The Hindu Business Line : Sunday, June 06, 2004

Auto sector: Driven by demand
AUTO sector stocks were the darlings of the market during the bull run of 2003-04. Investor interest in auto sector stocks was widespread and companies that were even remotely associated with the automobile industry ... More

How will the biggies fare?
HAS the recent fall in stock prices of passenger vehicle manufacturers made them attractive again for investors looking for a bargain? The answer clearly lies in the long-term prospects of the three listed passenger ... More

Between now and the Budget...
... What will happen to the market?
It is likely that several pending policy decisions in different sectors will come up for review. Given the hardline approach of some of the coalition partners, the approach to policymaking will be closely watched by the market. More

Numbers point to cheap valuations
IN THE aftermath of the September 11 disaster in 2001, stock prices sank across the globe. While markets are traversing a higher orbit now in terms of index values, the ruling valuations are comparable to the uncertain ... More

MUTUAL FUNDS

Birla Dividend Yield Plus: Hold
INVESTORS in Birla Dividend Yield Plus can retain their investments in it. A fund that invests in high dividend yield stocks should, in theory, weather the market downside better than funds that do not have such an ... More

DSP ML Top 100 Equity Fund: Hold
INVESTORS can hold onto their units in DSP ML Top 100 Equity Fund. The fund has performed steadily since its launch in February 2003. However, fresh investments can be considered after evaluating it over a longer ... More

PORTFOLIO MOVES
UTI Grandmaster fund
THE addition of Cipla to the holdings in pharmaceutical stocks, and exit from Gillette and Canara Bank are the main changes in the portfolio of UTI Grandmaster fund in April. The pharmaceutical sector continues to be the largest holding of the ... More

Standard Chartered to launch fund of funds scheme

Fund talk

STOCKS

Bajaj Auto: Book profits
TWO-WHEELER major Bajaj Auto reported a 14 per cent increase in turnover and 38 per cent increase in post-tax earnings for 2003-04. A shift in product mix in favour of higher-valued motorcycle models and growth in ... More

Dr Reddy's Labs: Cut exposures
SHAREHOLDERS of Dr Reddy's Laboratories can consider cutting exposures in the stock, in the light of the not-so-impressive performance for the year ended March 2004. The stock has shed more than 10 per cent since its ... More

Hindustan Sanitaryware: Hold
SHAREHOLDERS can retain their holdings in the Hindustan Sanitaryware and Industries (HSIL) stock. Though the boom in the housing sector and improving fundamentals is a good sign, earnings growth will depend on how ... More

Punjab Tractors: Hold
PUNJAB Tractors Ltd's (PTL) performance in the fourth quarter of 2003-04 clearly reflects the turnaround in the tractors industry which was languishing in a demand recession for the last two years. The doubling of ... More

EID-Parry: Buy
THE spin-off of EID-Parry's farm inputs division to Coromandel Fertilisers has turned out to be a winning proposition for both the companies involved in the restructuring, even in the short term. Coromandel Fertilisers ... More

Hindalco Industries: Long-term buy
IN a volatile market, Hindalco Industries represents a good investment option for investors with a long-term perspective. The stock has recovered by nearly 13 per cent from the low touched on May 17 compared to the Sensex, which rose by 8.5 per ... More

Hexaware Technologies: Buy
INVESTORS can consider taking exposure in the Hexaware Technologies stock, especially on declines linked to the broad market. At the current market price, the stock trades at a stiff price-earnings multiple of 17 ... More

TECHNICAL ANALYSIS

Near-term trend appears bleak
Preferred view: After the post-election-results-carnage, the stock market has, by and large, remained range-bound. The decline from the recent high of 1912, however, does not appear complete as yet. The near-term trend appears weak. A drop ... More

Focus of the week
Hughes Software (Rs 517): The short-term outlook for the stock is positive. A move past Rs 530 would have positive implications and could push the stock up to the Rs 565-570 range. Remain invested with a stop-loss at Rs 480. A drop below ... More

Positive outlook for Tata Motors
ONGC (Rs 651): Along with the other key stocks, the share price of ONGC, too, has taken a knock over the past few weeks. Though the stock could see some buoyancy in the near term, there is a risk of a drop to the recent low of the Rs ... More

