The Hindu Business Line : Sunday, October 29, 2006

STOCKS
Areva T&D: Buy
Restructuring-aided focussed growth plans, support from parent company and bright prospects in the domestic power transmission and distribution (T&D) segment augur well for Areva T&D's earnings growth. We have a call outstanding on the stock More

Tata Steel: Hold
For Tata Steel, the move into Europe appears to fit well with its global strategy. As consolidation gathers momentum, the Tata Steel-Corus combine holds significant growth potential. More

Taj GVK: Buy
Strong occupancy and tariff rates, expansion of capacities and the boom in the economy will fuel the earning's growth of Taj GVK. More

Supreme Petrochem: Hold
Plant closures in developed countries and softening crude prices are likely to result in better margins. More

INVESTMENT QUOTIENT
Investment Quiz
1. It was a $21.9-billion IPO that attracted bids worth $350 billion, making it the largest IPO in the world. Name the entity that floated this offering. 2. Sticking to IPOs, the book-building mode has ... More

OPEN OFFERS
Asian CERC Information Technology: Reject
Fortis Financial Services, the acquirer, can leverage on its capital market strength to extend the market presence and software capability of its target, Asian CERC. More

INVESTMENTS
SMART MESSAGE
Early exposure to equity pays
He humbles us at the outset by saying expansively: "Whatever wealth I have created through the equity market, it is thanks to Business Line. From 2001, I've been following your recommendations and have profited hugely." We met Mr ... More

CALL-CENTRE
Why set goals?
Queues, especially long ones, are good places to get a cue on what the world at large is thinking. So my curiosity was kindled when I heard one co-standee at a queue ask his friend: "What are your financial goals?". Pat came the reply, "I want to ... More

INSIGHT
Infrastructure companies — Stack up with discretion
Driven by infrastructure spending, the demand side for construction companies remains robust. The key to success will lie in their ability to ramp up resources and capitalise on order flow. More

What Dish brings to the table
A sneak-peek at the future of home entertainment More

MUTUAL FUNDS
Magnum COMMA: Hold
The fact that the fund has delivered market returns when most commodities have come under pressure is commendable. More

Franklin India Taxshield: Hold
Franklin India Taxshield (FITS) investors can retain their investment since its three- and five-year returns are fairly good, at 47 per cent and 44 per cent respectively. The fund consistently outperformed its benchmark Index CNX-500 for the same ... More

Market View
There has been a re-rating of the prospects for the banking sector in the last month, primarily triggered by the change in interest rate expectations. From fears of higher inflation and monetary tightening in May, which sent ... More

Update
Reliance Mutual Fund declared a dividend of 25 per cent under Reliance Growth Fund. Record date for the same is October 30. Reliance Mutual will charge entry load of 2.25 per cent for FIIs investments less than 2 crore in eight of its ... More

TAXATION
No escaping the FBT
I am a partner in a pharmaceutical firm. Will expenses on conveyance, travelling, telephone and entertainment of partners be subject to the fringe benefit tax (FBT)? The firm has medical representatives who are not on the pay roll. They are ... More

TECHNICAL ANALYSIS
Query Corner
I bought Financial Technologies at Rs 1,960 per share. I am willing to wait for two to three years if I would get any positive returns. Is there any scope for the price to reach my purchase price? Madavan Viswanathan Financial ... More

Trader's corner
Harish Bhai had made up his mind that he would become a day trader. His family had almost every other male member connected with the stock markets in one way or the other. He was sure that he would be able to make a success of it. But he wanted ... More

Reliance
Reliance has not made a decisive move in either direction in the last two weeks. But this stock is the most likely candidate to don the leader's mantle if the Sensex has to get past 13000. The price is in an upward moving channel since August 31, ... More

SBI
SBI recorded a smart breakout on Thursday and surged 6.7 per cent in two sessions. This stock has launched in to a fresh upward move, surpassing our outer target of Rs 1,088. The short-term trend has turned positive again. The momentum ... More

Tata Steel
We had discussed the formation of a triangle from the July 6 peak, in our last column. This outlook is still valid as the stock has neither fallen below Rs 490 nor risen above Rs 550. The price is poised just above its 200 day moving average. ... More

Infosys
The range-bound move between Rs 2,000 and Rs 2,155 can continue this week as well. The outlook for this scrip will stay positive as long as it stays above Rs 2,000. The medium-term target has been revised to Rs 2,216 and then Rs 2,255. ... More

ACC
The price has been moving sideways since the beginning of October, forming a rounding top. This has caused weakness in the weekly and daily momentum oscillators. The volume is also decreasing on this counter. Hold your long positions with a ... More

ONGC
This stock made a recent low at Rs 728 that is 50 per cent retracement of its previous up move from June lows. The C wave from this low seems to have commenced at Rs 728. The stock is currently struggling to rise above 200 day moving average ... More

CARS
Hyundai Verna: Speaks a new Accent
The diesel Verna is likely to eat into the market as also expand it a bit. But the petrol version, despite being more value for money, will still find it difficult to unseat the current segment leader — Honda City. More

Gaining fuel efficiency
I would like to know the effect on mileage if I disengage the engine by shifting into neutral and lift my foot off the accelerator pedal, say, when on a down slope or before coming to a halt at a signal. The car does travel a certain distance ... More

SOFTWARE
IT services abuzz again
The consolidation buzz is back in the mid-cap software services space. Capgemini, the largest European IT services company, which has been on the acquisition prowl for almost a year has finally snapped up the Nasdaq-listed Kanbay International in ... More

STOCK MARKETS
Index Outlook
The influx of the second quarter numbers continued, some mediocre but mostly splendid, causing a wave of optimism in the Indian stock markets. The three-day-long trading week in the markets was, however, interspersed with bouts of volatility ... More

Baskets of X
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Bull's Eye
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INTERVIEW
`We will grow by adding more and more value to our clients'
"More than topline growth, sophistication of solutions and competencies of our organisation are the way to grow." MR RAYMOND J. SPENCER, CHAIRMAN AND CEO, KANBAY INTERNATIONAL More

`Kanbay's core strengths are well aligned with Capgemini's growth strategy'
We dashed off a quick questionnaire to Kanbay International's CEO, Mr Raymond Spencer, who is travelling in Europe to understand the strategic and investment rationale behind this acquisition by Capgemini. Here is his first take on the ... More

IPOS
Info Edge (India): Invest at cut-off
The positives linked to this offer are the early-mover advantage, strong brand recall, a good management team and long-standing relationships with corporates. More

BOOKS
Every family owns three forms of capital
Shirtsleeves to shirtsleeves in three generations. This proverb comes in various forms such as, `Rags to riches to rags', and `rice paddy to rice paddy', says James E. Hughes Jr in his foreword to The Dilemmas of Family Wealth, from ... More

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`We will grow by adding more and more value to our clients'

What Dish brings to the table

Hyundai Verna: Speaks a new Accent

Tata Steel: Hold

Looking back
Oct. 22-Oct. 28
Ipca Labs: Buy

Index Outlook

Franklin India Opportunities: Invest