The Hindu Business Line : Sunday, September 17, 2006

STOCKS
Varun Shipping: Buy
Investors can consider taking exposures in the stock of Varun Shipping, which trades at five times its trailing 12-month earnings. With freight rates firming up and buoyancy in global trade, Varun Shipping is likely to sustain growth in ... More

Kalpataru Power Transmission: Buy
Price variable contracts in the domestic market have helped the company hedge against volatile prices of raw materials such as steel, aluminium and zinc, resulting in better price realisation. More

Navin Fluroine: Buy
Navin Fluroine's Clean Development Mechanism project, scheduled for completion by middle of FY-08, will entitle it to about two million Certified Emission Reductions on a yearly basis till 2012. More

Berger Paints: Hold
Though near-term pointers suggest that the stock could rule firm, most of it appears to be captured in the valuation. More

Mastek: Buy
Mastek's strong order book position, its progress into the US market and a steady improvement in financials are encouraging. Slowdown in US and high client concentration remain the key risks. More

INVESTMENT QUOTIENT
Investment Quiz
1. It is a US-based company that was in the news recently (hint: an Indian connection) and is headed by Robert Coury. Which outfit are we talking about? 2. It is a body that started off well over 100 years ... More

OPEN OFFERS
WPIL: Accept
Shareholders of WPIL can exit the company by tendering to the open offer. Since the market price of Rs 35 is higher than the open offer price of Rs 32.45, exiting through the secondary offer route may be considered. The stock has been going up on ... More

AUTOMOBILES
Bank-rolled Innova
As part of the celebrations on the sale of 50,000 Innovas, Toyota has come out with yet another offer on the SUV. The automaker has tied up with ICICI Bank for a finance scheme. Under the scheme, Toyota is offering three options for loans ... More

INSIGHT
The story from 12K to 12K...
... and what is driving the rally this time More

By the letter and spirit of prospectus
Of late there have been repeated, and often exaggerated, reports about a company and its outlook in the media, both electronic and print, in the run-up to the initial public offering of shares. Seasoned institutional investors may shrug off the ... More

IDBI-United Western Bank merger
Advantage, branch and rural roots
IDBI: BUY
UWB: ACCEPT More

MUTUAL FUNDS
Kotak Contra: Hold
Mid-cap stocks, which have potential to deliver higher returns, carry higher risk too. Hence, this fund is suitable for investors with moderate risk profile. More

Templeton India Pension Plan: Invest
This plan is suitable for investors looking at retirement after 58 years and willing to stay with the fund for the long term. More

Sundaram BNP Paribas Select Midcap
Top sectors pruned, software enhanced
Sundaram BNP Paribas Select Midcap has been one of the star performers in the mid-cap space for past year. Being one of the few funds to hold cash close to 35 per cent just before the May correction has helped the fund retain most of its gains ... More

Market View
The real question (on overseas investments and capital account convertibility) asked in one-way or the other is "why should I invest overseas when there are ample opportunities at home?" India has offered and continues to offer one ... More

Update
Franklin Templeton Investments has declared a dividend of Rs 3 per unit, or 30 per cent, under Franklin India Opportunities. The record date for the dividend payout is September 13. PruICICI Mutual has revised exit loads for ... More

Fund Talk
I am 25 years old and am investing Rs 1,000 per month in HDFC TaxSaver, and Rs 500 each in SBI Magnum Taxgain and Franklin India Prima. I am an aggressive investor and want to continue investing this amount for 15 years. Please tell me if ... More

PETROLEUM
Huge interest in NELP-VI bidding
It is easy to term NELP-VI, which has attracted 165 bids for 52 blocks from various domestic and foreign oil exploration companies, a grand success. The only problem with it is that, except for BP, none of the other biggies such as ExxonMobil, ... More

TECHNICAL ANALYSIS
Nifty may remain in a tight range
Negative trend in Reliance Communication More

Reliance
It has to go down as a flat close for the stock, though it went on a roller-coaster ride, dragging the entire market down in the early part of last week. The price completed a 34 per cent retracement of the move from the low of Rs 940 last ... More

SBI
Stocks hardly follow the script that is written for them. But, SBI did precisely that last week. It reversed from our weekly support of Rs 910 and went on to our upper target of Rs 980. There is a return of momentum in the daily chart. The ... More

Tata Steel
The stock is not breaking out on either side of the trading range that it is confined to since the beginning of August. The lower boundary of this range lies at Rs 500 and the upper boundary is at Rs 540. A close below Rs 500 will make the ... More

Infosys
After hitting a low of Rs 1,723 last Monday, the stock clawed its way back to close above Rs 1,800. There has been a slight pick-up in volumes though the momentum indicators on the daily chart continue to signal a sell. Resistance will be ... More

ACC
The stock took a dip on Monday to hit a low of Rs 886 and spent the rest of the week clambering upwards to close with a gain of 0.9 per cent for the week. Volume picked up slightly last week and the momentum on the weekly charts continues to ... More

ONGC
The price took support at the lower boundary of the sideways channel that we had marked for it last week at Rs 1,140. The medium-term outlook continues to be positive as long as the price stays above Rs 1,130. Bounce from this area will be a good ... More

Query corner
What should I do with Petronet LNG purchased at Rs 61? Should I purchase some more or just hold? S. V. Shanbhaug, Sasi Kumar, R. Kalyanasundaram Petronet LNG (Rs 49): The stock has halted exactly at the long-term support of ... More

Trader's Corner
There are over 8000 stocks listed in various Indian stock exchanges. This should actually translate into a mind-whirring array of choice for a day trader in India. It is next to impossible to scan through all the 8000+ charts every morning to ... More

CARS
Question & Auto
I would like to know when the Tata Indigo Dicor will be launched. Ever since I heard the news, I've put my purchase on hold. It really doesn't make much sense to buy a TDI while the rest of the world enjoys the benefits of a CRDi ... More

Premium colours for the new Indigos
All the new features add character to the new Indigo sedan and also lend a sporty touch to the relatively understated elegance of the vehicle. More

ECONOMICS
The `OPM' of success
For most of us, borrowing is taboo. Yet, successful money managers and businessmen have always thought it wise to borrow. What differentiates them from us? The answer lies in what you do with the borrowed money. Most people do not put borrowed ... More

STOCK MARKETS
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
`Outflows from MFs not very significant'
Mutual funds added more than seven lakh investors into equity schemes in August. Despite this, redemptions out-weighed investments in equity funds. Messrs Milind Barve of HDFC MF and A. Balasubramanium of Birla Sunlife explain ... More

INCOME TAX
Site in tax-man's sight
I am a government employee. I was allotted a site — 1,200 square feet — in 1996 by the Urban Development Authority. I paid Rs 25,000 for the allotment. I now propose to sell it. Will I be eligible for any tax exemption? If not what ... More

BOOKS
Infernal chasms of bad investing
"Awareness of how your impulses are likely to influence your investing judgment is half the battle" More

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By the letter and spirit of prospectus

The story from 12K to 12K...

Index Outlook

Premium colours for the new Indigos

Nifty may remain in a tight range

Looking back
Sep. 10-Sep. 16
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Auto co.s primed for explosive growth

Thumbs-up from market

Index Outlook

Range-bound Nifty; Positive for Century Tex