MARKETS
STOCKS:
Realty check: Concerns overlooked?
The realty sector has been the star of the recent stock market recovery. The most battered in the 2008 fall, it is a sector on which domestic brokerages, fund managers and private equity investors were uniformly bearish, even as late as March ...
OUTLOOK:
Floundering at 15000
After the fantastic journey from 8000 to 15000 in three months, Sensex appeared a little lost last week. News flow drying to a trickle and ambling ways of other equity markets could have contributed to this indecisive state. Further, ...
RECOMMENDATION:
C&C Constructions: Buy
Investors with a long-term horizon may capitalise on attractive valuations to buy into the stock of construction contractor C&C Constructions. Currently trading at Rs 181.5, the stock is valued at 8 times its trailing four-quarter ...
RECOMMENDATION:
Bajaj Auto: Book profits
Investors holding the Bajaj Auto stock can consider taking profits at the current price levels. The stock has run up quite sharply from its low of Rs 294 in December 2008. Trading at Rs 1133, the trailing price-earning ratio for the stock is ...
RECOMMENDATION:
Jagran Prakashan: Hold
Investors may retain their shares of Jagran Prakashan, the top newspaper in the ‘Hindi-heartland’, considering its ability to monetise its leadership status in garnering greater advertisement revenues along ...
RECOMMENDATION:
Kaveri Seed Company: Buy
A small-sized company with a sizeable portfolio of sunflower, maize, cotton, and paddy hybrids, Kaveri Seed has sustained strong financial performance since its IPO in September 2007. The per share earning for the past year now stands at Rs ...
RECOMMENDATION:
Tanla Solutions (Rs 76.9): Buy
Investors with a medium-term standpoint can consider buying Tanla Solutions. The stock was on a structural down-trend from its lifetime high of Rs 410 recorded in January 2008. This move was arrested at Rs 21 in March. The prolonged ...
RECOMMENDATION:
Sundaram BNP Paribas Select Midcap: Invest
Investments can be considered in Sundaram BNP Paribas Select Midcap Fund considering its creditable performance over a five-year period. During this period, the fund has delivered a compounded annualised return of 37 per cent and outpaced ...
RECOMMENDATION:
IDFC Classic Equity Fund: Hold
Unit holders with a low-risk appetite can retain their exposure to IDFC Classic Equity ...
MUTUAL FUNDS:
It’s party time now
Mid-cap funds. Funds that focussed on mid-cap stocks have generated good returns in absolute terms over the past three months starting ...
DERIVATIVES MARKETS:
Backspreads: Attractive for discerning traders
Traders are increasingly using options to take a view on the underlying security or market. The problem, however, is that options expire worthless if the underlying does not move enough within the contract ...
INVESTMENTS:
‘Debt investors becoming credit conscious’
Investors who chased super-normal returns on gilt and long-term debt funds by betting on them in January must now be a disappointed lot. Their returns are in the low single-digits and equity NAVs have zoomed! But the ...
STOCKS:
Query Corner: What the charts say
What are the medium and long-term prospects of Reliance ...
STOCK MARKETS:
Interpreting RSI
Since most of us now generate RSI with our computer software, the rigour of manually calculating the RSI can be dispensed with. It would suffice to understand that RSI judges the strength in the prevailing trend by tracking the gains or ...
STOCKS:
Tata Steel (Rs 463.9)
Tata Steel led the market forward last week with a 14 per cent gain. The stock moved slightly above our second medium-term target of Rs 487 to peak at Rs 496. There could be a short-term correction to Rs 448 or Rs 416 in the near term. ...
STOCKS:
Reliance (Rs 2211.8)
RIL moved in line with our expectation, reversing below the resistance indicated last week thus highlighting the weak outlook for the short-term. The stock can decline to Rs 2094 or Rs 2066 in the near-term and a close above Rs 2343 is needed ...
E-COMMERCE & E-BUSINESS:
SBT unveils online trading facility
State Bank of Travancore (SBT) has launched ‘eZ Trade’ (easy trade) to facilitate online trading in shares and securities for personal segment customers. The product, designed in association with SBI and SBICAP, features a highly ...
STOCKS:
Maruti Suzuki (Rs 1082.7)
Maruti recorded yet another spurt last week that made it rally above our medium-term target of Rs 1100 to peak at Rs 1113. The stock is halting at the upper boundary of the trend-channel that is enclosing the stock’s movement since ...
STOCKS:
State Bank of India (Rs 1817.9)
SBI reversed lower from an intra week peak at Rs 1935 to close with 2.7 per cent weekly loss. The stock is currently pausing at the key intermediate-term resistance at Rs 1827. A reversal from here can drag the stock lower to Rs 1537 or Rs ...
STOCKS:
Infosys (Rs 1690.5)
Infosys moved in line with our expectation and rallied to the intra-week peak of Rs 1706. But the stock is pausing below this resistance. The near-term view will be ambivalent as long as the stock remains at these levels for a move above Rs ...
STOCKS:
ONGC (Rs 1180.6)
ONGC is currently in a short-term correction that is making the stock move in the range between Rs 1140 and Rs 1220. Short-term investors can buy on declines with a stop at Rs 1085. The stock can move higher to Rs 1257 or Rs 1340 in the ...
STOCK MARKETS:
Don’t get carried away by forecasts
The equity market continues to surprise investors, both pleasantly and otherwise. In the last two years, the market first lulled investors into believing that what was near 21,000 would become 25,000 soon and 30,000 in no time. And then came the ...
REGULATORY BODIES & RULINGS:
SEBI bars 8 entities
Mumbai, June 6 SEBI has barred eight entities from accessing the securities market until further orders, following an investigation into their fraudulent dealings in the shares of RTS Power Corporation Ltd early this ...
STOCK MARKETS:
Sideways movement seen for Nifty futures
Bulls appeared to have put in yet another irrefutable performance last week with the Nifty June futures gaining by over 3.5 per ...
OUTLOOK:
Market Outlook
India’s infrastructure programme took a back seat due to poor implementation, change in focus to more social programmes with the elections in mind, and coalition partners who derailed the process. We believe that the new government will ...
NEW FUND OFFER:
Update
Edelweiss Mutual Fund has launched Edelweiss Nifty Enhancer Fund, an open-ended equity scheme. The fund will be invested in Nifty derivatives and will look to enhance returns by effectively investing in other available low ...
Columnists:
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Harish Bijoor
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Ramanujam Sridhar
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S Ramesh Kumar
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Radhika Chada
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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