Our view on the Indian equity market is that after the pre and post Budget fall, the market can be expected to consolidate for some time. With respect to the budget provisions, some of the affected sectors have reacted sharply to ...
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Fund Talk
What does the Budget proposal to hike dividend distribution tax on liquid/money market mutual funds mean for individual investors? Should they switch into other investment options? Present position: Liquid/money market funds, which ...
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STOCKS
IVRCL: Buy
Nagarjuna Construction: Buy
The thrust on irrigation and water management in the recent Budget augur well for the companies, as both have a strong presence in this space.
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Cummins India: Buy
While the company is set to witness a broad-based growth, its power generation segment is likely to propel growth.
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Gokaldas Exports: Buy
Fresh capacities, a diversifying product and client mix and the identification of the domestic retail market as a new revenue stream would ensure that revenue growth remains in strong double-digit.
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Polaris Software: Buy
Investors with a high-risk appetite can consider an exposure in the Polaris Software stock taking advantage of the recent weakness. At the current market price, the stock trades at a price-earnings multiple of 16 times its likely per share ...
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TECHNICAL ANALYSIS
Nifty may remain volatile
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Index Outlook
The Union Budget for 2007 has turned out to be a non-event as far as stock markets are concerned. It was the tremors emanating out of China that made the Indian equities lose their footing and fall with a thud last week. The post-budget recovery ...
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Reliance
RIL reversed from an all-time high of Rs 1,445 last Monday and closed the week with a loss of 7 per cent. The giant engulfing candle following the doji star on the weekly chart looks ominous. The medium term outlook has turned negative and this ...
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SBI
SBI has slipped towards our medium term support of Rs 1,000. The presence of the 200-day moving average at this level makes it an important long-term support. If the stock price slips through this level, it could halt in the band between Rs 950 ...
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Tata Steel
The short-term rally that started on February 14 came to an end on the Budget day. Though, the stock price rose in the early part of last week it could not squeeze past our resistance level of Rs 486 and Tata Steel ended with a 3 per cent loss. ...
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Infosys
Infosys could not get past the resistance of Rs 2,250 that we had indicated last week. It has moved down to the first medium term target of Rs 2,100. A five-wave move seems complete from the June lows in Infosys. The short-term trend is extremely ...
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ACC
There was no abatement in the slide in ACC and it achieved our target of Rs 842. If it does not halt around Rs 840, the C wave will unfold with all its ferocity. And it will take the stock price to the next target of Rs 667. The long-term ...
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ONGC
ONGC made an intra week low of Rs 750, close to our farthest target of Rs 742. The fact that it has managed to close the week above the 200-day moving average is a positive signal. However, wait for a close above Rs 830 before buying this ...
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Query Corner
I have bought Allahabad Bank at Rs 99. Should I exit now or wait? Nitish Allahabad Bank (Rs 76.1): Allahabad Bank has been moving southward since it hit a high of Rs 99 in November 2006. The immediate support for the stock ...
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Tech Tools
I bought 30 shares of BHEL at Rs 2,500 after it announced a bonus in the ratio of 1:1 in January. But the stock has been going down ever since. Why it is so? As per my perception the price should have moved upward. Does this mean that the ...
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Trader's Corner
Many of us would be familiar to the situation in which a stock that has been pushed to the back of our minds and it starts zooming up suddenly. We do not want to see all the profit whittle away again. At the same time, we want to avoid the ...
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CARS
Where three is company
Production scheduling and equitably sharing of manufacturing facility in the new joint venture of the triumvirate — M&M, Renault and Nissan — will be a challenge.
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Get set for new Getz
This is the new Hyundai Getz that will hit Indian roads soon. Hyundai Motor India will start production of this new face-lifted model from March. But the initial few months' production rolling out of the company's Chennai plant will all be ...
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TWO/THREE WHEELERS
With lots more charisma
To invigorate Karizma's image and take on the competition, Hero Honda has launched a new, snazzier, refreshed version of this 223cc bike.
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ECONOMICS
Economics of pricing dessert
Consider this. My friend, a psychologist, frequents fancy restaurants. He has the main course at such restaurants but always visits an upscale low-calorie fruit juice shop for dessert. When questioned about his behaviour, he said that he liked to ...
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STOCK MARKETS
Prominent bulk deals on NSE and BSE
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Baskets of X
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Bull's Eye
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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 ...
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INCOME TAX
Finance Bill 2007 and personal taxation
While the rates of income-tax are not proposed to be changed, there is a new levy, the secondary and higher education cess, which would be 1 per cent of the tax and surcharge. This cess will be computed only on the tax and surcharge and will ...
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PEOPLE
Investment Nuggets
One of the savviest observers of trends across different asset classes in the global markets, Marc Faber is an interviewer's delight. In June 1990, after serving as Managing Director of Drexel Burnham Lambert (HK), he set up his own ...
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BOOKS
Stock market is like the Rorschach inkblot test
Like the majority, you perhaps rely on your broker's recommendations and pick up stocks to buy and sell. If so, it pays to know that the recommendations can be untrustworthy, as Clifford Pistolese writes ...
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