The Hindu Business Line : Sunday, November 19, 2006

STOCKS
Andhra Bank: Buy
An investment may be considered in the stock of Andhra Bank with a one-year perspective. The bank's increasing focus on high-yielding loan segments, buoyancy in fee income and ability to mop up low-cost funds augur well for its growth over the ... More

LIC Housing Finance: Buy
Improvement in key business parameters coupled with a strong positive outlook for housing finance market augur well for the company. More

INSIGHT
Liquor stocks — Touching a new high
A few months ago, when SAB Miller snapped up the Foster's beer business in India, a Dow Jones story began with a quote from American acting legend Humphrey Bogart, who once remarked that the problem with the world was that everyone was a few ... More

PERSPECTIVE
Why invest in small companies?
Investors flock to smaller companies not just for cheap valuations but for earnings growth momentum and high return on equity. More

Arbitrage your free lunch
There is opportunity in market mis-pricing of stocks More

MUTUAL FUNDS
DSPML Opportunities: Invest
While not investing in a pre-determined sector or theme, the fund aims at identifying "hot" sectors in advance and takes focussed exposures accordingly. More

PruICICI Tax Plan: Invest
Investments can be considered in PruICICI Tax Plan if you are an aggressive investor. The three and five-year returns from this scheme are 54 per cent and 55 per cent respectively, comparable to its peers, and it is ranked among the top three in ... More

Tata Mid Cap Fund: Building on construction
The mid-cap rally, which provided investors with good returns for the past few years, hit a speed-breaker in May-June. Even the pull-back since then has not brought life back to normal for several mid-cap stocks, with many still ruling 30 per ... More

Market View
From a global perspective, the increased consensus for a soft landing of the US economy augurs well for overseas demand for export-oriented sectors. The housing deflation in US could help trigger higher savings. On the other hand, ... More

Fund Talk
I am new to mutual fund investments and do not have the time to regularly monitor the portfolio. What is the right time to sell and when should one book profits? Ravi Nagar Mumbai While there is no dearth of information on which fund ... More

Update
Reliance Mutual has launched its maiden close-ended scheme, Reliance Long Term Equity Fund. The fund will be automatically converted into an open-ended scheme on maturity, after three years. The fund will primarily focus on the small and ... More

TAXATION
Is medical reimbursement taxable?
My father-in-law is 80 years old and is suffering from prostrate cancer. He is undergoing chemotherapy. The treatment is carried out from home. My husband's employer reimburses the costs related to the treatment. Will the reimbursement be ... More

TECHNICAL ANALYSIS
Query Corner
Kindly give me a three-month outlook for Hotel Leela purchased at Rs 69 and Reliance Petroleum at Rs 70. Thiyagarajan Muthuvel Hotel Leela (Rs 63.7): The stock is in an intermediate-term uptrend since the low hit in late ... More

Trader's Corner
Markets globally have been in a spectacular bull run for the last three years. Trading in the markets in this period has been a pleasant experience for most. But, this unrelenting rise has led some market players to believe that it is always okay ... More

Index Outlook
The Sensex continued to press forward, recording a weekly gain of 1.1 per cent. It was in illustrious company, as the DJIA, Hangseng, Kospi and KLSE indices also gained between 1 and 2 per cent last week. The Shanghai Composite Index walked away ... More

Reliance
This stock underwent a mild correction last week, weakening to an intra-week low of Rs 1,254. Reliance is undergoing a running correction since September. The price move since then can be fit in to an upward moving channel. The lower boundary ... More

SBI
After breaching the near term-target of Rs 1,155 on Wednesday, the stock closed the week with a gain of 8 per cent. Momentum is strong on both the daily and weekly charts. The stock attained our second target of Rs 1,212 to hit an intra-week ... More

Tata Steel
This scrip had a negative close on all five days of last week. The short-term trend is downwards. The 10-week ROC is below the zero line and the 14-week RSI has retreated to 44. This denotes the possibility of the stock launching into a ... More

Infosys
The counter moved in line with our expectation and broke out above Rs 2,155 to move past our first medium-term target of Rs 2,216 last week. Some caution is required as the price heads towards our second medium-term target of Rs 2,255. We can ... More

Chart Focus
The stock has been undergoing a quiet base-building phase in the zone between Rs 120 and Rs 170 since July. The double bottom at Rs 120 halted the brutal 52-per cent drop from the March highs. The Rs 120 support is also a 50-per cent retracement ... More

