The Hindu Business Line : Monday, January 16, 2006

Tata Motors: Hold
THE TATA Motors stock (current market price Rs 643) has run up sharply in the last few weeks and appears fully valued at present levels. However, shareholders can continue to hold the stock with a medium-term ... More

Gujarat Apollo Equipments: Buy
INVESTORS can consider exposures in the stock of Gujarat Apollo Equipment (GAEL), a small-cap stock with a market cap of just over Rs 100 crore. The stock is attractively valued at eight times its expected FY06 ... More

TECHNICAL ANALYSIS

Query Corner
S. Kumars Nationwide (Rs 54.4): The stock has been consolidating over the past couple of weeks. The earlier corrective phase from the high of Rs 65 appears to have been completed at the recent low of Rs 38. The stock appears to be ... More

Drop in indices on the cards
Preferred view: Contrary to expectations, a bearish trend prevailed during the week. In the process, the index dropped below the crucial trendline that has been referred to in earlier weeks. The break above this trendline proved to ... More

Bullish trend in SBI
SBI (Rs 924): The recent price pattern has not negated the view of a rally to Rs 1,050-Rs 1,100. Only a close below Rs 860 would invalidate the bullish view. This is one of our top technical picks from the banking space. Long-term ... More

Focus of the week
Mirza Tanners (Rs 168): After having topped at Rs 246 in March 2005, the stock has been in a major corrective phase. The stock touched a low of Rs 152 recently and has staged a recovery since then. The recent rally appears to be the ... More

INSIGHT

The search for the 17-PE stocks
Many fund managers advocate caution but they reason the market is not necessarily over-valued since the PE is only 17. More

MUTUAL FUNDS

Should I quit gilt funds?
"Accrual" products such as floating rate funds and liquid funds may be better options for investors who are averse to volatile returns. More

MFs launch new schemes

Franklin Templeton has launched `Franklin Templeton Fixed Tenure Fund'. This is a close-end fund, which will invest at least 70 per cent in debt instruments and the rest in equities. The objective is to provide steady returns and capital ... More

PruICICI Discovery Fund: Invest
INVESTORS looking for a variation to their portfolio of growth stocks can consider exposure to the PruICICI Discovery Fund (NAV: Rs 21.7). The fund's performance since launch in July 2004 has been noteworthy. Investors ... More

HDFC Premier Multicap Fund: Switch
THE performance of the HDFC Premier Multicap Fund has trailed peers as well as other equity funds from the HDFC fold in the period since launch. Investors who have a substantial portion of their portfolio parked in this ... More

CARS

Maruti, Ford raise prices
MARUTI Udyog has increased the prices of its products across the board. The price hike, which varies from Rs 1,500 to Rs 15,000 on various models is already effective. While the entry level Maruti 800 will cost Rs 3,000 more, Zen and WagonR will ... More

LIFE INSURANCE

Birla Sun Life launches `Simple Life'
Birla Sun Life Insurance has launched `Simple Life', an equity-linked insurance scheme. The product, which is designed for the mass market, aims to simplify procedures. The minimum annual payment towards premium is Rs 10,000 and the maximum is Rs ... More

STOCK MARKETS

Tax-loss harvesting
AT THIS time of the year, you may be investing in small savings schemes or eligible mutual funds to reduce your tax liability. If you are an active trader, there is another way to reduce your tax burden. It is called tax-loss harvesting. ... More

DERIVATIVES MARKETS

F&O POINTERS
Cautious trend may continue
Reliance de-merger issue, Q3 results and crude oil price could be the crucial factors that could decide the market direction. More

OPEN OFFERS

Greycells Entertainment: Reject
The company does not have a track record in the entertainment business, but the background of the acquirers suggests that there may be an emerging story. More

SOCIAL SECURITY

8.5 per cent EPF rate for 2005-06
Subscribers of the Employees Provident Fund will get an interest of 8.5 per cent on their deposits for the year 2005-06, as per notification issued by the Government. BL Research ... More

TELECOMMUNICATIONS

"One tariff" plan extended to fixed wireless
The One India and lifetime-incoming-free tariff plans of Reliance Infocomm have now been extended to its fixed wireless customers. Under the One India tariff plan, fixed wireless customers can make local and STD calls for Re 1 a minute. This ... More

PUBLIC SECTOR BANKS

SBI raises deposit rates
State Bank of India has made an upward revision of its domestic term. Interest rates have been increased by 25 to 50 basis points on deposits of different maturities. Senior citizens shall continue to receive 50 basis points above the card ... More

Andhra Bank to launch `mobile ATM'
Andhra Bank plans to launch a mobile ATM bus, which will be open for customer banking soon. The front portion of the bus will have an ATM, while the rest of the bus will be used for customer services. BL Research ... More

INCOME TAX

Computing agricultural tax liability
I HAVE business income of Rs 95,000 and agricultural income of Rs 1,95,000. These figures relate to the assessment year 2005-06. How will my tax liability be computed? Chari Suresh Reply Agricultural income ... More

Dividends exempt from tax
ARE all dividends exempt from tax? Is there any exception to the rule that dividends are exempt from tax? Ramesh Reply Dividends are normally exempt from income tax. However, only dividends of the nature referred to in Section 115-O ... More

IPOS

Sree Sakthi Paper Mills: Invest
INVESTORS with a two/three-year perspective can consider exposure in Sree Sakthi Paper Mills, as there is scope for a substantial scaling up of revenues and earnings. In the packaging paper business, growth prospects ... More

Royal Orchid Hotels: Invest at cut-off
THE stock market is about to make room for one more hotel stock — Royal Orchid Hotels. An investment in the initial public offer can be considered from a medium-term perspective. The price band of Rs 150-165 ... More

Dynemic Products: Avoid
INVESTORS can avoid the initial public offering of Dynemic Products. At Rs 35 (including a premium of Rs 25), the offer price appears stretched. The offer is priced at over two times its last reported book value and at ... More

PUBLIC OFFER

Bank of Baroda: Invest at Rs 230
INVESTMENTS in the public offer of Bank of Baroda can be considered at the higher end of the price band. The stock is under-valued relative to its fundamental strengths. The valuation reflects the bank's poor ... More

Andhra Bank: Avoid
AN INVESTMENT in the public offer of Andhra Bank can be avoided. The offer is priced stiffly and the downside risks are high. An entry into the stock can be considered when the valuation is more attractive. Andhra ... More

Raj Rayon: Avoid
INVESTORS need not subscribe to the seasoned offer of Raj Rayon. The price band of Rs 55-65 is at a modest discount to the current market price of Rs 75. The offer is valued at eight to 10 times the annualised per share ... More

RIGHTS ISSUE

Ramco Systems: Invest
SHAREHOLDERS of Ramco Systems can consider investing in the rights offer at Rs 210 per share. This offer remains appropriate only for shareholders with a holding period of more than a year. The attractive pricing, ... More

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