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Sunday, January 08, 2006

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INVESTMENT WORLD

STOCKS


Greenply Industries: Buy
GREENPLY Industries (Rs 92) is likely to emerge as one of the prime beneficiaries of the ongoing construction boom in the country. An investment can be considered with a one to two-year perspective. The stock ... More

ITC: Buy
INVESTORS can consider taking fresh exposure in the ITC stock (Rs 145), which quotes at 27 times its trailing 12-month earnings. Valuations and growth prospects appear attractive relative to its peers in the fast-moving consumer goods (FMCG) ... More

Pidilite: Buy
AN INVESTMENT can be considered in the Pidilite stock (Rs 87). At this price, the stock commands a price-earnings (P-E) multiple of about 20 times its expected per share earnings for FY-06. The valuation level is demanding, but in the context of ... More

MphasiS BFL: Buy
INVESTORS with a penchant for risk can consider taking exposure in the MphasiS BFL stock (Rs 157). Though the stock has run-up by 10 per cent in the homestretch to the earnings announcement on January 10, improvement in fundamentals and ... More

Maharashtra Seamless: Buy
STRONG operational and financial contours, a healthy order-book, a positive business outlook and likely gains from its proposed backward integration make the stock of Maharashtra Seamless (Rs 552) attractive. Although the stock has run up ... More

Bharat Bijlee: Buy
BHARAT Bijlee's (Rs 795) efforts to reorganise its business portfolio, coupled with the growing demand for transformers as a result of power sector reforms, are likely to accelerate the company's earnings growth. Investors can consider buying the ... More

ANNOUNCEMENTS


  • Announcement

    FINANCIAL SERVICES


    SEBI GUIDE
    Benefits of paperless holdings of shares
    Is it compulsory for every investor to open a depository account to trade in the capital market? As per the available statistics at the BSE and the NSE, 99.9 per cent settlement takes place in demat mode only. Therefore, in view of the ... More

    CHECKLIST
    Safety features in demat
    How will I know that my Depository Participant (DP) has updated my account after each transaction? Your DP will give you a transaction statement periodically, which will detail your current balances and the various transactions you have ... More

    TELECOMMUNICATIONS


    Reliance's one-nation tariff
    Reliance Infocomm has announced an offer under which calls can be made from Reliance India Mobile prepaid accounts at Re 1 a minute to anywhere in India. The one-nation tariff is applicable on e-recharge of Rs 1,100, inclusive of service tax. ... More

    AIRLINES


    CHECK IT OUT
    London calling
    GET SET to fly between Delhi and London for Rs 10,000. Air Sahara is offering a return fare of Rs 10,000 between the two cities. The offer is only available on bookings made on the Web site. The promotional fare ticket will be valid for one ... More

    AUTOMOBILES


    Maruti 800 - 16-kmpl is a fair mileage
    I AM a resident of Mumbai and after careful consideration am planning to buy the Bajaj Avenger. But I am wondering whether to buy the bike now or wait to see if Bajaj upgrades this cruiser? Is there likelihood of an upgraded variant, with ... More

    Exciting new launches even as sales skid
    FOR THE automobile industry, 2005 will not go down as a memorable year in terms of sales. Of course, that does not mean that there was very little action in the industry during the year. Compared to the aggressive ... More

    INSIGHT


    SBI Mutual steals the show
    IT WAS dominance of a kind rarely seen in the mutual fund industry over the past 15 years. There may have been occasions when a couple of funds from one stable would have run away with the honours. But, then, the universe of equity funds was ... More

    Rich state of mid-cap market
    AS INVESTORS strap on for the Sensex's leap towards 10,000, valuations appear stretched, especially in the mid-cap segment, where they seem as stretched as in their large-cap counterparts. For many, this alone is an indicator of a bubble building ... More

    Gassing the LNG potential
    WHY would a company stop selling a product that is in high demand? Ask multinational oil and gas major, Royal Dutch/Shell, which last month stopped re-gasification and sale of liquefied natural gas (LNG) from its spanking new import terminal in ... More

    MUTUAL FUNDS


    HDFC TaxSaver: Invest
    HDFC TaxSaver is a good investment option even for investors who are not looking at tax saving element. Consistent performance and a sound track record of protecting the NAV with marginal damage in a bear market makes the fund an ideal ... More

    SPOTLIGHT
    Kotak MNC: Invest
    EXPOSURES may be considered in Kotak MNC Fund, as it has a fairly impressive track record. The portfolio also appears designed to go through any period of correction in equities with limited downside risk. As the equity market is likely to ... More

