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INVESTMENT WORLD
INVESTMENT QUOTIENT
Investment Quiz
INSIGHT
Mobile services — The market buzz gets louder
LABEL it India Calling, if you will. Riding on the entry of Reliance Infocomm and increasingly aggressive marketing pitch by Bharti and Hutch, the attractive plans, more affordable denominations in the pre-paid ...
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Senior citizens savings scheme — Poor substitute for Varishta Bima
The newly introduced senior citizens savings scheme is a poor substitute for Varishta Bima Yojana. The scheme also favours senior citizens with higher surpluses. Innovative ways involving equity market investing could have been explored.
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Market drivers: Good, bad and ugly
The auto and engineering sectors continue to exhibit buoyancy. But the worrisome trend in the monsoon, stiff oil prices, a possible rise in interest rates and FII flows that have slowed over the past two months are negatives that may lead to a modest year for equities.
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Software earnings: Firing on all cylinders, but...
INFOSYS Technologies, the IT bellwether, has launched into 2004-05 on a rollicking note. Buoyed by a strong double digit quarter-on-quarter revenue and post-tax earnings growth in the first quarter, Infosys has revised ...
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MUTUAL FUNDS
HDFC Capital Builder Fund: Hold
AFTER hovering in the shadow of its better performing counterparts until 2002, the HDFC Capital Builder Fund has outpaced the majority of its peers over the past six months. The fund's focus on mid-cap and small-cap ...
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SBI Magnum Equity Fund: Hold
INVESTORS can hold on to their units in SBI Magnum Equity Fund. While the fund's performance had slipped following the burst of the IT bubble, a restructuring of its portfolio in the last two years appears to have had a ...
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Canbank MF acquires GIC MF
Canbank MF has acquired GIC MF. The buyout is estimated to add Rs 100 crore, spread over five schemes, to the former's asset base. Prudential ICICI MF is set to launch Prudential ICICI Discovery Fund, an open-ended equity fund. The ...
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Kotak 30
THE stocks of Hero Honda, Oriental Bank of Commerce and Infosys were the only additions to the portfolio of Kotak 30 in June. The stock of Hero Honda now figures in the top ten holdings of the fund. The fund has also completely liquidated its ...
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STOCKS
Infosys Technologies: Hold
A SHARP upward revision in revenue and per share earnings guidance for 2004-05 has been a big surprise in the earnings announcement of Infosys Technologies for the first quarter ended June 30, 2004. Setting the ...
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Gujarat Gas: Hold
SHAREHOLDERS can continue to hold on to the Gujarat Gas stock while fresh investment, with a long- term perspective, can be considered at declines from the current levels. After a sharp growth in 2003, the company is ...
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UTI Bank: Buy
FRESH investments can be considered in the stock of UTI Bank. The stock trades at a price-to-earnings multiple of about 10 times its earnings for the year ended March 2004. Given the growth recorded by the bank ...
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Supreme Industries: Hold
SHAREHOLDERS may continue to retain their holdings in the stock of Supreme Industries (SIL). The company's diversified portfolio of products, better geographical reach and improving financial performance augurs well for ...
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Container Corporation: Buy
EXPOSURES can be considered in the stock of Container Corporation of India (Concor). Considering the future one- and two-year per share earnings, the stock is attractively valued. Factors that could drive earnings ...
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ITC Hotels: Buy
INVESTORS with an appetite for risk can consider taking exposure in the stock of ITC Hotels at Rs 137. The prospects for the industry in the medium-term appear bright, with India gaining prominence as a tourist ...
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Super Spinning: Buy
INVESTORS can consider fresh exposures to the stock of Super Spinning. At a price of Rs 128, the stock is attractively valued. Super Spinning, part of the Elgi group of companies, is a dominant cotton yarn player in the South. The company has, ...
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Shanti Gears: Buy
AT Rs 325, the stock of Shanti Gears trades at eight times its trailing 12 month per share earnings. Considering the impressive growth recorded by the company over the past 12 quarters and the expected growth, valuations appear attractive. One ...
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TECHNICAL ANALYSIS
Positive short-term trend in Nifty
Preferred view: The price action last week was not much different from the trend witnessed in earlier weeks. The characteristic yo-yo price action was apparent this week as well. After weakness on a couple of days, the index recovered ...
