The Hindu Business Line : Sunday, September 11, 2005

Investment quiz
1. The Bombay Stock Exchange recently converted itself into a company and is now known as BSE Ltd. It also plans an initial public offering of equity over the next year. This is a watershed in a journey that began on a modest note more than ... More

INSIGHT

DSP-ML's Super SIP — A good combination product
For a non-smoker, a very competitive term assurance plan is available from Kotak. A non-smoker under the age of 30 would be better off considering the special term plan from Kotak and invest separately in mutual funds through the SIP route. More

SAT order on UBS case — FII regulations grey still
IN YET another high-profile case, the Securities Appellate Tribunal (SAT) has overturned an order of the Securities Exchange Board of India. In May, SEBI had issued an order prohibiting UBS Securities Asia from issuing ... More

COURTS/LEGAL ISSUES

Taxman on a school bus
MARK Twain once remarked, "I've never let my school interfere with my education." And Samuel Taylor Coleridge is of a similar view when saying, "To sentence a man of true genius, to the drudgery of a school is to put a racehorse on a treadmill." ... More

MUTUAL FUNDS

Kotak Equity Fund of Funds: Hold
INVESTORS in Kotak Equity Fund of Funds can stay with the fund. A fund of funds is an equity fund that invests in other equity schemes. The fund's performance has been below average compared to the universe of equity ... More

SPOTLIGHT
JM Equity Fund: Hold
AFTER a rather indifferent performance in 2004, JM Equity has delivered an above-average return of 70 per cent over the past year. The improvement in performance could be largely attributed to a higher allocation to ... More

FUND TALK
Equity funds for school admissions
If your target returns are not very high and you have a short investment horizon, a combination of debt and equity funds, or balanced funds may be better choice than pure equity funds. More

StanChart launches Premier Equity Fund

Franklin Templeton Mutual Fund is to declare a dividend on Franklin India Opportunities Fund. The record date for dividend payout is September 14.

Chola Mutual has declared a dividend of 20 per cent on Chola Midcap Fund. The record ... More

STOCKS

Timken India: Buy
AN investment may be considered in Timken India at the current price of about Rs 150. Buoyant demand for its products, access to a substantially wider product pipeline following a key acquisition by the global parent, the emergence of the Indian ... More

Emco: Buy
INVESTORS can consider taking exposure in the Emco stock. At the current price, it trades at about 19 times its expected FY06 earnings. The price earnings multiple is attractive compared to its peers. Gradually improving performance, key ... More

Jindal Saw: Hold
With a view to restructuring its capital and lowering the component of high-cost debt, Jindal Saw recently completed a $40-mn ECB issue. However, the risk stems from the possibility of pressure on margins due to higher input costs. More

Glenmark Pharma: Hold
INVESTORS can retain their holdings of the Glenmark Pharma stock, which trades at about Rs 290. The stock has been among the best performers in the mid-cap space over the past couple of years and with a market cap in excess of Rs 3,000 crore ... More

Grasim: Buy
AN INVESTMENT may be considered in Grasim Industries as there appears to be scope for sizeable capital appreciation linked to an improvement in its fundamentals as well as those of subsidiaries in the cement sector over the next couple of years. ... More

Tanfac Industries: Hold
INVESTORS may consider retaining their holdings in the stock of Tanfac. The company's margins have declined over the years and it has recorded a loss in the trailing twelve-months, largely owing to loss in the preceding two quarters. But Tanfac ... More

Kajaria Ceramics: Buy
BUOYED by the improved business prospects and growth in earnings, the stock prices of companies in the ceramic tile industry have moved up the past few months. Industry heavy weight Kajaria Ceramics is no exception. Taking into account the ... More

TECHNICAL ANALYSIS

Reversal signs not in sight
Preferred View: Except for a strong upward move on Thursday, the market action during the week was devoid of any momentum. The index, however, managed to hit a new lifetime high during the week. Though there is no indication of a ... More

Positive outlook for Tata Steel, SBI
SBI (Rs 855): The price movement was in sync with the bullish view expressed last week. The stock ruled firm and also moved to the target zone of the Rs 845-850 range. The outlook remains bullish and the stock could move to the next target ... More

