Buy
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Everest Kanto Cylinders: Buy
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Porwal Auto Components — IPO: Avoid
Investors can avoid subscribing to the initial public offering of Porwal Auto Components which is in the business of manufacturing castings. The fragmented nature of the foundry industry with a number of small players, competition from larger ...
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Tantia Constructions: Buy
Investors with a two-three year perspective can consider investing in the stock of Tantia Constructions. Strong order book, superior operating profit margins and well-entrenched presence in the eastern region are positives for this company. At ...
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IPOS
Manaksia to expand metal biz, prepay term debt thru IPO
Kolkata, Dec. 15 Manaksia Ltd expects to raise around Rs 248 crore through a follow-on net public issue (of 1,54,00,000 shares of Rs 2 each for cash at a price band of Rs 140-Rs 160) to expand its metal business (Rs 115.5 crore capex ...
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OUTLOOK
Nifty future may see downward pressure
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Index Outlook
Sensex had to toil hard to reach a new all-time high of 20498.11 last week. The rally in the Indian markets has become so broad-based that the pivotals have been elbowed aside by the little ones. But it is difficult to see the benchmark making ...
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What’s Ahead
Investors should keep a close watch the small and mid-cap space as their rally may continue on momentum buying. After the US Fed reduced its Fed Funds rate by 0.25 per cent, attention has now shifted towards the next Bank of Japan meeting of ...
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