The Hindu Business Line : Sunday, February 05, 2006

Chettinad Cement: Buy
EXPOSURES may be considered in Chettinad Cement Corporation (Rs 263), as it appears to hold potential to provide gains linked to fundamentals; it is also a potential participant in the consolidation process over the long term. Higher cement ... More

Wipro: Hold
SHAREHOLDERS can retain their exposures in the Wipro stock. At the current price levels, it is richly valued and fresh exposures can be considered on weakness linked to the broad markets. The stock has run-up by about 12 per cent since the start ... More

Hotels: Venture and gain
Asian Hotels: Buy
Hotel Leelaventure: Buy
Oriental Hotels: Buy
More

Hindustan Zinc: Buy
FIRM prices coupled with volume growth and cost savings from its newly added capacities make the Hindustan Zinc stock attractive. In addition, the earnings growth along with strong operational and financial contours ... More

TVS Motor: Buy
LONG-TERM investors may consider equity investment in TVS Motor at prevailing levels. After a slowdown in motorcycle sales volume, the success of new model launches has helped the company log increased sales volume in ... More

INVESTMENT QUOTIENT

Investment quiz
4. Franklin Prima and Franklin Bluechip were the first open-end equity funds in India. Launched in 1993, they have an impressive track record. Name the fund manager who has been at the helm of these two funds for over a decade now. 5. Who were ... More

OPEN OFFERS

Telephoto Entertainments: Reject
SHAREHOLDERS of Telephoto Entertainments can reject the open offer, as there is a possibility that the company's operations under the new promoter group could deliver value. The open offer is priced at Rs 19 per share. The stock has, over the ... More

INSIGHT

Gujarat Ambuja Cements — Holcim's gateway to India
Gujarat Ambuja: Hold
ACC: Hold More

What drives Holcim's strategy
"I THINK everybody is very positive about India. There's substantial further growth expected in the coming years," said Mr Markus Akermann, Chief Executive Officer of Holcim, in a conference call on ... More

Brand buyouts boost homegrown FMCGs
THE LARGE war chests of homegrown FMCG companies are finally being put to work. Companies such as Dabur, Godrej Consumer Products and Marico Industries, for long on the "prowl" for acquisitions, have engaged in some ... More

COURTS/LEGAL ISSUES

A bright child as a labourer!
SHIV Kumar studied in Mount Carmel School, Hoshiarpur, from kindergarten. He appeared for the Indian School Certificate Examination (ISCE), equivalent to Class X. Before the results were out, a jeep-bus collision ... More

MUTUAL FUNDS

Sundaram India Leadership: Hold
UNITHOLDERS can retain Sundaram India Leadership Fund. Its performance has been impressive since its launch in July 2004 and, over the past year, it has delivered a return of about 75 per cent, beating the benchmark Sensex by about 25 percentage ... More

Birla MF launches Infrastructure Fund

BIRLA Mutual Fund has launched Birla Infrastructure Fund. This diversified equity scheme plans to invest in equities of companies participating in the growth and development of infrastructure in India. The new fund offer (NFO) will be ... More

Reliance Banking: Invest
INVESTMENTS can be considered in Reliance Banking. The valuation of a number of public sector bank stocks and old private sector bank stocks appear attractive. Besides, a number of non-banking financial service companies are also poised to ... More

TECHNICAL ANALYSIS

Near-term outlook turns weak for Nifty
Preferred view: The week that passed by was a watershed as far as Nifty is concerned. The index moved past the psychological 3000-point mark during the week. It closed above it on Tuesday and could not hold on above this level on ... More

Query Corner
I bought Hindustan Construction recently. Please let me know if it is advisable to hold the stock or switch to Larsen and Tourbo from a one-year holding perspective. — Samir Das. Hindustan Construction (Rs 152): The ... More

Pricey confluence
As a beginner in Technical Analysis, I believe that it should be a confluence of pattern, and not just one particular indication that should be used to draw inference about the trends. There are a variety of tools such as moving averages, RSI, ... More

Focus of the week
Aurobindo Pharma (Rs 566): Elliott Wave works like a charm in this stock. An Elliott Wave enthusiast need not look beyond this stock for an understanding the basics of the theory. The stock completed a major Wave 1 at Rs 425 in January ... More

Infosys, Satyam chart divergent patterns
Infosys (Rs 2,788): A bearish trend prevailed and the stock moved closer to its support zone at Rs 2,750-2,760. A close below Rs 2,750 would result in a drop to Rs 2,700-2,705. The medium-term trend would turn bearish on a close below ... More

CARS

Safety minuses for sales plus
THE Elantra was a much-anticipated car, especially among those in the know about its performance, capability and value-for-money proposition. But Hyundai Motor India has been unable to shake off this image of being ... More

TWO/THREE WHEELERS

Riding into a new market with Pleasure
OVER the years, the Indian automobile industry has seen the dominant players hog market share in almost every vehicular category, be it two-wheelers or passenger cars. How these companies managed to stay ahead ... More

STOCK MARKETS

Style benchmarks
MY FRIEND'S father had parked some money with a portfolio management scheme . The Scheme has returned 40 per cent for a certain period in 2005 against a 25 per cent movement in the Nifty index. Naturally, my friend's father was overjoyed, as the ... More

Pick a winner stock market contest

DERIVATIVES MARKETS

Nifty may drift
LAST week we had indicated that a mixed outlook may be in store for the Nifty. We had indicated that the Nifty (spot) might go up to touch 3010-3015 points on the positive side and to 2865-75 on the downward side. In line with our expectation, ... More

FIXED DEPOSITS

FD OPTIONS
Wheels India: Invest in cumulative option
Wheels India: An investment can be considered in the FD options across tenures of Wheels India. The rate of 7.5 per cent on offer is attractive for a three-year period. Choose the cumulative option, as it would offer a slightly higher ... More

INTERVIEW

Prophetic
IN October 2004, Mr Anil Singhvi, the then Executive Director (Finance) of Gujarat Ambuja Cements, spoke extensively to Business Line about the group's business strategy, especially its view on ACC and the bids by MNCs. He is now the ... More

INCOME TAX

To file or not to file
I AM a housewife. I have been buying and selling shares and the source for investment has been the property inherited from my parents and from out of agricultural income. I have not filed my returns so far, as my ... More

IPOS

Sadbhav Engineering: Invest at cut-off
INVESTORS with a long-term investment horizon can consider subscribing to the initial public offer of Sadbhav Engineering. At the price band of Rs 165-185, the price-earnings ratio works out to 9-10 times the expected FY-07 earnings on a post ... More

Sakuma Exports: Avoid
INVESTORS can avoid subscribing to the initial public offer from Sakuma Exports. The structuring of the offermay leave scope for gains at a later date, on the conversion of warrants. But the stock is not a desirable addition to the portfolio. ... More

BOOKS

Say `YO!' to the roaring bulls
How do the big bulls of Wall Street recruit? Nicole Ridgway tells the story in "The Running of the Bulls," from Penguin (www.penguinbooksindia.com). For this, she takes a ringside look at `the cutthroat ... More

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Top Stories
Brand buyouts boost homegrown FMCGs

Near-term outlook turns weak for Nifty

Gujarat Ambuja Cements — Holcim's gateway to India

What drives Holcim's strategy

Riding into a new market with Pleasure

In Focus

Infrastructure woes stare IT sector