The surge in international acquisitions by Indian companies, and what is now recognised as a definitive expansion in capital investments, is clearly the much-awaited next phase in the growth phase of the economy. A healthy growth ...
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Biral Midcap: Cement, pharma pruned
Mid-cap stocks that were trounced during the May meltdown took a breather after they came up with positive numbers in the September quarter. Here is a look at Birla Midcap — a fund with a mid-cap orientation — and how it churned its ...
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Fund Talk
I have SIPs in Reliance Growth, Franklin Prima and HDFC Capital Builder for more than a year now. Some of these are performing below average in the last six months. Do you suggest a switch? If I want to start some more SIPs at this ...
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Update
Franklin Templeton Investments announced a tax-free dividend of Rs 6 per unit in its fund Franklin India Prima Plus. The record date for the same is November 15. Prudential ICICI AMC has launched Prudential ICICI Equity and ...
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STOCKS
Glenmark Pharma: Buy
Exposures can be considered in the stock of Glenmark Pharma, which trades at about Rs 460. Though the stock has appreciated 40 per cent over the past three weeks on the back of the out-licensing deal struck with Merck of Germany for its ...
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Ranbaxy Laboratories: Hold
Though Ranbaxy's numbers are improving steadily, it may be prudent to adopt a wait-and-watch approach before considering an entry into the stock.
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Adlabs Films: Buy
The commercial risks of the new segments are high as the revenue stream depends heavily on box-office hits. The company, however, remains a safer alternative to pure-film or pure-exhibition plays in the sector.
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Syndicate Bank: Hold
Mobilising low-cost funds and preventing creation of fresh NPAs will be the key variables to impact earnings over the medium term.
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Godfrey Phillips: Hold
Godfrey Phillips' cigarettes business is making commendable returns, while its tea division is proving to be dampener.
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TAXATION
Travel first-class A/C for exemption
I plan to travel from Chennai to Ahmedabad by train and from Ahmedabad to Palitana and back to Ahmedabad by car. I will be returning from Ahmedabad by train. Can I claim the exemption in respect of LTA on the expenditure incurred for travel ...
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TECHNICAL ANALYSIS
ONGC in consolidation mode
The flat weekly close of ONGC does not reflect the choppiness that was witnessed in this stock last week. The price hit a high of Rs 895 on Monday before weakening to Rs 840 on Wednesday. The medium-term outlook continues to be positive in ...
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ACC
ACC hit an intra-week high of Rs 1,025 before consolidating in a narrow band. The short-term trend reversal seen from the low of Rs 950 is still in force. We expect the stock to move higher to Rs 1,032 and then Rs 1,060 in the short term. Watch ...
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Infosys
Infosys was a strong performer last week, recording a weekly gain of 3.1 per cent. The stock is currently halting at its short-term resistance at Rs 2,155. Infosys has withdrawn thrice from the zone between Rs 2,140 and Rs 2,150 in the last ...
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Trader's Corner
Of all the popular stock market concepts, there is none as credulous as the oft followed `averaging down'. To put it simply, when the stock price goes down, more stock is bought at lower levels so that the average cost of the stock in the ...
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Index Outlook
It was certainly not a smooth sailing for the Sensex last week. The markets hit a stormy patch mid-week that caused the Sensex to dive to a low of 12950. But we were back on course, in placid waters and under clear blue skies by the end of the ...
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Tata Steel
The stock is hovering under its 200-day moving average, threatening to weaken any time now. We reiterate that a close above Rs 520 should be seen before fresh longs are initiated on this counter. The oscillators too are on the brink of giving a ...
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Positive outlook on Nifty futures
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SBI
SBI moved down in the first two days of the week but recovered from our support of Rs 1,090 to hit an intra-week high of Rs 1,147.4. As per E-wave patterns, the fifth minor from the low of Rs 684 seems to be on now. The target of this wave falls ...
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Reliance Ind
The chart of RIL has not been marred last week, thanks to the recovery seen on Friday. The short-term outlook will turn negative only if the price falls below Rs 1,229. RIL has the short-term target of Rs 1,329. As written before, strong ...
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Query corner
What are the prospects of Wockhardt bought at Rs 390 and Dr Reddy's Labs bought at Rs 742 for the next two months? Uday Padubidri Wockhardt (Rs 411.7): This company is trying to claw its way out of the deep fall it ...
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Tech Tools
I have seen some stocks, which are fundamentally sound showing consistent profits and paying dividends to the shareholders, but as far as their share price is concerned they are stuck in a range for some time. Could you please tell me (in ...
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CHART FOCUS
KEI Industries
KEI Industries had a dream run from the October 2005 low of Rs 162 to its April highs of Rs 523. After a 61 per cent correction post-May, the stock is once more back in the reckoning. The stock is currently consolidating above its long-term ...
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LIFESTYLE
Yuppies on a shopping spree
Young urban professionals are driven by aspiration and disposable income
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CARS
A classier E-Class
After the successful launch of the new Mercedes Benz S-Class in India, it is now the turn of the smaller, but extremely important, E-Class sedan to get an upgrade.
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Renault-M&M tie-up: Win-win for both
French automobile major Renault's plans for the Indian market are the `better-late-than-never' kind. After all, its domestic rival Peugeot was the first to land on Indian shores during the early years of the auto industry's liberalisation. But, ...
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TWO/THREE WHEELERS
CBZ X-Treme — in the classic Hero Honda mould
All Hero Honda hallmarks — engine refinement, slick-shifting smooth gearbox, top-of-the-class vibration isolation, low engine noise and quality components — have all been carried forward in the CBZ X-Treme. With enhanced visual appeal and aggressive pricing, can the bike give the competition a run for its money?
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ECONOMICS
Banking on trust
The 2006 Nobel Peace Prize was recently awarded to Professor Muhammad Yunus, the founder of the Grameen Bank in Bangladesh. He pioneered micro-credit lending to the poor without any collateral. His business ...
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STOCK MARKETS
Ask not how the market is doing
"How's the market doing" or "what's happening in the market"! People ask these questions all the time, and expect short answers. The problem is whatever the answer, it usually leads to faulty understanding and wrong conclusions. Let's take all ...
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Baskets of X
E-mail your guess before Tuesday to BasketsOfX@gmail.com
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