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Sunday, July 23, 2006


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INVESTMENT WORLD

STOCKS
Kirloskar Brothers: Buy
Investors can consider taking fresh exposures in Kirloskar Brothers at Rs 296 on the back of solid performance for the first quarter ended June 2006. Improving margins, impressive order book, increased Government spending on irrigation and water ... More

Dabur India: Hold
A revival in traditional spending categories could mean that Dabur would be more resilient to a slowdown now. More

Satyam Computers: Hold
Despite a strong first quarter and an upward revision in guidance, sluggish growth in revenues from the top five clients and sequential drop in per-share earnings make this stock a hold. More

Maharashtra Seamless: Buy
Robust earnings momentum, buoyant demand, widening client base and attractive valuations make the stock attractive. More

TECHNICAL ANALYSIS
Trader's Corner
At any given point in time, there is always a story in the stock market that is cited to be a sure-shot winner, mutli-bagger, jackpot or whatever else it may be called. It can be Internet stocks one day, retail stocks the next, realty stocks the ... More

Query Corner
MRO-TEK (Rs 61): The price of MRO-TEK has recovered smartly since the low of Rs 49 made on June 13. The price is currently in a medium term uptrend. There is a possibility of a breakout to Rs 72 or Rs 75 in the short- term. The ... More

Weak trend in Nifty
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Index Outlook
Markets took one step backward last week. The Sensex recorded a loss of 5.5 per cent and closed the week at 10085.91, just above the psychological support of 10000. It was liquidity that turned unfavourable and eclipsed the strong first quarter ... More

Tech Tools
I am pursuing technical analysis but I am very confused about the tools that are used in technical analysis. Can you please tell me which technical tools are there with which I can learn to understand the know-how of technical analysis. Please ... More

Crucial support for Reliance
The price of RIL hit an inter-week high of Rs 1,068 on Monday and weakened thereafter touched a low of Rs 955. The fall last week was accompanied by increase in volumes. We have a medium-term reversal in the chart of RIL now. The next support is ... More

SBI
The price of SBI weakened in the first half of last week. But price has bounced off important long-term support of Rs 684. Both volume and momentum continue to be weak on this chart. The price is moving in a downward moving channel in the daily ... More

Tata Steel
The downward move intensified in Tata Steel last week but the price took support at the 200 day EMA positioned at Rs 470. An intermediate term down trend is fairly well established in the chart of Tata Steel. Price is expected to move lower ... More

Infosys
The price of Infosys touched an inter week high of Rs 1,699 on Thursday but closed the week on a negative note at Rs 1,608. As mentioned last week, there is short-term support at Rs 1,580. The price has halted here. If this support holds, we ... More

ACC
The price action in ACC was seen to be contracting last week. The price took support at the 50 day EMA positioned at Rs 796. But the momentum and the volumes suggest lack of strength at current levels. A breakout above Rs 835 is required to ... More

Tata Motors
The chart of Tata Motors weakened considerably last week as it fell way below its 200 day EMA and went on to test its June 2006 low. The price needs to rally above Rs 736 to restore stability and to take the price to Rs 757 or Rs 788. ... More

INSIGHT
What's in store for pharma MNCs?
Talk about the pharmaceutical industry in India and you will find that the conversation invariably veers around to discussing the prospects of such players as Dr Reddy's, Ranbaxy, Cipla and others of their tribe. Indeed, if their accomplishments ... More

Need for a `real' cooling off
News of a drop in speculative bookings of apartments is welcome, as the property market was increasingly falling into the grip of investors and speculators. More

MUTUAL FUNDS
PruICICI Discovery: Hold
Investors should stay with the fund over a long period to reap the benefits of value investing. More

Fund Talk
I have SIPs in four top-performing HDFC funds — HDFC Equity, HDFC Long Term Advantage, HDFC TaxSaver and HDFC Prudence. Recently they have started charging entry loads even for SIPs. Though I am continuing with them for the time being, I ... More

