INVESTMENT WORLD
INSIGHT
Frontline software companies — Keep faith in their growth program
WHAT a difference a quarter can make to investor perception of the fortunes of the software sector. The calendar year started bullishly. Practically all the key variables — robust volume growth for offshoring ...
More
What's in store this results season?
The results of several high-profile companies from different sectors are due in the next few weeks. With rising input costs and taxation woes, disappointing performances may put the good ones in the shade. Until the monsoon breaks, these results coul d well set the tone for the market in the near term.
More
Defensive stocks for your portfolio
THE search for defensive stocks that can pull investors through the next few months of uncertainty has started in right earnest. Some research reports proclaim that expectations of improved investment demand may be ...
More
OPEN OFFERS
Century Enka: Reject
INVESTORS can reject the offer made by the acquirers of Century Enka, as the price is unattractive. The price which, including interest, amounts to Rs 114, is well below the current market price of Rs 142. CVC ...
More
Panyam Cement: Accept
SHAREHOLDERS can sell their holdings in Panyam Cement and in case they are unable to do so, accept the open offer on April 27. The stock trades at a premium of about 40 per cent to the open offer price of Rs 101. ...
More
MUTUAL FUNDS
HDFC Core & Satellite Fund: Hold
INVESTORS in HDFC Core & Satellite Fund can stay with the fund. Its performance since its launch in September 2004 has not been impressive. It has lagged its benchmark, BSE-200, for some of this time. Returns, till ...
More
SBI Magnum Multiplier Plus: Hold
INVESTORS in SBI Magnum Multiplier Plus can retain their holdings as the fund's performance appears to be encouraging, especially in the highly volatile market of the past year. It has notched up a fairly good track ...
More
Should I retain Bluechip Fund?
A recent report says that Franklin India Bluechip's one-year return is 9 per cent, which is very much lower than its peers. Should I continue to hold the units of Bluechip or redeem and shift to another fund? Please advise. Seetharaman ...
More
New schemes from mutual funds
Chola Mutual has launched Chola Global Advantage Fund. This fund will invest in companies that are expanding globally and expect to derive at least 20 per cent of revenues from exports. Companies that have made acquisitions abroad or intend to ...
More
STOCKS
HCL Infosystems: Buy
INVESTORS with a medium term perspective can consider an exposure in the HCL Infosystems stock at current price levels. It remains a good option for those seeking a diversified portfolio in the IT market. The stock is trading at a price ...
More
India Glycols: Buy
AN investment can be considered in the India Glycols stock, which quotes at about five times its expected 2005 fiscal earnings. India Glycols is the only manufacturer of monoethylene glycol (MEG) other than the ...
More
Monsanto India: Buy
INVESTORS can consider adding the Monsanto India stock to their portfolio, as it offers the prospect of healthy appreciation linked to steady earnings growth. After the recent decline, the stock trades at a ...
More
TAXATION
Can I get my wife to give me rent receipt?
I PURCHASED a flat in Mumbai, which is in the joint names of my wife and me. My wife is a homemaker and has no income. The property was purchased out of a loan and I pay the EMI. We live in this house. If I were to ...
More
Penalty for filing beyond time
FOR the year ended 2004, I have not filed the return of income. I now propose to furnish a return. I am a salaried employee and tax has been deducted at source from my salary. I do not have any other income. I have not furnished the rent ...
More
TECHNICAL ANALYSIS
Short-term gain likely in Nifty
Preferred view: The index moved in line with expectations. A bearish trend prevailed last week and the Nifty moved to the vicinity of the target zone of the 1895-1900 range. The recent patterns indicate the possibility of a short-term ...
More
Tata Power may seek higher levels
Tata Power (Rs 362.35): The stock moved closer to the target zone of Rs 318-320. After touching a low of Rs 325, the trend turned positive on Monday. The recent price pattern suggests that the stock could seek higher levels in the near ...
More
Query corner
Is there any upside potential in the near future for Karnataka Bank bought at Rs 73.5? — M.K. Naik Karnataka Bank (Rs 69.1): There appears to be little downside risk from prevailing levels. Taking into account your entry ...
