The Hindu Business Line : Sunday, October 30, 2005

Coromandel Fertilisers: Buy
INVESTORS with a two to three-year perspective can consider exposures in the Coromandel Fertilisers stock. The stock trades at a modest price-earnings multiple of about eight times its trailing 12-month earnings (Rs 31 per share). Volume ... More

Monsanto India: Buy
MONSANTO India has reported robust profit growth on flat revenues for the first half of the current financial year. While this has been a challenging period for crop protection companies, the outlook for the next couple ... More

Satyam Computers: Hold
SHAREHOLDERS can consider retaining their exposure in the Satyam Computers stock. The potential for capital appreciation from these price levels will be sedate and suitable only for investors with return expectations ... More

Lupin: Buy
EXPOSURE can be considered in the Lupin stock, which trades at about Rs 690. Even as Lupin's initiatives in the developed markets show signs of paying off, the stock is available at a valuation of about 16 times its ... More

Television Eighteen: Buy
AN INVESTMENT can be considered in Television Eighteen (TV 18) stock, as there is scope for gains once the restructuring (see accompanying box) takes effect. In the proposed arrangement, the burden of rolling out new ... More

Hindustan Zinc: Buy
WELL-INTEGRATED value chain, strong operational and financial contours, robust demand coupled with firm pricing environment, competitive cost structure and relatively attractive valuations make the stock of Hindustan Zinc an attractive buy over ... More

Sintex Industries: Buy
Sintex has diversified its consumer portfolio by moving into other products. More

INSIGHT

Vodafone calls again — The right connection
SHAREHOLDERS of Bharti Tele-Ventures are sure to welcome the dramatic re-entry of Vodafone Plc, the world's largest mobile service provider into the Indian market with the latter's acquisition of a 10 per cent ... More

The route ahead
IN negotiating this deal, the Chairman of Bharti Tele-Ventures, Mr Sunil Mittal, may have, by a single stroke, pitted Vodafone against SingTel, Bharti's existing foreign partner, which holds a 30.8 per cent stake. The ... More

Time for the November Effect
If November Effect does visit us once again on the back of improved liquidity, investors should resist looking this gift horse in the mouth. More

MUTUAL FUNDS

SBI Magnum Global: Invest
AN investment may be considered in SBI Magnum Global, as its aggressive fund management style could offer attractive returns over a two- to three-year period. Investors could use a systematic investment plan to take ... More

Franklin India Taxshield: Invest
AN INVESTMENT can be considered in Franklin India Taxshield, which has, like most tax-saving funds, turned in a good performance over a five- year period. While it is not the top performing fund in this category, you ... More

Tata Equity Opportunities Fund: Invest
INVESTORS looking to diversify their portfolio may consider investments in Tata Equity Opportunities Fund. The fund's performance over the past five years compares favourably to funds such as DSP Opportunities Fund, ... More

PORTFOLIO MOVES
Birla Dividend
DURING volatile markets such as the present one, stocks with a high dividend yield (dividend as a percentage of market price) tend to provide a cushion during downward corrections. Dividend yield funds follow a defensive investment strategy by ... More

PETROLEUM

What if the Iran gas deal does not go through?
If the Iran gas deal does not go through, there may be ramifications for LNG prices in India as a major supply source is taken out. This shortfall would have to be met with new gas sourced at substantially higher prices. More

TAXATION

Broker on tax
MY BROKER deducts tax at source at 1.25 per cent of the value of shares on sale transactions as capital gains tax. Is this correct? Is there a provision in the Act for the broker to do so? Srinivas G Reply It appears that your broker ... More

TECHNICAL ANALYSIS

Query Corner
Please clarify my apprehensions. Somewhere in August an impression was created that correction is on the cards anytime now and in September, every correction was followed by consolidation and retail investors took the things into stride ... More

Indicators point to impending weakness
Preferred View: The market sentiment remained bearish during the week gone by. The inability of the index to even get closer to the first resistance zone of 2480-2490 was a clear sign of impending market weakness. The break below the ... More

Bearish outlook for Tata Steel
SBI (Rs 811): The stock breached the support zone at Rs 845-850. Typically, the trend would accelerate when a support or resistance level is broken convincingly. This concept was captured in the price action of this stock. With the stock ... More

Focus of the week
Tata Motors (Rs 460.8): The stock has been moving in an extended sideways pattern since February 2004. The price action in the recent weeks has resulted in the completion of a bearish "double top" pattern in the early part of this month. ... More

CARS

Question 'N' Auto
I RECENTLY purchased a Maruti Swift Zxi, thinking that it would be a significant step forward for Maruti vis-à-vis its earlier and current offerings. But I feel short-changed. Maruti has made several ... More

What's special in WagonR Primea
CLOSE on the heels of the competition's attempts at infusing some exclusivity to their premium B-segment offerings, Maruti Udyog, too, has joined the limited edition race with the WagonR Primea. Launched earlier ... More

The City goes sleeker
THE latest Honda City is an extremely focused and relevant product in the C-segment. But it had come under fire from car enthusiasts for its lack of power vis-à-vis at least one of the variants of its ... More

Special Edition Santro
This festival season, Hyundai is offering a special edition of the Santro Xing. The special edition comes with goodies worth Rs 25,000. A roof-top antenna, body graphics and a chrome-plated rear garnish give the hatchback a sporty look. The alloy ... More

Spate of offers
Hyundai along with HDFC Bank is offering a special scheme for teachers on the Getz and the Accent GLE. Royal Enfield is offering the Thunderbird for a down payment of Rs 8,233 and the balance in instalments at an interest of 4.5 per cent (flat ... More

TWO/THREE WHEELERS

WHEELS 'N DEALS

Hero Honda's Achiever
HERO Honda's new offering in the 150-cc segment, Achiever, looks similar to Ambition, one of its other models. Achiever is being rolled out following poor response to the Ambition. The Achiever generates a maximum ... More

ECONOMICS

Economics of fear
BIRD Flu. SARS. The stock market. What do they have in common? The answer is fear! But what has economics got to do with fear? Suppose a remote village in India is affected by bird flu. You would probably want to take drugs to protect ... More

STOCK MARKETS

SEBI GUIDE
Options in an open offer
Competitive bid is an offer made by a person, other than the acquirer who has made the first public announcement. What happens if there is a competitive offer and a person had availed himself of the first offer at a lower price? Can the ... More

DERIVATIVES MARKETS

F&O POINTERS
Weak trend in Nifty persists
THERE was no respite from a bear hammering for the Nifty, which witnessed another week of turmoil on the back of heavy FII selling. Last week, we had indicated that the Nifty was at a crucial junction and had stated that either gain or loss - ... More

INTERVIEW

No upheavals likely in fund management — Mr T. P. Raman, Managing Director, Sundaram Mutual Fund
With BNP Paribas deciding to shell out Rs 100 crore for a 49.9 per cent stake in Sundaram Asset Management Company, many feel that the fund house has secured an attractive valuation for its business. But Mr T. P. Raman, Managing ... More

INCOME TAX

Tax-free fee for a taxing course
AS PER Section 80C of the I-T Act, investments up to Rs 1 lakh will qualify for deduction from the gross total income. Such eligible investments are by way of contribution to PF, life insurance premium, National Savings Certificate, etc. Apart ... More

BOOKS

Talents that shaped the market
AS individual investor, you are wary of `space-age trading strategies and kinky financial instruments' that seem to defy understanding. You are probably grumbling that buyers are difficult to find when security prices are dropping. All ... More

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