INVESTMENT WORLD
INSIGHT
Foreign shareholdings in India Inc — Tugging at market strings
THE rush of foreign funds into the country last year and the subsequent rally in the bourses have created the impression that increased foreign investment could be the propelling force behind an active stock ...
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Long-term debt investing — A case for lowering costs
The existing cap on fund management costs may need revision for long-term debt investing. Regulations now allow costs to rise in a linear fashion in line with growth in assets under management. That may be inappropriate and will drag down returns for investors.
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The ONGC share allotment fiasco
CONSIDER this. "X", promoter-shareholder in X Ltd, a listed company, makes a public offer to sell a part of his shares through the book-building route. He sets himself a deadline of 15 working days from the date of ...
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Crisil: A compact but powerful research house
THE change in name to Crisil, symbolising that it is no longer just a credit-rating company, happened only in December 2003. The morphing into a multi-faceted, diversified company was, however, long in the making. ...
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MUTUAL FUNDS
Reliance Vision Fund: Invest in phased manner
INVESTORS with a penchant for high risk can contemplate exposures in Reliance Vision Fund. It has a good track record, especially over the past three years. The fund is aggressively managed and has taken advantage of ...
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Franklin India Prima Plus: Invest in phases
THOUGH less clearly focussed than the large-cap Bluechip Fund or the mid-cap oriented Prima Fund, Franklin India Prima Plus has a reasonable track record over a five-year period, with a compound annual return of about ...
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UTI Pharma and Healthcare Fund
A REDUCTION of exposures across all the frontline MNC pharma companies operating in the domestic market marks the only significant change in the portfolio of the UTI Pharma and Healthcare Fund. The constituents of the fund have remained the ...
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Fund talk
STOCKS
Pidilite Industries: Hold
SHAREHOLDERS can retain their holdings in the stock of Pidilite, the dominant player in the adhesive and the sealant market. Since the earlier buy recommendation on the stock in December 2002 when the stock was trading ...
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Colgate-Palmolive India: Pare exposures
VOLUME growth in the toothpaste segment has picked up, after price cuts of 17-20 per cent on the major brands taken earlier this year. But as FMCG majors such as Colgate-Palmolive India (Colgate) embark on a strategy ...
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Vardhman Spinning: Buy
INVESTORS can consider taking exposure in Vardhman Spinning. Robust demand from fabric manufacturers and garment exporters; WTO-linked industry-level changes — the phasing out of the Multi-fibre Agreement (MFA) ...
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Zee Telefilms: Book profits partially
SHAREHOLDERS of Zee Telefilms can consider using the recent spurt in the stock price as well as any uptrend in the homestretch to the earnings announcement to book profits on a part of their holdings. They may hold to ...
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Crisil: Hold/Buy on declines
CRISIL shareholders can continue to hold the stock, which now trades at Rs 480, at a price-earnings multiple of nearly 18 times its earnings per share for the 12-month period ended December 2003. There is the ...
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MphasiS BFL: Banking on BPO
FRESH investments can be considered in the stock of MphasiS BFL. The stock is emerging as one of the attractive exposures to the growing business process outsourcing sector. The stock trades at a price to ...
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TECHNICAL ANALYSIS
Query Corner
We purchased Rain Calcining at Rs 20.5 and Tata Teleservices at Rs 20.1. What is the long-term outlook and should I exit in the next uptrend? — Yashpal Arya & C.P. Bhartia Rain Calcining (Rs 16.9): As observed earlier ...
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Indices in indecisive zone
Preferred view: The market action last week does not throw up any significant pointers towards the overall market trend. The crucial question whether the correction that commenced in early January is over or not remains still unanswered. ...
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Reliance in consolidation mode
Wipro (Rs 1463.9): Last week's bullish stance was vindicated by the firm trend in the stock in the past few trading sessions. The announcement of the bonus issue imparted positive sentiment on Thursday. This helped the stock move past the ...