    New scheme from Stanchart MF

  • LIC Mutual Fund has declared a dividend of 50 per cent for LIC MF Index Sensex Plan and 0.8 per cent for LIC MF Bond Fund. The record date has been fixed as January 9 and 10 for LIC MF Index Fund and Bond Fund respectively. Standard ... More

    TAXATION


    Are long-term capital gains payable on sale of agricultural land?
    I SOLD a piece of agricultural land in the financial year 2004-05. This land was acquired by me more than three years ago. Will long-term capital gains be payable on the sale? Tarun Reply Capital gains will ... More

    TECHNICAL ANALYSIS


    A show of strength in SBI
    SBI (Rs 941): A positive trend prevailed during the week. The stock appears to be on course to move to the target zone of Rs 1,050-1,100. This stock appears to be among the top picks from the banking sector. Investors may include the ... More

    Near-term outlook is positive for Nifty
    Preferred view: The index moved as anticipated last week. The trend remained buoyant and then momentum picked up on the move past the crucial trigger level at 2840. It was also positive to notice that the trend was strong enough to ... More

    Focus of the week
    VSNL (Rs 397): After having topped at Rs 444 in July 2005, the stock went into a sharp corrective phase that pushed it to a low of Rs 260. The stock has staged a sharp recovery over the last couple of months. The recovery appears to ... More

    Query Corner
    I have observed on quite a few occasions that the share price of the company concerned moves well past the target price mentioned by you. Unichem Labs and Jaiprakash Associates are more recent examples of this aspect. What should investors do ... More

    BANKING


    More banks offer no-frills A/c
    Bank of Baroda, State Bank of Hyderabad, Tamilnad Mercantile Bank, and Corporation Bank are among the latest to announce a no-frills savings bank account. An account can be opened in these banks with an initial deposit of Rs 10-50 . No penalty ... More

    STOCK MARKETS


    Seersucker theory
    MY FRIEND subscribes to seven newsletters that provide him with trading ideas on a daily basis. He buys a stock only if three or more of these newsletters recommend the same stock on a given day. He does this because one newsletter is no better ... More

    DERIVATIVES MARKETS


    Nifty may witness a downtrend
    For the ensuing week, we expect the Nifty exhibit a mixed trend with undertone turning slightly bearish. More

  • Options guide

    PRIVATE BANKS


    Mobile banking from KVB
    Karur Vysya Bank has launched mobile banking services through SMS. The new service enables savings and current account holders to view account information such as balance, transaction status and cheque status by sending SMS to the bank. They can ... More

    FIXED DEPOSITS


    FD OPTIONS
    Madras Cements: Invest in 1 and 3 year options
    Madras Cements: An investment can be contemplated in the fixed deposit programme of Madras Cements; the one- and three-year options can be considered. It may be better to opt for the three-year option than the two-year fixed deposit, as ... More

    INTERVIEW


    India, a `buy-on-declines' market — Mr Anup Maheshwari, Chief Investment Officer, HSBC Mutual Fund
    IN WHAT is slated to be a challenging year for fund managers in terms of stock and sector selection, Mr Anup Maheshwari, former Head of Equities, DSP Merrill Lynch Mutual Fund, is in the hot seat at HSBC Mutual as Chief Investment Officer. A ... More

    IPOS


    Nitin Spinners: Avoid
    INVESTORS can give the initial public offer of Nitin Spinners a miss. The price band of Rs 18-21 values the offer at 12-14 times its annualised per-share earnings for FY-06. As a small company, the scope for ramping-up the business is ... More

    BOOKS


    Focus on FDI quality, not quantity
    ASIA Law & Practice, a Euromoney institutional investor company, has brought out "Doing Business with Korea," to explain `investment regulations and commercial strategies.' The book, distributed by Bharat Book ... More

    NEW PRODUCTS & SERVICES


    Prepaid cards: Credit made easier
    YOU ARE probably familiar with credit and debit cards. Now know the latest kid on the block — prepaid cards. Sold as a gift card by a few banks, it can be bought over the counter by paying cash or cheque for the ... More



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  • Top Stories
    Rich state of mid-cap market


    SBI Mutual steals the show

    India, a `buy-on-declines' market — Mr Anup Maheshwari, Chief Investment Officer, HSBC Mutual Fund

    Near-term outlook is positive for Nifty

    Gassing the LNG potential

    Exciting new launches even as sales skid

    In Focus

    Surging Sensex
    Dynamic Tirupur
    Trends in IT - 2005
    FDI in retail sector
    WTO - Hong Kong meet
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Jan. 1-Jan. 7
    After eight years, the `dividend dogs' disappoint

    Hits and misses

    2005: A sizzling year for stocks

    Reforms thrust needed to buoy economy

    Exploring the new Discover

    Nifty poised at a critical level


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