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Sunday, March 11, 2007
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INVESTMENT WORLD

STOCKS
Maruti Udyog: Buy
Investors with a medium-term outlook can consider taking exposure in the stock of Maruti Udyog Ltd. The stock trades at a little over 15 times its trailing 12-month earnings. With market conditions turning volatile, the stock of Maruti Udyog ... More

TCS: Buy
The introduction of MAT and fringe benefit tax on ESOPs are unlikely to materially impact the company's financials. More

Coromandel Fertilisers: Buy
Coromandel Fertilisers has shown the ability to weather adverse business cycles in the past and has made the strategic moves to secure future earnings and growth. More

INSIGHT
Reliance and IPCL: A plastic merger
IPCL: Hold More

NFOs still have promises to keep
Quite a few new funds under-performed their benchmarks over the last year or so. However, with the frequent reversals in the market and considerable churn in the sectors leading each rally, the past year has been challenging, even for established equ ity funds. More

INVESTMENTS
Understanding risk appetite
Risk is the possibility of an adverse situation that each one of us faces daily in our lives. When we walk we may be hit by a vehicle, when we cook we might be injured in the kitchen, when we travel there is the possibility of an accident. If we ... More

SMART MESSAGE
A yen for carry-trades
If you are wondering how the strengthening of the yen vis-à-vis the dollar has anything to do with the the stock market meltdown, read on. Among the many reasons attributed to the slump in the world markets, the yen carry-trade is the ... More

Investment Nuggets
Irving Kahn is one more towering proponent of `value investing' who imbibed his investing principles from the legendary Benjamin Graham. Kahn worked as a second teaching assistant for Graham at his lectures at Columbia University that ... More

Commodities as building blocks
With rising incomes, there is propensity to spend more on apparel and clothing. The textile industry is poised for a boost in the global market. The phase-out of quotas and the end of the Multi-Fibre Agreement have provided a shot-in-the-arm for the industry. More

MUTUAL FUNDS
Templeton India Equity Income Fund: Invest
Given TEIF's short track record, fresh exposures can be considered as a diversification option, rather than as a core holding. More

Principal Large Cap Fund: Hold
Unitholders can retain their investments in Principal Large Cap Fund as it has recorded a reasonable performance vis-à-vis its benchmark and peers since its launch (annualised 46 per cent return, relative to the Nifty's 34 per cent). ... More

Sundaram BNP Paribas Select Midcap — Adding to IT
As mid-cap and small-cap stocks once again bear the brunt of market declines, we take a look at the portfolio moves of Sundaram BNP Paribas Select Midcap (Select Midcap) in recent months. Between November and January, the fund gradually enhanced ... More

Market View
The Budget did what was expected — cut import duties further to tame inflation. As expected agriculture appears to be the thrust area and although rural credit had grown dramatically — the fact that output had not, was ... More

Update
Reliance Mutual Fund has announced a 75 per cent dividend under Reliance Growth Fund. Record date for the same is March 12. The fund had declared a 25 per cent dividend in October 2006. JM Financial Mutual Fund has launched JM ... More

Fund Talk
I am an NRI and actively invest in mutual funds. I am currently investing Rs 10,000 each in the following funds through the SIP route: Magnum Contra, HDFC Equity, Reliance Growth and Franklin Flexi Cap. I can afford another Rs 20,000 per month ... More

TECHNICAL ANALYSIS
Index Outlook
The movement of Sensex last week drives home the undeniable truth that stock markets are not for the faint-hearted. Investors were buffeted between hope and despair as Sensex made its way over a rocky terrain, hurtling down one day and soaring up ... More

Nifty skewed in favour of bears
More

Query Corner
Please give your medium term technical view for Jupiter Bioscience. Can one buy at the current price of Rs 134 for holding period of 12 to 18 months? S.H. Shah Jupiter Bioscience (Rs 132.5): Jupiter Bioscience is moving in ... More

Reliance
This counter led the market lower last Monday. But the mid-week recovery took the stock price to its 50-day moving average positioned at Rs 1,350. We have a star on the weekly chart with long upper and lower shadows. This denotes indecision. ... More