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Focus of the week
KEC International (Rs 89): The stock was covered a couple of weeks ago and it has already moved closer to the first target zone of Rs 96. A move past Rs 100 would push the stock into a new bull orbit. The price could then move to the Rs ...
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TWO/THREE WHEELERS
TVS Centra: Mileage from technology
FOR nearly a decade now, the Hero Honda Splendor has dominated the 100cc motorcycle segment. After pioneering the launch of four-stroke two-wheelers, when the other two-wheeler manufacturers did not see a future for ...
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Question `n' Auto
I plan to buy a new bike and am confused as there are so many in the market. I am more interested in mileage and looks than pick-up and power. The maintenance costs should also be reasonable. Which bike do you think will be the best ...
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LIFE INSURANCE
INSURANCE CORNER
SBI Life's Housing Loan Cover Plan
WITH interest rates on housing loans quoting at competitive levels, buying a house has become all the more affordable in recent times. While this may ensure that most people realise their long-cherished ambition of ...
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STOCK MARKETS
Sweet run for sugar stocks
SUGAR stocks have had a sweet run during the last week. Both top and the second-rung stocks figured among the largest gainers during the week. A host of sugar stocks, such as Balrampur Chini, Bannari Amman Sugars, Ponnie Sugars, Dhampur ...
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DERIVATIVES MARKETS
Uptrend in ICICI Bank
MUCH of the action in the previous week has been in the contracts of the bank stocks. A substantial build-up in open interest is seen in April futures of ICICI Bank, Union Bank of India, Bank of Baroda, Canara Bank and Andhra Bank. Trading ...
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Nifty may tread on negative terrain
THE outlook for the Nifty is negative for the week ahead. Indicators and movements in the index viewed in conjunction with changes in open interest indicate that the Nifty may remain weak. The patterns in open interest show that there is still ...
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Using futures/options
I have bought Union Bank April call at a premium of Rs 3.90. Please clarify the following doubts regarding this transaction. 1) How to exercise the option? 2) Whether I have to inform the broker, before or after the trading hours. 3) How and ...
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Options guide
Futures guide
CREDIT CARDS & DEBIT CARDS
BANKING PRODUCTS
ICICI Bank's Visa Mini Card
SMALL is supposed to be stylish, whether you are in the market for a cellular phone or a palmtop. If you are a 20-something who likes to shop and hang out in the happening places, the mini card now being vended by ICICI ...
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ESOPS
On stock option and employee stock ownership plans
SATYAM Computer has informed the stock exchange that it has allotted shares under the stock option plan. We often use stock option and employee stock ownership plans in the US (popularly called ESOPs) interchangeably ...
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FIXED DEPOSITS
Sundaram Home Finance: For a short stay
THE fixed deposit programme of Sundaram Home Finance (SHFL) is open for investment. The rates are higher than that offered by HDFC and CanFin Homes. The company's fundamentals are strong. Being a housing finance ...
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INTERVIEW
`Crisil has been able to differentiate itself'
These are exciting times at Crisil. The cash-rich company has just made three acquisitions in 2003-04. The company is also keen on leveraging its research capabilities. The top management at Crisil think that the company has the right business ...
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INCOME TAX
Second house on wife's land
I AM employed in a nationalised bank. I had taken a housing loan from my employer bank in 1987 and constructed a house which is self-occupied. I have now taken another housing loan of Rs 5 lakh from my employer bank, ...
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Remedy for a double loss
I AM A teacher. I have taken a housing loan from Shikshak Pat Sanshta. I had claimed interest on the loan as a deduction and also claimed rebate under Section 88 on the principal repayment. The house is self-occupied. ...
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IPOS
Datamatics Technologies: Invest
The high attrition rates, outsourcing backlash, rupee appreciation and intense peer competition are challenges facing the company.
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BOOKS
You don't have to win every lap to win the race
THE intro does not mince words: "No investment organisation in the world has ever done so well for so long for so many clients." Which one? "It is one of the world's largest investment management organisations, ...
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