Focus of the week
Opto Circuits (Rs 227.1): The long-term trend for the stock is bullish. The stock could move to the Rs 290-300 range. The conformity of the stock's price pattern to the Elliot Wave theory is almost straight out of the textbook. The ... More

Query corner
Kindly advise me on my holdings in Reliance Capital and Tata Sponge. — R. Pillai, J.P. Garg Reliance Capital (Rs 469.4): Even after the recent run-up, the stock appears to have upside potential. Though the stock could get ... More

CARS

Fuel efficiency hinges on discipline driving
I OWN a Maruti Zen VXi (2005 model). I find the car's suspension and seats hard. The car is bumpy in off-road conditions and village roads. Is there a way by which I can improve the suspension, say, by changing the shock absorber or the seats? ... More

Tavera's decked-up Elite
BATTLING a slide in the image of the Chevrolet Tavera among potential individual car buyers, General Motors India has reworked the interiors of its multi-utility vehicle to infuse some feel of `premium-ness'. The move seems to have been driven by ... More

WHEELS 'N DEALS
New Optra variant launched
GM has launched a higher-end version of the Chevrolet Optra. At Rs 8.99 lakh, the Optra Royale is powered by a 1.6 engine, with VGIS technology and revised gear ratios designed to increase fuel efficiency. The Royale attempts to take luxury ... More

WHEELS 'N DEALS
GM extends offer on Corsa
GM has extended the offers on the Opel Corsa and the Corsa Sail. At Rs 4.29 lakh (ex-showroom New Delhi), the 1.4 Corsa limited edition comes with sky roof, music system and power windows ; the 1.4 Sail is priced at Rs 3.89 lakh (ex- ... More

HCV/LCV/TRACTORS

WHEELS 'N DEALS

Special edition Endeavour
FORD has come out with a special edition of its utility vehicle, the Endeavour. Two packages — interior and exterior — form part of the special edition offering. The interior package, at Rs 52,000, consists of leather upholstery, ... More

LIFE INSURANCE

LIC Bima Gold
TO COINCIDE with its 50th anniversary, LIC launched a money-back plan, Bima Gold. A look at some of the key features of this policy. Plan details The policyholder would have to pay premiums over the entire ... More

ECONOMICS

Economics of incentives
MY FRIEND and his wife sometimes keep long working hours. They have found a way to work around their guilt of not spending enough time with their daughter. They buy her expensive gifts whenever they come very late. The child seems happy and the ... More

STOCK MARKETS

Nuts and bolts of settlement and payment
An account period settlement is a settlement where the trades pertaining to a period stretching over more than one day are settled. For example, trades for the period Monday to Friday are settled together. The obligations for the ... More

DERIVATIVES MARKETS

Videocon Intl crosses market-wide limit
DESPITE Nifty recording a new high, trading activity in the derivative segment on the NSE slipped last week. The average daily turnover was Rs 11,495 crore against the previous week figure of Rs 12,828 crore. Accumulation of open interest ... More

F&O POINTERS
Positive bias on Nifty
Nifty outlook: Last week, we had indicated that Nifty might head northwards. In line with our expectation, the Nifty moved up with sizzling speed to record its all-time high level. We had advised our investors to go long on Nifty keeping ... More

FIXED DEPOSITS

Attractive rate from J.K. Industries
J. K. Industries: Investors may consider parking their funds in the fixed deposit scheme, with a one-year tenure, offered by J. K. Industries. The deposit carries a healthy interest rate of 8 per cent. The company is fundamentally sound ... More

INTERVIEW

`You have to back ideas strongly to get good returns' — Mr Sandip Sabharwal, Head, Equity, SBI Mutual Fund
Owning too many stocks is a sign that you may be buying every investment idea that comes your way, instead of backing a few good ones strongly. We like to keep our portfolios small, so that we can closely track every stock in each portfolio. More

INCOME TAX

Coach me on tax benefit available for coaching fees
MY SON is studying in the 11th standard and is undergoing coaching for IIT entrance at the Academic Centre for Excellence, Bangalore. He attends evening classes four days a week, with each class running to two hours. Will the tuition fee paid ... More

BOOKS

For a relaxed retirement
AS if to transport you to a different world, James Thomson speaks of "an elegant sufficiency, content, retirement, rural quiet, friendship, books, ease and alternate labour, useful life, progressive virtue, and approving heaven". To achieve that, ... More

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