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MARKETS
INVESTMENTS:
LIC makes Rs 2,800 cr from equity market in 3 months
Sells 35% in MF to Nomura for Rs 308 cr. Mumbai, July 11 The country’s largest domestic institutional investor, Life Insurance Corporation of India, has booked a profit of Rs 2,800 crore through its investments in the equity market in the ...
MUTUAL FUNDS:
Keeping up with difficulty
Equity funds in January-June 2009. Six months may be too short a time to judge a fund’s performance, given that equity mutual funds are intended to be long-term products. But the last six months in the stock market have been so ...
OUTLOOK:
Index Outlook — Poised on the brink
The Union Budget for 2009-10 was definitely not scary enough to make equities fall off a cliff the way they did. Though the packaging of the Budget and missing road-maps caused a great deal of consternation among market participants, the ...
RECOMMENDATION:
Power Grid Corporation: Buy
Investors can consider buying the stock of Power Grid Corporation (PowerGrid), the central transmission utility that carries 45 per cent of power generated in the country. The key positives for the company arise from the favourable CERC ...
RECOMMENDATION:
Hindustan Unilever: Book Profits
Having gained 21 per cent since January 2008 even as the Sensex plunged by over 20 per cent, Hindustan Unilever (HUL) is a rare Indian stock that bucked last year’s bear ...
RECOMMENDATION:
Andhra Bank: Hold
Shareholders with a two-year time horizon can stay invested in Andhra Bank stock as the bank, which posted a robust business and advances growth in the last few years is expected to maintain its momentum, going forward. At the current ...
RECOMMENDATION:
Madras Cements: Book Profits
The Madras Cements share has run up nearly 53 per cent to the current price of Rs 101, from the time we gave it a “Hold” rating in February. At this price, the stock trades at a price-to-earnings ratio of seven times. Though not at ...
RECOMMENDATION:
Television Eighteen India (Rs 85.7): Sell
Investors with medium-term perspective can consider selling the stock of Television Eighteen India. Since the January 2008 peak of Rs 599, the stock has been on a long-term structural downtrend, forming lower peaks and troughs. This ...
RECOMMENDATION:
HSBC Progressive Themes Fund: Reduce
Investors can consider reducing their exposure to HSBC Progressive Themes Fund (formerly HSBC India Advantage Fund). Due to ill-timed sector shifts that did not allow it to capitalise on the recent rally, the fund trailed its benchmark BSE ...
RECOMMENDATION:
Principal Junior Cap: Hold
Principal Junior Cap’s return of 63 per cent in 2009 places it among the top five in the performance chart of diversified equity funds on a year-to-date basis. The one-year return too, is a good 12 per cent, making the Sensex’s ...
MUTUAL FUNDS:
After the Election…
What they bought and sold
An election and a Budget later, the market appears to be heading back to its one-month ago levels. The period in between, however, was marked by high liquidity, what with foreign investors pumping in over Rs 3,830 ...
STOCKS:
Query Corner: What the charts say
Please advise me on the technical outlook for United Phosphorous and Essar Oil purchased at Rs 172 and Rs 198 respectively? Rajesh ...
MUTUAL FUNDS:
A range to choose from
If you looking to buy the equity funds that delivered the best returns this year, it may be best to have a rethink, for you shouldn’t be going by such a short return record. Funds which delivered the top returns over the past six months ...
STOCKS:
BHEL, NPCIL looking to rope in third partner for N-plant biz
To divest equal stake; new partner to be announced by month end. Mumbai, July 11 Bharat Heavy Electricals Ltd (BHEL) and Nuclear Power Corporation of India Ltd (NPCIL), which have a joint venture for undertaking engineering, procurement, ...
INVESTMENTS:
Strategy of balancing profitability and growth
ULIPs have performed better with the turnaround in the markets in the last few months, says Mr Sashi Krishnan, Chief Investment Officer, Bajaj Allianz Life Insurance. In an interview with Business Line, Mr Krishnan ...
STOCKS:
Reliance (Rs 1,778.4)
RIL went in to a free fall last week and closed 12 per cent lower. It has already achieved our first medium-term target of Rs 1,750. Failure to move above Rs 1,900 next week would mean that it would move down to our next medium-term target of ...
OPEN OFFERS:
ABG likely to revise Great Offshore offer price
ABG Shipyard Ltd is likely to revise its offer price for Great Offshore next week, after Bharati Shipyard hiked the open offer price to Rs 405 a share from Rs 403. A source said an announcement is expected to be made early next week. ...
INVESTMENTS:
Periodic saving pays
Mr Gajendra Nagpal, founder and Chief Executive Officer, Unicon Financial Intermediaries, talks to Business Line on what young people should watch out for, while investing. Prior to founding Unicon, Mr ...
STOCK MARKETS:
Price rate of change
Price rate of change (ROC) oscillator measures the velocity of price movement. It is a simple yet effective indicator that gives investors prior warning about impending change ...
INVESTMENTS:
Savings need a systematic approach
On June 14, in an article titled “Savings are not equal to investments: Need for financial literacy”, this column discussed the misconception that most aspiring high net worth individuals hold regarding savings and ...
MUTUAL FUNDS:
Fund Talk
I am 34 years old. I have been investing in mutual funds through SIPs for the last three-and-a-half years. I would like you to go through it and suggest the future course of action as I find my funds to be lagging the market. ...
NEW FUND OFFER:
Update
Franklin Templeton Investment India has launched Franklin Build India Fund, an open-ended equity scheme. The scheme will invest in stocks of companies engaged either directly or indirectly in infrastructure-related activities. ...
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
Subscribe to: Business Line
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