More
Focus of the week
Jindal Saw (Rs 316.1): The stock has moved to the earlier mentioned (edition dated February 20) target zone of Rs 320-325 range. After touching a high of Rs 322.45, the stock closed slightly lower at Rs 316.1 on Friday. The long-term trend ...
More
CARS
The new Omni, value for money
MANY an Indian car owner is forgiving and tolerant as long as his vehicle meets his travel requirements even while keeping cost of ownership at the lowest possible. He will be willing to endure great levels of ...
More
Hyundai Getz satisfy on all parameters
I travel 80 km everyday commuting to and from office. The route is quite bumpy and many stretches of the road are bad. I currently own a Maruti Alto LX. While I get very good mileage (15 kmpl with the air-conditioner on and about 16.5 kmpl ...
More
Slow down for the Swift
THE excitement has started building at Maruti Udyog's plant in Gurgaon, near Delhi, and amongst potential car buyers. The country's largest automobile manufacturer is gearing up for one of its biggest launches. Not ...
More
Info powerhouse
J.D. POWER and Associates is considered one of the leading independent research and global marketing information firms conducting quality and customer satisfaction research based on survey responses from actual vehicle ...
More
ECONOMICS
Coherent arbitrariness
CONSIDER this. Your friend asks you why Infosys trades at Rs 1,900. You explain that a stock price reflects a company's "fundamentals". That is, the stock price is a function of the company's revenues and EPS. Studies ...
More
DERIVATIVES MARKETS
Nifty may remain in a range
TRADING activity picked up at the derivative segment on the NSE last week ahead of the settlement for April contracts on the ensuing Thursday. The average daily turnover jumped to Rs 10,071 crore against the previous week figure of Rs 7,663 ...
More
Adjustment for corporate actions
THE basis for any adjustment for corporate actions shall be such that the value of the position of the market participants, on the cum and ex-dates for the corporate action, shall continue to remain the same as far as possible. This will ...
More
Options guide
Futures guide
FIXED DEPOSITS
FD options
Shriram Investments: Investments can be considered in the high-yielding fixed deposit and debentures schemes of Shriram Investments. The company offers 7.75 per cent for a three-year cumulative fixed deposit and 8.40 per cent for a ...
More
INTERVIEW
`India is in a sweet spot' -- Mr Alok Vajpeyi, Vice-Chairman and MD, Dawnay Day AV Financial Services
WITH GBP 1.5 billion under its management, the London-based Dawnay Day group is not big by global financial industry standards. But it has an interesting investment philosophy; it believes in "contra-cyclical" investing. It has built up a ...
More
IPOS
Shopper's Stop: Invest at cutoff
INVESTORS can consider subscribing to the initial public offering of Shopper's Stop, the third retailer to enter the listed space. We believe that, given the stiff valuations at the offer price, listing gains are ...
More
India Infoline: Invest at Rs. 80
INVESTMENT in the book-built initial public offer of India Infoline can be considered at Rs 80, the upper end of the price band. The offer (though open till April 25) is already over-subscribed at the upper end of the ...
More
Mangalam Drugs: Invest
AN INVESTMENT can be considered in the IPO of Mangalam Drugs and Organics, which makes bulk drugs, intermediates and specialty chemicals. At the offer price of Rs 22, the stock would be valued at about six times its ...
More
PUBLIC OFFERS
Oriental Bank of Commerce: Avoid
INVESTMENT in the book-built public offer of Oriental Bank of Commerce need not be considered. The merger with it of the beleaguered Global Trust Bank has cost Oriental Bank in terms of growth in FY-05. It could take ...
More
RIGHTS ISSUES
SISCOL: Invest
SHAREHOLDERS can consider investing in the rights offer of Southern Iron and Steel (SISCOL), as the prospects for appreciation are attractive. Our recommendation is based on the positive outlook for the steel sector, ...
More
BOOKS
Aayusyam! Bhavabhooti!
STEVE Vernon's book from Wiley (www.wiley.com) is titled Live Long & Prosper, much like the traditional Sanskrit blessing in the headline. To make that wish true you'd need to answer the question, ...
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
