Interestingly when we look back just six months ago EPS earnings forecast for the Sensex for FY07 was around the 640 level. Thus we have moved on 6-7 per cent in earnings estimates in the period of six months. If this trend ...
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STOCKS
Tech Mahindra: Book profits partially
Investors can consider locking in gains on part of their holdings in Tech Mahindra, especially those who entered the stock through the initial public offer. The stock has recorded a three-fold rise from the offer price of Rs 365 and more than ...
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Pantaloon Retail: Book Profits partially
Investors can consider booking profit on a part of their holdings in Pantaloon Retail. The retail frontrunner would have to sustain the 45-50 per cent growth, which it has logged in the last couple of years, over the next five years to justify ...
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Vijaya Bank: Buy
While business outlook remains strong, containing costs will be the key to determining earnings growth.
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Polaris Sofware Lab: Buy
Polaris has undergone a painful restructuring into a products-cum-services player. Two quarters of strong performance and good order pipeline are encouraging.
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TECHNICAL ANALYSIS
Trader's Corner
At any given point in time, there is always a story in the stock market that is cited to be a sure-shot winner, mutli-bagger, jackpot or whatever else it may be called. It can be Internet stocks one day, retail stocks the next, and realty stocks ...
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Index Outlook
The Sensex is running a marathon. It has been an uninterrupted run from August, gaining 39 per cent en route. The dip in the beginning of the last week was straddled easily and the Sensex went on to close the week with a gain of 2 per cent. ...
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ACC out of consolidation
The stellar performance of the previous week was followed up by some quiet consolidating moves last week. A sideways move between Rs 1,000 and Rs 1,110 will form a nice base for the next leg upward. The stock has broken out after a long drawn ...
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Infosys
Our short-term target of Rs 2,262 was achieved with ease as the price hit an intra-week high of Rs 2,270. The short-term trend is sideways while the medium-term trend is firmly pointing upwards. This stock is expected to push upwards towards ...
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Tata Steel
Tata Steel managed to stay afloat last week, but just about. The chart reversed from a low of Rs 459 on Monday and managed a short-term rally from those levels. The short-term targets for this move are Rs 493 and then Rs 508. We maintain our ...
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SBI
SBI bounced off our support of Rs 1,180 on Monday to hit an intra-week high of Rs 1,263. Oscillators continue to point upwards though there was a drop in the volumes last week. A five-wave move is complete from the low of Rs 1,094. We can see ...
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Reliance Inds
This stock moved according to our expectation and bounced off the support of Rs 1,236. RIL was under pressure last week and the weekly gain was a mere 2 points. Though, we continue to maintain that the medium-term trend in this stock is positive, ...
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Nifty futures at critical level
Outlook on Siemens appears negative
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Query Corner
What is the outlook of Agro Dutch Industries bought at Rs 27 and State Trading Corporation bought at Rs 160? Suresh Kamath Agro Dutch Industries (Rs 24.7): This stock is in a long-term downtrend. It has not been able to ...
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Tech Tools
Please advise regarding few important technical parameters and their uses for analysing the movement of any scrip. N. K. Mondal Two basic tools of technical analysis that can be used by beginners for analysing a chart are: a) ...
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Chart Focus
Lupin staged a sharp recovery from the low of Rs 405 in July to hit a high of Rs 550. The price has been consolidating in a broad range since then. The long-term averages are supporting this stock in the short term. Short-term investors can buy ...
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ONGC
Last week's weakness dragged the price to an intra-week low of Rs 829. We can expect the stock to remain in the range between Rs 830 and Rs 900 for a few more sessions. Such a move is conducive to the medium-term up trend. Further long ...
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CARS
Varying the engine performance
Essentially, variable valve timing technology controls the amount of air that enters the engine under various operating conditions, optimising it based on the kind of demand placed on the engine.
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Celebrating with Xfun
To mark Alto's sales milestone, Maruti has launched a limited edition version of the brand
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The new Zen Estilo
HOLD ON TO YOUR PURSES: This is the first picture of the cute new Zen Estilo, which will be available at Maruti showrooms nationwide from the second week of December. Business Line did an exclusive test drive in this all-new small car from ...
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STOCK MARKETS
Making delisting easier
The proposed move by the securities regulator to amend the delisting guidelines is intended to ensure a level playing field for participants in the securities market. The alternate pricing mechanism based on a formula of floor price plus a flat ...
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Baskets of X
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Bull's Eye
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Block deals
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INTERVIEW
ENCOUNTER
`We will use hybrid modelling to limit downside for investors'
This hybrid model has a three-year horizon. It does not really matter if you are 17 or 70; you can still try to achieve the same objective in three years. MR MUGUNTHAN SIVA, CHIEF INVESTMENT OFFICER, OPTIMIX
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For us everything is top-down, we leave the bottom-up approach to fund managers
Going forward, sector choices of funds are going to be ones that can identify stocks that are able to outperform their peer group. MR MUGUNTHAN SIVA, CHIEF INVESTMENT OFFICER, OPTIMIX
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INCOME TAX
Will grandmother be taxed?
My grandmother sold her agricultural land in Delhi. The land was registered in her name. She received the consideration by cheque. After receipt of the consideration she has made out five cheques of equal amount to the extent of the ...
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IPOS
Ruchira Papers: Invest
Ruchira Papers enjoys locational advantages on the raw material front and is poised to tap growth opportunities in the writing and printing paper space.
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LT Overseas: Avoid
Though growth prospects for the industry appear bright, better options in the secondary market are available to investors at attractive valuations.
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PUBLIC OFFER
Kovilpatti Lakshmi Roller Flour Mills: Invest
The income from the foundry business is likely to contribute effectively from FY-08 only; investors may need to consider a long-term investment horizon.
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RIGHTS ISSUE
Sunshield Chemicals: Avoid
Negative cash flow from operations, thin operating margins and trading volumes are causes for concern.
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BOOKS
Tour of markets
Financial markets have been around ever since mankind settled down to growing crops.
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