The Hindu Business Line : Sunday, September 04, 2005

Investment quiz
1. "During those bubble years while the stock price was going up 30 per cent a month, we would have all-hands meetings, and I would ask employees, `Please do not feel 30 per cent smarter because the stock went up 30 per cent, because when ... More

INSIGHT

ABN-Amro deal: TCS, Infy make a bundle
IT IS rare for a single offshoring deal to buoy the optimism of the entire software services industry. But the mega $2.2-billion (1.8 billion euro) deal from the Dutch financial powerhouse, ABN Amro, has done that ... More

Idea stocks romp ahead
Our `idea' stocks portfolio has delivered returns of 290 per cent over the past year. The portfolio of `idea stocks' suggested for the next twelve months is: 3M India, Astra Microwave, Bharti Tele-Ventures, Champagne Indage, Gateway Distriparks, IDFC , IFSL, Indiabulls Financial , NDTV and Opto Circuits. More

MUTUAL FUNDS

ICRA online rankings — Tax Saving, Index and Debt Funds
IN the first quarter of FY2005-06, as in the previous quarter, this time too, the FMCG sector stole the show among sector funds. While the FMCG funds posted returns close to 17 per cent, BSE FMCG yielded a return of ... More

SPOTLIGHT
SBI Magnum Contra: Buy
INVESTORS may contemplate exposures in SBI Magnum Contra Fund, which continues to be an impressive performer. It remains at the top of the list of our preferences in the equity fund space. Exposures could, however, be ... More

PruICICI Tax Plan: Invest
INVESTORS with an appetite for risk can take exposures in PruICICI Tax Plan. Over the past year, it has been among the top performing funds in the tax planning space. Its three-year track record is also impressive in ... More

PORTFOLIO MOVES
Sundaram Select Focus
THE month of July 2005 saw the market in an upbeat mood with the Sensex and Nifty achieving significant gains. There were also sharp reactions to the first quarter results/guidance announced during the month. Strong inflows from FIIs and net ... More

FUND TALK
Is SIP route advisable for four-year horizon?
If you already own two or three diversified funds, you can add a sector fund to this portfolio if believe that that a particular sector will deliver better returns than the market over the next year or two. More

DSP ML to charge entry load on SIP

A dividend of 20 per cent has been declared under Chola Midcap Fund. The record date is September 19.

UTI Mutual Fund has declared a 25 per cent maiden dividend under UTI Banking Sector Fund. The record date for the dividend is ... More

STOCKS

Sanghvi Movers: Buy
AN exposure may be considered in the stock of Sanghvi Movers, as its investment plans could lead to a significant boost to revenues and earnings growth over the next couple of years. The company is well placed to benefit from the buoyant ... More

Essar Steel: Hold
SHAREHOLDERS can consider retaining their exposure in the Essar Steel stock. Positive outlook for steel prices, higher demand and growing share of value-added products are likely to drive revenue growth in the medium term. At its current price, ... More

Aurobindo Pharma: Hold
INVESTORS can retain their holdings of the Aurobindo Pharma stock, which currently trades at about Rs 370. The stock has not participated in the bull run of the past year, largely as its earnings card failed to match street expectations. ... More

The Great Eastern Shipping Company: Buy
Investors in Great Eastern Shipping will get shares in the new company that will own the offshore services business. Given the group's track record, the valuation and share allotment ratio are likely to be in the interest of shareholders. More

Satnam Overseas: Buy
INVESTORS can consider accumulating the Satnam Overseas stock at the current price level of Rs110, as it offers scope for sizeable appreciation over a one-to-two-year period. The company can deliver strong earnings ... More

Clariant group: Positive reaction in the merger
Clariant: Hold
Colour-Chem: Hold
Vanavil Dyes: Hold
More

TECHNICAL ANALYSIS

Near-term outlook turns positive
Preferred view: Except for the weakness on Monday, the market sentiment remained distinctly positive during the remaining four days of the week. The index managed to hold above the support level at 2300. It also managed to close above ... More

Firm trend likely in Reliance
Reliance Ind (Rs 730.9): A positive trend prevailed as anticipated last week. The share price also moved past the positive trigger level of Rs 730. This has imparted strength and the stock appears on course to move to the target zone of Rs ... More

Focus of the week
KCP (Rs 126.8): The stock is in a long-term uptrend. It has just broken out of a "bull flag" pattern, with a huge pick-up in volume. This would indicate that the next leg of the upward move is underway. The share price could move to the ... More

Query corner
Ansal Housing (Rs 114.9): The stock could move to the Rs 135-140 range. Hold with a stop-loss at Rs 95. Partial profit booking may be considered on the evidence of resistance at around the target zone. Short-term traders may take long ... More

CARS

Maruti `Powers' to the top of customers' hearts
FOR a market leader with the largest share of the passenger car segment, Maruti Udyog's customer service quality is showing no signs of fatigue. For any auto company, the service quality of the sales process — or the showroom experience as ... More

