INVESTMENT WORLD
STOCKS
Mahindra & Mahindra: Buy
Investors with a long-term perspective can consider investing in the Mahindra & Mahindra (M&M) stock at the current price of Rs 620. The stock has moved in tandem with the market and has gone up by about 8 per cent over the last month. But ..
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Indian Overseas Bank: Buy
The ability to generate superior returns, the impressive business growth and the benefits likely to accrue from the acquisition of Bharat Overseas Bank make IOB a bankable stock.
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IDFC: Buy
IDFC's high return on assets, low leverage, limited proportion of bad loans and low operating costs outweigh concerns on rising cost of funds and declining spreads.
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GHCL: Buy
GHCL's textile division has morphed into an integrated home textiles player with acquisitions of Dan River, US, and Rosebys, UK.
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Shoppers' Stop: Buy
Significant growth could kick in after 2008, if Shoppers' Stop decides to invest in the hypermarket venture.
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INVESTMENT QUOTIENT
Investment Quiz
1. This European company is credited with launching an iconic scooter brand 60 years ago. It is also set to launch its initial public offering next month. Which company is it? 2. A doctorate in Electrical ...
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INSIGHT
Cap the gushing oil companies
Announcements of oil or gas discoveries are price-sensitive information from the stock market perspective and need to be regulated. The DGH guidelines issued in May are the first such initiative. But, as the Niko episode shows, it is not enough.
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MUTUAL FUNDS
Franklin India Prima Plus: Hold
Prima Plus' portfolio straddles a range of sectors. Its major holdings are in software, capital goods and banking. It is slightly underweight on the auto sector, which could explain some of its underperformance.
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Petro, telecom enhanced
Between February and May, the assets of DSP Merrill Lynch India T.I.G.E.R Fund grew 40 per cent to Rs 1,008 crore. The fund held about 70 stocks in its basket as of May 2006. The top ten holdings accounted for 31 per cent of the portfolio. The ...
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Principal Growth: Hold
Investments in Principal Growth Fund may be retained. No fresh investments need to be considered at this juncture, though the fund has delivered returns in excess of its benchmark, the Nifty, every year since its inception. Over the past three ...
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Fund Talk
I am a professional (26 years old) working in a consultancy firm. Risk profile: High. I want to purchase mutual funds for saving tax and as an investment option. I had bought ELSS (Tax Saving MFs) last year from PruICICI, HDFC TaxSaver & ...
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Market View
Strong fourth quarter GDP growth numbers and the advance tax data shows that there is no slow down in economy and corporate profitability in the near term. We expect that the revenue and profit growth numbers of corporates will ...
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Fund Update
The SEBI Board has approved guidelines for Real Estate Mutual Funds (REMFs). Such funds will be allowed to invest directly or indirectly in real estate properties within India, mortgage (housing lease) backed securities, equity ...
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CARS
In-car navigation systems Not positioned yet in Indian market
In terms of market size and penetration, digital in-car navigations systems represent a small percentage of the total passenger vehicle population. However, there appears to be sizeable growth potential for the device.
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Nippon's SatGuide
One of the first satellite-based handheld navigation devices to be launched in the country was Nippon Audiotronix's SatGuide. Built and endowed with features like a pocket PC, Nippon SatGuide is a touch-screen navigation device that uses the ...
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A plusher Endeavour
Ford India has launched a new freshened version of the Endeavour, its premium sports utility vehicle. Based on emerging customer demands, the new Ford Endeavour variant has plush leather seats and door trim inserts that enhance the plush-ness of ...
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FACE LIFT
Premium boosters in the new Chevrolet Tavera Neo
Facelifts to refresh the image of existing models is an oft-used strategy by automobile companies trying to revitalise sales of their passenger vehicles. The apparent reason driving the change to the vehicle model is to rejuvenate the ...
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COFFEE
A power brew
Tata Coffee's recent acquisition from private equity firm Gryphon Investors of Eight O'Clock (EOC), a coffee manufacturer and distributor in the US, appears to be a surprise concoction, size-wise. The deal comes after Tata Coffee tested the ...
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STOCK MARKETS
Is the world just?
A friend had invested in the stock market for the first time in January. His investment has already shed 15 per cent. His wife rationalised the loss this way: The money was never meant to be theirs. Else, why else would they have invested in the ...
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Bull's Eye
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Baskets of X
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DERIVATIVES MARKETS
Momentum set to continue
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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 ...
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INTERVIEW
`Consolidation is absolutely imminent'
In the next five years, there won't be just one but a few big bang acquisitions. If you believe in the Rule of Three, that will happen here. It's going to take place globally. MR SHIV NADAR, CHAIRMAN AND CEO, HCL TECHNOLOGIES
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`We are trying to dominate the multi-service space'
We are changing our people policy, customer policy, the way we do services and customer acquisition. There are 63 initiatives on which we are changing, simultaneously. VINEET NAYAR, PRESIDENT, HCL TECHNOLOGIES
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Interest rates may remain benign
Any increase in interest rate will not bite either the retail or the industrial borrower. So, in that sense, it is benign. The rise we see from the bottom, in absolute terms, is still low and will not impact the borrower. PROF. T . T. RAM MOHAN, IIM-A
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INCOME TAX
How much of my prize money will the taxman prise away?
In the financial year 2005-06 one of my friends won Rs 64 lakh in the game show `Kaun Banega Crorepati'. Tax of Rs 24 lakh has been deducted at source on the payment made. My friend does not have any other source of income. Will it be possible ...
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IPOS
Shirdi Industries: Avoid
The wood-based industry is plagued by illegal activities, as a result of which the unorganised space continues to thrive.
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BOOKS
Market is a moving target, as in football
All work and no play makes Jack a dull boy. Ditto with all trading and no fun. Which is why it is relevant to read A Playbook for Stock Market Success from Bloomberg (www.bloomberg.com): Tom Dorsey's Trading Tips by Thomas J. Dorsey ...
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