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Sunday, September 03, 2006


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INVESTMENT WORLD

INVESTMENT QUOTIENT
Investment Quiz
1. Indra Nooyi is set to occupy the top post at Pepsi; in the process, Pepsi will become the second-largest company within the Fortune 100 to be headed by a woman. Patricia Woertz heads the largest. Of which company is ... More

INSIGHT
Putting up iron-clad defences
Steel Sector expansion plans More

FERTILISERS
Basant Agro: Avoid
Earnings are unlikely to match growth in equity as Basant Agro proposes to use a chunk of the net proceeds to meet working-capital requirements. More

MUTUAL FUNDS
Quantum Long-Term Equity Fund: Hold
Quantum, with its value investing style, is clearly for investors with a long-term investment perspective, especially as undervalued stocks take time to deliver. More

Birla Sun Life Equity Fund: Hold
Unitholders can stay with Birla Sun Life Equity Fund. It's three-year and five-year record places it among the ten top performing mutual funds under the diversified category. The fund was launched in August 1998 under the Alliance Equity Fund ... More

Market View
Despite short-term corrections in price of crude oil, it is widely accepted that oil prices would remain higher than long-term averages through 2006-07. The impact on economies could vary, developing economies being impacted more ... More

DSPML Opportunities Fund: Upbeat on software, telecom and media
This week we look at a fund whose investment objective is to respond to the dynamic economy by moving investments across sectors. Here is an analysis of DSPML Opportunities Fund's portfolio shuffle between April and July 2006. The fund stepped up ... More

Update
LIC Mutual has declared a dividend of 10 per cent under LICMF Balanced Fund. The record date is September 5. LIC Mutual has changed the load structure for its Index fund. The present entry load up to Rs 1 crore is 2.25 per cent. And there ... More

Fund Talk
I am interested in starting an SIP in 3-4 funds. Can you recommend some funds where I can start SIPs and continue them on a long-term basis? How long should an SIP be continued to get good returns? Ranjit Nair You can consider ... More

PHARMACEUTICALS
Matrix offloaded
With Matrix being snapped up by Mylan, the key issue now is whether this trend will gather pace. India's knowledge pool and cost competitiveness have always made it attractive for multinationals and, in recent times names of leading Indian ... More

STOCKS
Era Constructions: Buy
Investor can consider fresh exposures in the stock of Era Constructions (Era). The stock trades at a price earnings multiple of 10 times its expected 2006-07 per-share earnings. Our view is based on the healthy order flow, better ... More

Aurobindo Pharma: Hold
Aurobindo's entry into the US market may have been later than peers, but it is making up for the lost time by aggressively upping the pace of its filings. More

Aztec Software: Hold
While the demand for product engineering services is encouraging, Aztec's ability to mine its top five clients and enhance volume growth from its new clients holds the key to its valuation. More

TECHNICAL ANALYSIS
Index Outlook
And the rally continues... Laboriously and tediously, piling one green tick on top of another, the Sensex is inching its way higher. The Indian markets showed remarkable resilience last week refusing to be buffeted by turbulence in the ... More

Reliance
The price of Reliance moved sideways in a range between Rs 1,100 and Rs 1,150 last week. The momentum is slowing down in both the daily as well as the weekly charts. A quiet consolidation phase is always welcome after a heady run. Our view ... More

SBI
The price of SBI is moving in an upward trajectory, heading towards our targets of Rs 950 and then Rs 1,013. The price hit an intra week high of Rs 939 on Thursday. The price is moving in an upward moving trend channel since the low of 19th July, ... More

Tata Steel
Tata Steel weakened last week to fall to a low of Rs 492.8 on Friday. The price is still in the range that we mentioned last week, between Rs 500 and Rs 540. So the outlook remains neutral. The important resistance level next week will continue ... More

