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INSIGHT

Evaluation check-list
SHOULD one invest in retail stocks? The high growth rates clocked by the players, the statistics that point to the rising levels in consumer spending and the growing demand for a superior shopping experience combine to ... More

Steel prices: Tinkering with tariffs makes little sense
When analysing an economic proposal, one must trace not merely the immediate results but the results in the long run, not merely the primary consequences but the secondary consequences, and not merely the effects on some special group but the ... More

Ideas packaged as stocks
Some stocks are more equal than others. Their status is determined by the power of the idea that the company's business represents. Including such idea stocks may enhance your portfolio's returns over the long term. More

MUTUAL FUNDS

Magnum Taxgain: Hold
INVESTORS in SBI Magnum Taxgain may remain invested as the mid-cap-stock focussed strategy has led to a substantial improvement in its performance. If the returns over a three-year period appear impressive, it is due to ... More

PORTFOLIO MOVES
Sundaram Select Focus
AN exit from the stocks of Tata Power, Maruti and Bharti Tele-Ventures was the major change in the portfolio of Sundaram Select Focus in July. The fund invests in a select basket with concentrated exposures to sectors and stocks. It has ... More

SBI Magnum declares 30pc dividend

STOCKS

Tata Power: Buy
THE Tata Power stock has been subdued in the last couple of months and it is not without reason. A couple of regulatory decisions recently have proved adverse to the company's interests and the rising fuel prices are ... More

Goodlass Nerolac: Hold
SHAREHOLDERS can retain their holdings in the Goodlass Nerolac stock. Though we have multiple `buy' recommendations outstanding on the stock at various price points, our current view is tempered by the rising prices of ... More

Aztec Software: Buy
INVESTORS with an appetite for high risk may consider investments in small lots in the Aztec Software stock. While the stock has been re-rated in the last month, appreciating by nearly Rs 10, there is potential for ... More

Sundaram Clayton: Buy
TAKING into account the thrust towards exports and the overall growth prospects, investors with a long-term perspective may buy the stock of Sundaram Clayton. The company would be a beneficiary of the increased ... More

UltraTech CemCo: Hold
WE INITIATE coverage of UltraTech CemCo — a subsidiary of Grasim Industries — with a `hold' recommendation. Shareholders of UltraTech can remain invested, as there could be scope for gains linked to enhanced ... More

Lakshmi Machine Works: Buy
EXPOSURES can be considered in the stock of LMW at the prevailing price of about Rs 7,000. The stock trades at 10 times its expected 2005 per share earnings. An average annual revenue growth of 20 to 25 per cent appears sustainable for at least ... More

TECHNICAL ANALYSIS

Bearish trend to continue in Nifty
Preferred view: Based on W.D. Gann's approach, the high of 1658.9 formed on August 11 was identified as a key reversal point. This view remains unchanged. The recovery over the past few days appears to be a corrective bounce to the ... More

Focus of the week
Bharat Earth Movers (Rs 179.1): The BEML stock could move up to Rs 200. Remain invested with a stop loss at Rs 162. Price dips may be used to take long positions with a stop loss at Rs 162. A drop below Rs 162 would warrant reduction ... More

Query corner
I purchased Hindustan Oil Exploration at Rs 37. Should I hold or exit? — Rajesh Thakkar Hindustan Oil (Rs 62.2): The stock has risen sharply in the past couple of months. The price has moved closer to the resistance zone ... More

CARS

TWO/THREE WHEELERS

LIFE INSURANCE

STOCK MARKETS

Of clustering illusions
YOU have a list of stocks that have risen sharply in the past six months. You find that the delivery-to-traded-quantity (DTQ) ratio for these stocks has also risen during this period. Will you immediately conclude that ... More

DERIVATIVES MARKETS

Nifty may remain range-bound
THE addition of the Tata Consultancy Services stock to the derivative segment was the highlight of last week. The market gained on account of heavy short covering in August contracts, which expired on Thursday. The November contracts, which ... More

TCS in F&O segment: The size does matter
THE stock of Tata Consultancy Service (TCS) is the first to enter the derivative segment on the same day it was listed on the cash market. How did TCS make the grade on Day One when it could not meet a couple of entry filters that are linked ... More

FIXED DEPOSITS

INCOME TAX

Taking stock of taxing changes
WHAT are the changes proposed with regard to gifts received by an individual or HUF? The Finance Bill, 2004, which has been cleared by Parliament, makes it clear that a sum of money in excess Rs 25,000 received ... More

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