Query corner
I bought shares of Bharti Tele at Rs 176 and Biocon at Rs 659. Please advise me about the prospects. — V.S. Chakravarthy. Bharti Tele (Rs 132.7): The ability of the stock is hold above Rs 125 would be the key factor ... More

CARS

Question `n' Auto
I want to upgrade from my Maruti 800 to a B-segment petrol car. My options are Maruti Zen, Fiat Palio 1.2, Tata Indica or Hyundai Santro Xing. I am in my 60s and need the car for city driving and occasional out- of- town travel. I am thinking ... More

FINANCIAL SERVICES

Smartsave Gold from Global Trust Bank
TIRED of savings accounts that offeryou only a small return? Maybe it is time to check out some of the special savings accounts now available. For instance, Smartsave Gold from Global Trust Bank. This savings ... More

INTERVIEW

`MIP will definitely deliver better returns' — Mr Nandkumar Surti, Head-Fixed Income, JM Mutual Fund
`As an asset class, MIP should be doing well. With a one-year perspective, if you have to choose between income and MIP, the latter will certainly deliver better returns.' More

SHOPPING

Squeeze more value from your grocery budget
HAVE you clamped down on your weekend family outings to FoodWorld so that you can free up some cash to meet those looming house and car loan instalments? Maybe you can begin making those trips again. With some informed shopping and a bit of ... More

HOUSING FINANCE

Corporation Bank cuts home loan rates

CONSUMER FINANCE

Loan for LPG connection

LIFE INSURANCE

LIC Jeevan Anand
LIC's Jeevan Anand incorporates the features of both an endowment and a whole life policy. Let us examine the features. How the plan works As in the case of a regular endowment plan, ... More

FINANCIAL MARKETS

Catallaxy and free markets
PEOPLE like free market. They believe that the new government will not encourage free market. That is one reason they hammered stock prices after the election results. But what is free market? It essentially refers to ... More

DERIVATIVES MARKETS

Nifty put/call ratio increases
CONTINUING the recent trend, trading activity at the derivative segment on the NSE declined last week also; the average daily volume was Rs 7,446 crore against the previous week's average daily turnover of Rs 9,644 crore amidst increased ... More

Using futures/options
I want to know how and when we can use option strategies such as spreads? — Rakesh Kumar Singhal A number of strategies involving spreads can be used. The combinations are almost limitless. We will feature three of them: Bull, ... More

Options guide

Futures guide

FIXED DEPOSITS

Fenner India: Not sealed
THE fixed deposit programme of Fenner India, an associate company of J. K. Organisation, is open to investment. The company's fundamentals are encouraging. The one-year interest rate is quite attractive compared to ... More

SBT revises NRE deposit rates

INCOME TAX

From Nepal to Canada, and now to Indian taxation
I HAVE been a non-resident in India in accordance with the Income-Tax Act since 1998. I had been working in Nepal with an international organisation from 1998 to 2002 and since then I have been working in Canada. My ... More

One-way ticket back home
I HAVE been in Europe for the past three years and eight months and I am planning to return to India now. Will I be treated as a resident but not ordinarily resident under the Income-Tax Act? If I keep the funds I ... More

RIGHTS ISSUES

Texmaco India: Invest
Considering the impressive turnaround, efforts at diversifying the customer base and attractive valuation, the Texmaco stock could outperform the market. More

BOOKS

Don't confuse luck for skill
THE next best thing to giving you a money-tree will be to tell you how to plant and nurture one. There's money to make in the markets, and if you're reading these pages, you already know that. "Trading is all about ... More

INVESTMENT QUOTIENT

Investment Quiz

POWER

Tamil Nadu cuts power tariffs

CARTOON

Shortsell
More

NEW PRODUCTS & SERVICES

CT 100 from Bajaj
BAJAJ Auto has rolled out CT 100, a new four-stroke motorcycle. Priced at Rs 31,490 (ex-showroom, Chennai), the two-wheeler features an 8.2 bhp engine and carries a two-year warranty. BL Research ... More

NSDL offers PAN cards

New products from AMP Sanmar

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Focus of the week

Squeeze more value from your grocery budget

Auto sector: Driven by demand

Numbers point to cheap valuations

Between now and the Budget...
... What will happen to the market?

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