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Pivotals waiting for breakout
ONGC (Rs 668): The price movement last week continued to be within the boundaries of the narrow trading that the stock has been confined to in earlier weeks. A sharp move would emerge only when the share price breaks out of the trading ...
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Query corner
With the imminent abolition of the quota regime for the textile industry from January 2005, is it the right time to buy Arvind Mills and Vardhman Spinning? — Tarun K. Gupta & Chandar Vardhman Spinning (Rs 177.8): The ...
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Focus of the week
Premier Instruments (Rs 29.8): The company is popularly known as Pricol. The near-term outlook appears positive. A move to the Rs 38-40 range appears likely. Fresh buying may also be considered with a stop-loss at Rs 25. Partial profit ...
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TWO/THREE WHEELERS
Question 'n' Auto
I want to buy a bike and am considering the Hero Honda Ambition 135, TVS Fiero F2, Bajaj Pulsar 150 or 180 and the Hero Honda CBZ. Can you compare these bikes keeping in mind their performance, style/ design, comfort, power, control, cost, ...
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HARDWARE
Dell cuts PC, notebook prices
DELL has slashed the price of its PCs and notebook computers by six per cent. A Dell OptiPlex 170L with a 2.80-GHz Intel Pentium 4 processor, 128MB of memory and a 40-GB hard drive now costs Rs 43,071 (against Rs 45,820 ...
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LIFE INSURANCE
Bima Nivesh 2004
LIC's Bima Nivesh — discontinued in March — has been re-launched in a new avatar. Though it continues to be a single-premium policy, considerable changes have been made in such features as guaranteed ...
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GENERAL INSURANCE
Protecting your health
CRIPPLING medical conditions are the last thing that we want to think about, until, that is, we are faced with one. The massive cost of treatment is a double-whammy for many who already have to contend with the illness. For instance, ...
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ECONOMICS
The trickle-down effect
A RECENT article in Business Line welcomed the Finance Minister's decision not to cut taxes to promote economic growth. The argument was that such supply-side economics does not spur growth in India. What is ...
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STOCK MARKETS
Earnings numbers provide fillip
The first earnings season for the year started with a bang after Infosys reported impressive numbers. This was followed by a number of manufacturing companies in the small and mid-cap segment recording good growth. Companies that had a good ...
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DERIVATIVES MARKETS
Range-bound movement likely
IN line with our prediction, the market started trading last week on a weak note. Equities recovered during the later part of the week to end on firm terrain. Trading activity, which had been affected in the preceding week by the introduction ...
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Options: Price, calculation and benefits
Using futures/options
Futures guide
Options guide
CREDIT CARDS & DEBIT CARDS
Co-branded airline cards
THE frequent traveller has a lot to cheer about these days. Not only have fares become cheaper, but a number of co-branded credit-cards have been introduced in the past two years that make travel even more affordable ...
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FIXED DEPOSITS
Wheels India: In control
THE fixed deposit programme of Wheels India is open for fresh investment and renewal. At Rs 21,000, the minimum deposit amount is higher than the average for corporate FDs. While the rates offered for the one- and ...
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INTERVIEW
`Power trading will take 5-6 years to develop'
Power Trading Corporation, the first company in India to start trading in power, has a number of hurdles ahead. Still in its nascent stage, the power trading business has miles to go before it develops into a mature one. Faster ...
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INCOME TAX
Husband and wife on a second house hunt
I OWN a flat in Mumbai which is registered jointly in my name and my wife's. The loan taken for this purpose is in our joint names as well. Both myself and my spouse are working. Would it be possible for us to claim ...
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Two houses in two cities
I OWN a house in Delhi. There are no loans outstanding on this house. I now plan to take a housing loan and purchase a house at Bangalore, which I propose to occupy. I do not intend either to sell the house in Delhi or ...
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BOOKS
Trading is like a Grand Prix
FROM a Tokyo coffee shop or a Thai beach, from a German beer hall or a New York office, from "practically anywhere in the world" investors can make and lose money at the click of a button, writes Mark Mobius in his ...
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CARTOON
Shortsell
"I owe all my knowledge to the Sensex. It's the one that drove me to philosophy."
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