Infosys
The Infosys stock reversed from a low of Rs 1,750 last Monday and went on to hit a high of Rs 1,819 on Thursday. Some signs of slowing down are evident on the weekly chart. But, our view will continue to be positive as long as the price stays ... More

ONGC
The ONGC stock moved sideways last week, hitting an inter week high of Rs 1,239. The price is still struggling to overcome the resistance at Rs 1,250. A strong breach of this level is required to propel the prices forward. But our medium ... More

Tata Motors
The price of Tata Motors stayed steadfastly within the range that it had defined the previous week. The price fluctuated in an extremely narrow band between Rs 840 and Rs 870. Since this consolidation comes after a sharp upward move, the ... More

Trader's Corner
In the middle of the 19th Century, there was a gold rush in America that tore men from their well-settled lives in search of the yellow metal that promised to make them rich overnight. A modern day parallel can be drawn between the day trading ... More

Query corner
Please tell me the future of Gitanjali Gems, which I purchased at Rs 190 and JP Hydro purchased at Rs 34. Shekhar Chopra, Port Blair. Gitanjali Gems (Rs 196.8): The chart is showing good momentum since the bottom formed in ... More

CARS
Pamper shops for Mercs
In keeping with the rising demand for Mercedes Benz cars, DaimlerChrysler has identified India as a pilot market, which status requires dealerships to upgrade to the company's international standards. More

Tata Motors to launch all new Indigo
I am planning to buy the Tata Indigo LX model. But I hear that Tata Motors is planning to give the Indigo sedan a facelift and is to launch the new model with its own CRDi engine series. Is this true? How exactly will the new Indigo vary ... More

GM hard-selling the Optra
General Motors India has knocked off over seven per cent of the Chevrolet Optra's ex-showroom price and packaged other benefits for the car's buyers as part of a new promotion scheme. Under the customer-friendly scheme `Total Peace Of Mind And ... More

TWO/THREE WHEELERS
Happier on two wheels
TNS Automotive's 2006 Motorcycle Total Customer Satisfaction study reveal improved overall customer satisfaction and some interesting facts More

STOCK MARKETS
The greed factor
Consider this. You decide to buy a car. You find that the price of the car that you wanted to buy has increased by Rs 25,000. What do you do? Chances are you will wait till the price comes down. Or if you need a ... More

Bull's Eye
More

Baskets of X
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 would like to be a 100% product company'
We have a different long-term perspective compared to other banking software companies in India... We are moving away from a lower level to a high quality, highly successful, mature product, where you get higher licence revenues... And orders of the GMAC kind will present a huge opportunity... — MR VISHNU DUSAD, MANAGING DIRECTOR; NUCLEUS SOFTWARE More

INCOME TAX
Prospering from multiplying shares
I purchased 100 shares of a company in 2000 for Rs 4,000 per share. The company has split its shares and allotted five shares for every share held. The company has also given a bonus of 12 shares for every one share held after the splitting. I ... More

IPOS
HOV Services: Invest at cut-off
HOV Services is a risky play on the BPO opportunity. Managing high client concentration, attrition and competition remains a challenge. More

Usher Agro: Avoid
Better options at the higher end of the food processing chain are available in the secondary market at attractive valuations. More

Atlanta: Invest at cut-off
Atlanta's reasonable valuations, good operating margins and a strong order-book lend optimism from a near-term perspective. More

Action Construction Equipment: Invest
Ace's broader product offering in terms of capacity and better margins give it an edge over its competitors. More

BOOKS
Successful trading is based on three Ms
Mind is your trading psychology; method is how you analyse markets; money is risk control. More






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Top Stories
Index Outlook

Putting up iron-clad defences

Pamper shops for Mercs

`We would like to be a 100% product company'

Looking back
Aug. 27-Sep. 2
Tata Chemicals: Buy

`We are aggressively looking at non-fuel offerings from our retail outlets'

Tata group: A phase of `material' change

Read ULIPs well before investing

Index Outlook

Nifty, Infosys may turn weak


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