DBS Chola Midcap — Building on construction
The roller-coaster ride over the quarter ended June saw a number of mutual funds reshuffle their portfolios. Even as the bellwether indices declined, mid-cap stocks were more conspicuous than ever for the sharp slide witnessed. We take a look at ... More

HDFC Growth: Hold
Investors in HDFC Growth can stay invested. The fund was doing well in early 2006 just before the broad market decline. The recent correction, however, has again hit the performance. HDFC Growth's portfolio, however, inspires confidence that may ... More

Update
Tata Mutual has launched a three-year close-ended fund — Tata Capital Builder Fund. The fund will be converted to an open-ended scheme after completion of three years. The scheme aims at capital appreciation by investing mainly in ... More

Market View
It's tempting to believe that despite all the violence in May and June, little has changed to disturb the long-term up trend in emerging markets such as India. After all, the end of any major bull market is typically marked by far greater ... More

HOUSING FINANCE
Fixed or floating: Home loans get interesting
What do home-loan borrowers do now? Is conversion to a fixed rate loan beneficial? Will prepayment of your loan make sense? More

Insuring home-loans
My friend's cousin was visiting him in Toronto for the summer. A successful corporate executive in Mumbai, the cousin was planning to buy a two-bedroom apartment. He had already scouted for home-loans and found ... More

CARS
How cruise control takes control
Cruise control systems offer unique levels of comfort by eliminating the need for the driver to have the throttle pedal constantly floored when the car is travelling at high speeds. More

Make way for the Lamborghini
Lamborghinis, some of the fastest and most powerful street legal cars, have won the hearts of auto enthusiasts. The company now plans to enter India with two of its most coveted models. More

Question & Auto
Are passenger cars that are made in India so perfect that they never need a recall? I haven't come across any company announcing a single recall programme, while it is a fairly common practice in the US. Y. K.Agarwal Passenger car ... More

BANKING
Banking on consolidation
The Finance Minister, Mr P. Chidamabaram's warning that Indian banks would be reduced to small players if they don't get rid of the mental block against consolidation may act as a trigger for increased mergers in the banking space. Though bank ... More

STOCK MARKETS
Baskets of X
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Bull's Eye
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DERIVATIVES MARKETS

  • Options guide

    INCOME TAX
    Twice the fun in half the time
    I understand that the exemption in respect of leave travel allowance is available for two journeys performed in a block of four calendar years commencing from the calendar year 1986. I did not utilise the benefit of the exemption between 2002 ... More

    OPEN OFFERS
    Goldstone Technologies: Reject
    Shareholders of Goldstone Technologies can reject the open offer being made by the acquirer, Goldstone Exports, at Rs 24.01. This open offer by Goldstone Exports for 20 per cent equity stake in Goldstone Technologies follows the preferential ... More

    Info Drive Software: Accept
    Shareholders of Info Drive Software can tender to the open offer being made at Rs 7 by Bhari Information Technology Systems (Bitech) and Mr V. N. Seshagiri Rao. The open offer to acquire an additional 20 per cent equity stake follows a change ... More

    RIGHTS ISSUE
    HBL Nife Power Systems: Invest
    The company has a comfortable debt-equity ratio and interest coverage. Given the many opportunities in core applications such as telecom and power, the company has reasonable growth prospects. More

    Upper Ganges Sugar: Avoid
    While the prospects for Upper Ganges are bright on the ethanol front, falling global sugar prices are a concern. More

    BOOKS
    When others bluff and double-bluff
    The questions that each player asks himself are, up to a point, the same questions a bond trader asks himself More






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    Top Stories
    Index Outlook

    Weak trend in Nifty

    Fixed or floating: Home loans get interesting

    What's in store for pharma MNCs?

    Insuring home-loans

    Twice the fun in half the time

    Need for a `real' cooling off

    Make way for the Lamborghini

    Looking back
    Jul. 16-Jul. 22
    Infosys: Buy

    The haze over the market

    Birla Equity Fund: Invest

    Index Outlook

    `Lack of adequate refinery capacity driving market'

    Debt is back with a bang


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