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INVESTMENT WORLD
INSIGHT
FMCG stocks: No longer for defensive investors
NOT so long ago, stocks of companies making fast moving consumer goods were the kind you would unhesitatingly put in your retired father's portfolio. With their predictable numbers, overflowing cash chests and fancy ...
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Interest rate spikes — Stay alive to bigger hike
A larger rise in interest rates may be on the cards now that inflation is threatening to stay firm. Retail lending rates may rise sooner. As for investment, a portfolio of small savings and mutual funds should help you deal with interest rate uncerta inty.
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MUTUAL FUNDS
UTI Master Value: Book profits
INVESTORS can book profits on UTI Master Value Fund. The fund's performance over the past year has not been impressive vis-à-vis its benchmark as well as its peers. It has underperformed its benchmark, CNX Midcap ...
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SPOTLIGHT
HDFC Tax Plan 2000: Buy in phased manner
AN impressive track record and thrust on mid-cap stocks that have the potential to deliver higher returns make HDFC Tax Plan 2000 an appealing investment option. We believe the portfolio has the potential to deliver ...
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DSP ML Equity Fund
AN exit from the stock of Biocon and the addition of the stock of L&T to the community of construction and engineering stocks, are the major changes in the portfolio of DSP ML Equity Fund in June. The fund has turned in a compounded return of ...
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More schemes from ABN Amro
ABN Amro Asset Management is set to launch its first four funds. These include an equity fund, a monthly income plan, a dynamic debt fund and a floating rate fund. The offer for all funds open on August 9 and closes on September 3. The ...
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Fund talk
STOCKS
ONGC: Buy
HIGH oil prices may be bad for the economy but one company is certainly not complaining — Oil and Natural Gas Corporation (ONGC). The company is a big beneficiary of the prevailing regime of high global oil ...
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GlaxoSmithKline Pharma: Buy
EXPOSURES can be considered in the stock of GlaxoSmithKline Pharma at the current price of about Rs 600; the reiteration of our `buy' recommendation represents a continuation of the stance we have held on the stock ...
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EID Parry: Buy
AT the current price of Rs 245, the EID Parry stock may be a good addition to your portfolio. At a price-earnings multiple of about 8 times its trailing 12-month earnings, the stock trades at a discount to some of the frontline sugar companies. ...
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Exide Industries: Buy
LONG-TERM investors may include Exide in their portfolio. Strong fundamentals, dominant position in the industry and the recently-commissioned capacity expansion projects are the major positive features from an ...
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ICICI Bank: Buy
FRESH investments can be considered in the stock of ICICI Bank. The stock is now trading at a price to book value of less than 2 times. The valuation is attractive considering its profitability. ICICI Bank is also in a better position to take ...
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Gujarat Ambuja Cements: Buy
AN INVESTMENT can be considered in the stock of Gujarat Ambuja Cements. As cement prices show signs of remaining stable at higher levels compared to the past few years, the earnings growth is likely to be healthy. The ...
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Nagarjuna Construction: Buy
INVESTORS can consider taking fresh exposures in the stock of Nagarjuna Construction Company. The robust order-book position, the focus on infrastructure projects and improving fundamentals augur well for the ...
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Raymond: Hold
A leader in the premium fabric market, Raymond is emerging as a garment player to reckon with. Its wide presence in the export market makes it a strong contender in the race to gain global market share in clothing, post-2005.
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TAXATION
House leased and furnished at company cost
I WORK in a private limited company and my salary is around Rs 5 lakh. I stay in Noida in a company-leased accommodation. My employer takes this accommodation on lease and the lease rental is paid directly by him. How ...
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TECHNICAL ANALYSIS
HLL may drop to Rs 102-105 range
ONGC (Rs 718): Though the stock moved past the positive trigger price of Rs 732, it turned weak immediately. The share price was unable to hold ground above this level, which is not a positive sign. An upward sloping "wedge" pattern ...
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Focus of the week
Sesa Goa (Rs 561.6): The stock appears to have hit a short-term peak on Friday at Rs 575.6. It is expected to rule weak and a drop to the Rs 525-530 range appears likely. A decline below Rs 525 may push the stock to the Rs 495-500 range. ...
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Weak outlook for key indices
Preferred view: The movement this week was no different from the trend witnessed in earlier weeks. The index is still struggling to stage any meaningful move in either direction. This, however, did not prevent the index from moving to ...
