The revival of global investor interest in emerging market stocks is led by the BRIC economies — Brazil, Russia, India and China. Emerging Portfolio Fund Research reports that 25 per cent of all emerging market fund flows ...
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PruICICI Infrastructure Fund: Trims cement, power
PruICICI Infrastructure Fund is a theme-based fund launched in September 2005 with the objective of capital appreciation derived from the growth and development of the infrastructure sector. We take a look at the churn in its portfolio between ...
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Fund Talk
There are now several articles that suggest that sectors such as pharma and banking are expected to outperform, after under-performing in recent years. Technology, FMCG and infrastructure are also expected to do well. What is your opinion on ...
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Fund Update
Birla Sun Life Mutual has declared a dividend of 60 per cent under Birla Sun Life Frontline Equity. The record date is August 28. SBI Mutual has declared a dividend of 25 per cent under Magnum Midcap, the record date for which is ...
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STOCKS
Hindalco: Buy
Investors may consider buying the Hindalco stock with a one- to two-year perspective. At its current price of Rs 172, the stock is trading at a multiple of about nine times its expected FY07 per-share earnings. Hindalco has come out with a ...
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R Systems: Buy
The relatively nascent growth of the outsourced product development, good client relationships and expertise across verticals are encouraging.
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Hotel Leela Venture: Buy
Attractive valuations, an emerging pan-India presence and strong occupancy and tariff rates would drive Hotel Leela's earning's growth.
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Tata Chemicals: Buy
Tata Chemicals' acquisition of the Brunner Mond Group is expected to pay off with the company having access to a wider spectrum of markets and natural soda ash process.
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TECHNICAL ANALYSIS
Trader's Corner
We had discussed the scalping style of trading in last week. This week, we turn our attention towards another style of trading called swing trading. As the term denotes, swing trading is done to take advantage of one swing (or move) in the ...
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Query Corner
What is the outlook for Arvind Mills bought at Rs 102 and Praj Ind bought at Rs 190? Piyush Shah Arvind Mills (Rs 61): The price is moving in a sideways range between Rs 52 and Rs 66 since June 2006. The long-term trend ...
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Tech Tools
I am a regular reader of the Sunday edition of Business Line and a small investor and a relatively a new member foraying into the stock market. I am uncomfortable about investing in stocks without adequate technical analysis or ...
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Index Outlook
Indian markets spent the last week in a somnolent state not going anywhere in particular. The Sensex managed to pull off a positive close thanks to some rearguard action by the heavyweights such as Reliance and SBI towards the end of the week. ...
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Uptrend to sustain in Reliance
It achieved our first target of Rs 1,119 and hit an intra-week high of Rs 1,125 on Friday. The momentum continues to be strong on both the daily and the weekly charts. As long as the price sustains above Rs 1,040, the stock should head ...
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INFOSYS
The stock achieved our first target of Rs 1,800 last Tuesday and then slid downward for the rest of the week. The short-term outlook is negative. But strong support lies at about Rs 1,720. The support beyond Rs 1,720 is at Rs 1,660. A ...
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TATA STEEL
The stock is consolidating in a sideways band between Rs 500 and Rs 540 over the last three weeks. The outlook is neutral this week. The price can continue to be range-bound this week as well. We need a breakout from the aforementioned ...
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SBI
The price reversed on Thursday from an intra-week low of Rs 855 to soar upward to a high of Rs 913.8 on Friday. The breakout on Friday was accompanied by a spurt in volumes, which is a good sign. The price has closed above the immediate ...
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ONGC
The stock saw subdued trading last week as the price moved in a sideways band between Rs 1,170 and Rs 1,220. The price has supports at Rs 1,160 and then at Rs 1,110 this week. Do not initiate fresh long positions if the price falls below Rs ...
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TATA MOTORS
The stock went absolutely nowhere last week. The price eventually closed unchanged from the previous week's close. The stock spent the week consolidating sideways. This is a positive sign as far as the medium-term trend is concerned. However, ...
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TYRES
Goodyear's shop-in-shops
To garner a larger pie of the lucrative replacement market, Goodyear India has announced plans to expand its dealer network. The company is to introduce its internationally acclaimed shop-in-shop sales outlets in India. The company said ...
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CARS
The new Fusion — `Ad'ding to the image
The new Fusion has had more changes inside than outside. Built for a purpose and loaded with very practical features, it could be a compelling option for most small car buyers. It may not, however, enthuse the overly mileage and value-conscious buyer s.
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Optra goes the CNG way
Alternative fuel is moving up the viability scale, as fuel economy appears to be the buzzword among car manufacturers. Following Maruti's launch of the Liquefied Petroleum Gas-powered WagonR, GM has launched a Compressed Natural Gas-powered ...
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Maruti tops in sales satisfaction
Maruti has once again topped the rankings in the J.D. Power Asia Pacific Sales Satisfaction Study 2006. The auto major has bagged the top slot for the third straight year. According to the J. D. Power Study, Maruti outperformed other ...
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HM rolls out Mitsubishi Montero
Hindustan Motors has launched the Montero, the sports utility vehicle (SUV), from the Mitsubishi stable. The Montero is the second model to be launched from Mitsubishi, Japan, this year, taking the total count of models available under this brand ...
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STOCK MARKETS
Bull's Eye
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Bata, by strategy!
My friend considers himself an unlucky equity trader. Half the time, his buy/sell orders do not get filled. He always places an order at a price, a whole number, which is more than the current market price if ...
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Baskets of X
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DERIVATIVES MARKETS
Nifty, Infosys may turn weak
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Options guide
MERGERS & ACQUISITIONS
Infusion of opportunity
Tata Tea, hamstrung by limited opportunities in the beverages market, is backing the inorganic growth route yet again. The Tata group has signed an agreement to acquire TSG Consumer Partners' stake in Glacéau (Energy Brands), the makers of ...
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INTERVIEW
`We are aggressively looking at non-fuel offerings from our retail outlets'
"People are looking for convenience and oil companies have sites that can lend themselves to convenience stores... Indian Oil sees an opportunity in this... Basically it is a combination of convenience to the customers, ensure that the fuel business does not shift to the malls, and, of course, the revenues." — MR SARTHAK BEHURIA, CMD, INDIAN OIL
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INCOME TAX
Shares of stocks, tax-free
I have gifted some stocks to my daughter. These are to be transferred to her so that she can sell them and share the proceeds equally with her sister and brother. In this case, will there be any tax implication on me or my daughter? When ...
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IPOS
Kew Industries: Avoid
The offer carries a high risk element given its small size of operations and stiff competition from the unorganised sector and larger established players
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Deep Industries: Avoid
Investors may refrain from investing in the initial public offering (IPO) by Deep Industries at an offer price of Rs 36 per share. The offer is stiffly priced at 17 times its trailing 2005-06 earnings. While the potential for natural gas ...
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Voltamp Transformers: Invest at cut-off
The order book of Rs 250 crore is likely to be converted to revenues in the next 3-4 months and is a reflection of the growing demand for power equipment.
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BOOKS
Into the exotic world of futures
Is a calculated risk taker: a) a hedger; b) a speculator; c) a gambler; d) none of the above.
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