ACC
There has been a sharp breakout last week, vindicating our positive view for this counter. The price has raced past its previous all-time high of Rs 1,060 to hit an intra-week high of Rs 1,110. The rise in prices on Thursday was accompanied by a ... More

ONGC
The scrip has made an evening star pattern on the weekly chart, which is a sign of weakness for the medium term. However, we need confirmation from the price action this week before this view is reinforced. The price is consolidating in a ... More

CARS
Question `N' Auto
I have heard of two incidents of fire in Honda City cars in Delhi, where the vehicles burned down — in the first incident two people even lost their lives. Will Honda-Siel Cars India recall the City for rectification? I heard that in ... More

TWO/THREE WHEELERS
More Passion, more Glamour
Hero Honda spruces up its two deluxe, executive segment bikes More

OPEN OFFERS
Yashraj Securities: Accept
Shareholders can consider accepting the open offer made at Rs 94.5 per share by the acquirers, as the business prospects for Yashraj Securities, the target company, appear bleak. Although the offer price is at a five per cent discount to the ... More

INVESTMENTS
Get a better grip of your trading account
The first, and perhaps one of the important, step in investing is selecting a broker. We had discussed about the importance of choosing a good broker last week. As we take this forward, we list out a few more nuggets that would throw light on ... More

CALL-CENTRE
Stocks or mutual funds?
So, you have set your goals and decided to invest in equity. Should you invest in stocks or mutual funds? Well, you need to decide what kind of an investor you are. First, consider if you have the kind of disposable income to invest in 15-20 ... More

AUTOMOBILES
Renault-M&M: The rational romance
The Renault-M&M JV will turn out to be a very workable and advantageous alliance for both the partners. While Renault will be able to keep its procurement and manufacturing costs low, M&M can tap the technological leadership that Renault has n, prototyping and manufacturing processes. More

French accent
The French first came to India in the 18th century. The people and the language are not new to us. And yet, most Indian car buyers may not be very familiar with the big brands of the French automotive industry. Even if they have seen or heard ... More

STOCK MARKETS
Long-term effect
My friend suffers from illusion of control. He, therefore, makes his own investment decisions, though he is a novice at the stock market. Not surprisingly, his investments have fared rather poorly. But he is not ... More

Baskets of X
E-mail your guess before Tuesday to BasketsOfX@gmail.com

Bull's Eye
E-mail your response by Tuesday to BullsEye@thehindu.co.in Blog at http://BullSigh.blogspot.com ... More

MERGERS & ACQUISITIONS
Battle royale for Corus
Brazil's fourth largest steelmaker CSN's jump into the bidding war for the UK's Corus has upped the ante for Tata Steel. CSN's bid, valued at $8.4 billion, tops Tata Steel's by about four per cent. The move by CSN doesn't come as a surprise as ... More

INTERVIEW
Post the tech bubble, the small were getting smaller even faster
During the slowdown, there was no scope for developing new applications; the focus was on just maintaining the applications. Customers did not increase fees, but workload went up. KALPATHI S. SURESH, CHAIRMAN AND CEO, SSI More

Money Talk
As Chief Executive and Managing Director of ICICI Prudential Life Insurance, Ms Shikha Sharma leads a team that manages millions on behalf of its customers. Here, the IIM Ahmedabad alumnus gives us some insights on how she ... More

IPOS
Sobha Developers: Invest at cut-off
As the income from current projects is likely to get bunched up only from FY-08, investors may need to consider a long time horizon of two to three years while investing in this stock. More

Blue Bird India: Avoid
The long gestation period of the proposed project and the strain on resources due to increasing working capital requirements are causes for concern. More

PUBLIC OFFER
Gulshan Sugars and Chemicals: Avoid
Though growth prospects appear bright, valuations are stretched for this stock in the chemicals sector. More

RIGHTS ISSUE
R. S. Software: Invest
Though growth prospects appear bright, valuations are stretched for this stock in the chemicals sector. More

PEOPLE
Investment Nuggets
Peter Lynch has for long been hailed as one of the most successful fund managers in America. He managed the Fidelity Magellan Fund between 1977 and 1990, consistently delivering high returns year after year. His investing success is ... More

SMART MESSAGE
Free to choose
Sample some literary gems of Milton Friedman, one of the greatest economists of our time, widely credited as `the father of monetarism' and a Nobel Prize winner in 1976. ``Every day each of us use innumerable goods and ... More

BOOKS
Investing money passively is a sign of laziness
To get rich in less than 40 years, you have to radically increase your income. More

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