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Query corner
CARS
Hyundai hikes prices
Hyundai Motor India has increased the price of all its cars. Santro will now cost about Rs 2,000 more and the cost of Accent will be higher by about Rs 5,000. The price of luxury sedans, Elantra and Sonata, will also be higher by about Rs 10,000 ...
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TWO/THREE WHEELERS
Kinetic's new Zing song
AFTER attempting to rock the scooterette segment with its Zing and the Zing Rockin Series, Kinetic recently launched a slightly upgraded version of this two-stroke mini-scooter with a slightly larger engine and better ...
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Go for Honda Activa
I am 52 and have been using a 100cc Bajaj Scooter for the last few years. I plan to buy one of the new generation scooterettes. Which of the three — Honda Activa, TVS Scooty Pep and Kinetic Zing 80 — will be better on parameters ...
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BANKING
Real Time Gross Settlement — For hassle-free, quick funds transfer
A FEW months from now, if you want to transfer money to your friend or relative in another city, it can be done within seconds. No longer will you have to rely only on a demand draft (DD) or a cheque. And no more the anxious wait for a week or ...
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HOUSING FINANCE
HDFC hikes housing loan rates
Housing Development Finance Corporation has increased the interest band on its fixed-rate loans to 7.75-8.5 per cent, from the earlier band of 7.5-8.5 per cent. BL Research ...
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ECONOMICS
Moral hazard explained
EXPERTS hold the opinion that the Reserve Bank of India's decision to allow Oriental Bank of Commerce (OBC) to acquire Global Trust Bank (GTB) raises the problem of moral hazard. What is moral hazard? Suppose you buy ...
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STOCK MARKETS
Delisting threshold — SEBI's inexplicable ways
How can a lower delisting threshold of 75 per cent be fixed for a voluntary delisting offer, when a higher threshold of 90 per cent has all along been applicable for substantial acquisition/takeover.
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The equity story is reading well
WITH the transaction tax row settled satisfactorily and changes coming in long- and short-term capital gains tax, sizeable inflows will come into the equity market, says Mr Arun Kejriwal, investment expert and Director ...
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Indian, Brazilian markets outperform the rest
ONCE again it was the turn of emerging markets such as Brazil, India and Indonesia to post handsome returns even as the global majors - US, Japan, Germany, France and the UK— witnessed a sharp fall. A steep rise in oil prices, a slowdown ...
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DERIVATIVES MARKETS
Range-bound movement likely
EQUITIES showed a firm trend, before getting spooked by the inflation numbers in Friday's trading. There was an improvement in trading volumes. The average daily trading turnover was Rs 8,113 crore last week as compared to the level of about Rs ...
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Do the derivatives
Gamma is the most complicated among the option greeks. It does not measure the change in option premium. It is a measure that tracks the change in delta to changes in price of the underlying stock. As we have seen, delta measures the change in ...
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Long-term options
Whether exchange traded equity options are issued by companies underlying them? The equity options traded on exchange are not issued by the companies underlying them. Companies do not have any say in selection of underlying equity for ...
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Futures guide
Options guide
FIXED DEPOSITS
Senior Citizens Savings Scheme
The new savings scheme allows you to earn a higher assured return on a substantial portion of your surplus.
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Bata India: It can bite
IN THE current low interest rate regime, safe fixed deposit options offer either low interest rates or require a longer lock-in period to get reasonably attractive returns. For investors with a penchant for risk, ...
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Allahabad Bank hikes FCNR rates
Allahabad Bank has raised the interest rates on foreign currency non-resident deposits. The new rates on US dollar deposits are 2.16 per cent (earlier 2.08 per cent) for one year to less than two years, 2.89 per cent (2.79 per cent) for two years ...
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INCOME TAX
The `lakh' of confusion
THE Finance Bill, 2004 seeks to increase the basic exemption limit for individuals from the existing Rs 50,000 to Rs 1 lakh. Does this mean a person having a salary income of Rs 1,30,000 will pay no tax since his income ...
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BOOKS
Fundas and investing are like marriage and romance
THIS is about the very thing you had despised in school: Maths. But do not turn away, because John Allen Paulos can get you interested in the subject with his book, A Mathematician Plays the Stock Market ...
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CARTOON
Shortsell
"I was worried about my future; so I started saving. Now I have nightmares about both the future and the present!"
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