The Hindu Business Line : Sunday, March 12, 2006

Investment Quiz
1. Wisden Cricket Asia was re-launched as Cricinfo a couple of months ago. Which listed Indian company publishes this magazine that is owned by Wisden? 2. At 43, the number of changes to the Nifty in a decade are one more than the Sensex over a ... More

BUYBACK

Ingersoll-Rand: Accept
Shareholders staying invested may not only be shooting in the dark but also missing out on other investment opportunities. More

AUTOMOBILES

WHEELS & DEALS

Shine from Honda
Honda has launched a new product at the higher end of the economy bikes segment. The 125-cc bike, christened Shine, is being offered in two versions. While the drum brake version costs Rs 45,120, the disc brake version costs about Rs ... More

INSIGHT

Spotlight on rising interest rates
`Grin and bear it' is the message for investors now. Rising interest rates could trip the equity market rally. Long-term investors, though, need not be sidetracked. Debt and equity investments will still yield enough to build wealth and beat inflatio n. More

MUTUAL FUNDS

FUND TALK
Will they lose their balance?
The Budget requires equity-oriented funds to have at least 65 per cent of their portfolio in stocks. How would this affect balanced funds such as Kotak Balance, HDFC Prudence and PruICICI Balanced Fund? I have invested in all three of them. ... More

UTI Basic Industries: Hold
UTI Basic Industries has returned about 69 per cent over the past year and 50 per cent a year since launch. More

PORTFOLIO MOVES
Reliance Equity Opportunities
In February 2006, 95 per cent of the assets of Reliance Equity Opportunities were invested in equity. We take a look at the reshuffling in the fund's portfolio after September 2005. The top 10 stocks accounted ... More

ING launches OptiMix Income Growth Fund

STOCKS

Dabur India: Buy
Investors can take exposure to the Dabur India stock to capitalise on the upturn in the FMCG sector. Consumer spending on FMCGs appears to be in the initial stages of a cyclical upswing that is likely to last several years. Dabur could report ... More

Raymond: Buy
Heavy investments in expanding facilities will reflect in Raymond's performance over the next couple of years. An attractive candidate for the portfolio from a long-term perspective, though returns could be moderate in the near term. More

KEC International: Hold
Restructuring has created a pure play in power transmission. More

Navin Fluorine: Sell
A buoyant trend in user industries has not translated into robust revenue growth for the company. More

Shree Renuka Sugars: Book profits
Good management and a sound business model make this a superior play in the sugar space. But valuations capture much of the likely growth potential. More

NYSE lists as NYX
Even for an institution with a rich history, the listing on the New York Stock Exchange of NYSE Group Inc's stock is a watershed. Yes, investors, who have for more than 200 years bought and sold shares of hundreds of companies, can now buy or ... More

TECHNICAL ANALYSIS

Index outlook
The market action was marked by a high degree of volatility during the week. After a sharp rally on Monday, the trend turned bearish in the next couple of days. The trend reversed again with the indices recording a sharp rally on Friday. The ... More

Strategy
I am a long-term investor. I do not see the "stop-loss" for stock recommendations featured in the pages other than the `Market Watch' page. What is the strategy to be followed on those stock calls, as you have mentioned that one should never ... More

Query Corner
What is the outlook for Orient Abrasive at Rs 35 and Finolex Industries bought at Rs 73? A. Shankar Rao & Narendra Bhatia Orient Abrasive (Rs 31): The near-term outlook appears positive and the stock could move to Rs 35-36. ... More

Chart focus
The stock has been on a major upward trend since the low of Rs 131 registered way back in May 2003. The subsequent price pattern neatly fits the parameters of the Elliott Wave theory. The stock appears to be headed towards Rs 575-580 in the ... More

Outlook is positive for SBI
The price action was in line with expectations. A bullish trend prevailed and the stock moved to the first target zone at Rs 920-930. The outlook remains bullish and a move to Rs 1,100-1,150 appears likely. The next short-term target is at Rs ... More

CARS

Geneva Motor Show: A pit-stop for everything auto
At this year's edition more than 140 world and European premieres have been announced, and 260 exhibitors are presenting about 900 different brands from 30 countries. More

A show stealer
Rolls-Royce's new 101EX concept is described as a 21st century interpretation of the classic Grand Touring Coupe, mixing the romance and flamboyance of yesterday with the technology of today. More

FINANCIAL MARKETS

BuffetSpeak
Forget the old maxim about nothing succeeding like success: Today, in the executive suite, the all-too-prevalent rule is that nothing succeeds like failure. More

STOCK MARKETS

What is loss aversion?
Consider this. My friend bought 500 shares of MTNL at Rs 155 in February. He wanted to sell his holding and take profits before trading closed on March 10. But he was told that the stock was likely to go up ... More

Trading tips
Never try to fight a trend by taking positions against the prevailing trend. Though it may be always tempting to buy a stock that is falling with an intention to lower the average cost of acquisition, such a practice should be ... More

DERIVATIVES MARKETS

Options guide
Call option: A call option gives the buyer `the right but not the obligation' to buy the stock at a specified price on a future date. Put option: A put option gives the buyer `the right but not the obligation' to sell a stock ... More

INTERVIEW

`We never learn from the past completely'
Inflation is deadly. It kills all financial markets, whether it is stock or bonds. I would watch inflation more than anything else. And I think we will see more global than local business cycles. More

Managing expectations is the challenge
Fund managers tell us that they are sitting on huge sums of money and facing a big challenge in finding good stocks at reasonable valuations. More

`The reality is nobody has made money in China'
The advantage in being viewed as an `option' is that more uncertainty feeds into its value. In conventional budgeting, more uncertainty reduces value. — PROF ASWATH DAMODARAN More

Buying a Phantom is likened to commissioning a piece of art
The highly successful debut of the Phantom makes us very confident about a bright future for our business in India. We believe that we are well positioned to participate in India's amazing economic growth. More

`We've narrowed in on a high growth universe'
We expect that the universe we have identified for this fund will grow at roughly thrice India's GDP, at about 24-25 per cent a year. More

INCOME TAX

Benefits of spending
My taxable salary is Rs 5,60,000. I have taken a life insurance policy and pay a quarterly premium of Rs 35,000. I have also taken a housing loan of Rs 12 lakh for acquiring a flat. The total cost of the flat is Rs 17,00,000. The flat is ... More

Bridging the tax gulf
One of my relatives is posted in Saudi Arabia on deputation for three years. He left India on September 27, 2005. He intends to come to India for 5-6 days before March 31, 2006. Will the salary earned by him in Saudi Arabia be taxable in ... More

IPOS

Adhunik Metalliks: Avoid
Steep valuation, absence of a favourable business outlook and high dependence on debt fail to add lustre to this IPO. More

Shivalik Global: Avoid
The expansion plans appear ambitious. Depreciation and expanded equity base are likely to act as dampeners on per share earnings. More

RIGHTS ISSUE