Replacing MPFI invites risk
I OWN a 1999 model Maruti 800 that has run 31,000 km. I live in Dharamsalain, Himachal Pradesh, and the average mileage that my car offers is 13-14 km within town and 16-17 km on the highway for every litre of Speed brand petrol. Is this ... More

Indigo's new SX appeal
TATA Motor's Indigo was meant to be an economically priced, decently-equipped entry-level sedan for small-car owners looking for an upgrade despite the supreme luxury positioning that the car's advertising tries to project. Now, with ... More

Hot wheels
ALLOY wheels are fast becoming popular with discerning car owners in the country. With the higher trim variants of several cars even in the premium small car segment offering alloy wheels as a standard fitment, these products are, albeit slowly, ... More

Skoda's new models
Skoda plans to launch the Combi, a hatchback version of its Octavia range, by end-September. Skoda will now be able to cater to those looking for larger boot space in the luxury sedan segment. It also plans to roll out a diesel version of the ... More

Maruti's new package
Maruti has tweaked the August offering on its cars and has also included the Maruti 800 — the old warhorse. As part of its September sales scheme, its dealers are offering comprehensive insurance cover on purchase of Maruti cars for a year ... More

Market buzz
BMW plans to set up an assembly plant in Chennai at a cost of $40 million (about Rs 180 crore). Commencement of commercial operations has been scheduled for the third quarter of 2006. This would take the number of car manufacturers in Chennai to ... More

TWO/THREE WHEELERS

New bikes from TVS Motor
TVS Motor has launched new versions of its bikes. Christened Victor Edge and Star City, these bikes are being offered at Rs 40,990 and Rs 33,990 respectively. The company has also come out with a new version of its scooterette. Christened Scooty ... More

Yamaha's Golden Jubilee offer
As part of its 50th anniversary celebrations, Yamaha has come out with a special offer. The offer is valid across Tamil Nadu. Customers can exchange their mopeds and avail themselves of a bonus of Rs 5,000 on purchase of either the Libero LX or ... More

ECONOMICS

Social physics
ON SEPTEMBER 2 the S&P CNX Nifty failed to close above the crucial resistance level of 2426. A stock or an index typically rises sharply if it breaks above the resistance level. Resistance and breakouts happen because of the interaction between . More

DERIVATIVES MARKETS

F&O POINTERS
Upward bias in Nifty
NIFTY outlook: Last week, we had expected a narrow movement in Nifty with negative bias. Though the Nifty opened the week on negative note, it regained strength and flared to reach its new all-time high close levels. Expecting the Nifty ... More

Open interest up in refinery stocks
TRADING activity slipped sharply even though the Nifty scaled new heights at the derivative segment on the NSE last week; the average daily turnover was Rs 12,828 crore against the previous week figure of Rs 2,0515 crore that also saw the ... More

REGULATORY BODIES & RULINGS

Execution of trades and charges
In order to facilitate maintaining database of their clients, it is mandatory for all brokers to use unique client code, which will act as an exclusive identification for the client. For this purpose, PAN /passport number/driving licence/voter ID ... More

INTERVIEW

`We want investors to see mutual funds as a long-term investment' — Mr S. Naganath, Chief Investment Officer, DSP ML Investment Managers
People can reflect on investments such as property where simply by staying invested after making a good choice in the beginning, you really reap the rewards after 10, 20, 30 years. The same lesson should be applied to equity investing. More

INCOME TAX

Tax planning for an agriculturist receiving foreign remittance
I do not have any income other than from agricultural activity and, therefore, have not filed any income-tax return so far. My son is a doctor in the US and he has been sending me $50,000 a month since January 2005. My wife and I credit ... More

Worried at 90
I AM 90 years old and have been filing my returns promptly every year. There are refunds due for some of the years. Can I nominate any of my family members to receive the refunds if these are not received during my lifetime. S. ... More

IPOS

Talbros Automotive Components: Invest at cut off
TAKING into account the fundamentals, the strong presence in the industry and the positive outlook, investment can be considered in Talbros Automotive Components at the cut-off price. The company proposes to raise Rs ... More

BOOKS

There's always a bull market somewhere
THEIR bull gendereth, and faileth not... They send forth their little ones like a flock, and their children dance. They take the timbrel and harp, and rejoice at the sound of the organ. They spend their days in wealth... "Who? Where?" Well, ... More

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Pick a Winner Stock Market Contest

ICRA online rankings — Tax Saving, Index and Debt Funds

`We want investors to see mutual funds as a long-term investment' — Mr S. Naganath, Chief Investment Officer, DSP ML Investment Managers

Near-term outlook turns positive

Idea stocks romp ahead

Maruti `Powers' to the top of customers' hearts

In Focus

BHEL Disinvestment

The Yuan Revaluation

Dabhol power regenerated

Tracking the rains