SBI
The stock slipped below the 200-day moving average last Monday and stayed below the average for the rest of the week. The stock made an intra-week low of Rs 947 on Wednesday. This is exactly 61.8 per cent retracement of the upward move since the ... More

Tata Steel
This stock hit a low of Rs 399 last Thursday before staging a recovery. But the upward move needs to go a little further before we can conclude that the short-term slide has been arrested. The short- term resistances for the stock exists at Rs ... More

Infosys
The scrip made an intra week low of Rs 2,000 on Monday and spent the rest of the week trying to stabilise at lower levels. As mentioned last week, the move from the low of June 2006 is currently being retraced. The 38.2 per cent retracement of ... More

ACC
The steep drop continued this week too in ACC and the stock closed 9 per cent lower. We had indicated last week that the move from May 2003 could have ended in this stock. There is important long-term support at Rs 787, where it is halting ... More

ONGC
The stock moved between the intermediate term support of Rs 742 and the long term 200-day moving average last week. A fall below Rs 742 will drag the stock towards its June 2006 low of Rs 620. But a reversal from here can pave the way for the ... More

Trader's Corner
There are over 8,000 stocks listed in various Indian stock exchanges. This should actually translate into a mind-whirring array of choice for a day trader in India. It is next to impossible to scan through all the 8,000+ charts every morning to ... More

CARS
Tatas turning a concept into reality
Unlike earlier, the new sedan concept that Tata Motors displayed at the Geneva Auto Show 2007, the Elegante, will most surely make it to the roads. It is based on an all-new platform. More

Concept cars at the Geneva Auto Show, 2007
More

The new spruced up Endeavour
There has been considerable speculation that the Ford Endeavour is set to be relaunched after going through a facelift and a change of heart. The Endeavour, which is a popular full-size sports utility even in the Thai market, is based on the Ford ... More

Suzuki SX4 — a slick sedan from Maruti
By May, Maruti will have SX4, a brand new sedan that could dramatically alter buyer perception about the company's passenger car design and manufacturing prowess. More

Celebration of the car
The 77th International Motor Show, which is being held in Geneva from March 8 to 18 this year, is certain to be another promising edition of this popular global automotive expo. Arguably the world's most important auto show draws every year ... More

STOCK MARKETS
Prominent bulk deals on NSE and BSE
More

Bull's Eye
More

Baskets of X
More

Lessons from swarm intelligence
Consider this. A stock brokerage firm my friend does his business with has hit on a novel idea to increase its revenue. The firm displays everyday the top three stocks bought by its clients during the first two hours of trading. It has increased ... More

DERIVATIVES MARKETS

  • Options guide

    INTERVIEW
    `Fund managers will continue to outperform the market'
    With equity fund assets still making up just 3 per cent of the overall market capitalisation, there is still a long way to go... With the Gross Domestic Savings up to 34 per cent, huge amounts of savings are coming in. More

    INCOME TAX
    TDS, foreign to non-residents
    The company in which I work has acquired shares in a foreign outfit from its shareholders who are non-residents under the Income-Tax Act. The consideration has been paid to the non-residents and this has been reflected as investment in the ... More

    IPOS
    Gremach Infrastructure: Avoid
    Though the company's growth prospects are bright, the market is likely to throw better opportunities for investors to enter the stock later when it is valued attractively. More

    BOOKS
    Towards an ethical form of investing
    Till about half a century ago, colonial rule prevailed in several parts of the world. It was only after the end of the colonial period, that many Muslim countries `began to rediscover their identities and manifested the desire to regain the lost ... More






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    Union Budget 2007-08

    Railway Budget 2007-2008

    Economic Survey 2006-2007

    Top Stories
    Reliance and IPCL: A plastic merger

    `Fund managers will continue to outperform the market'

    Templeton India Equity Income Fund: Invest

    Nifty skewed in favour of bears

    Understanding risk appetite

    Tatas turning a concept into reality

    Looking back
    Mar. 4-Mar. 10
    Finance Bill 2007 and personal taxation

    Riding the equity turbulence

    Giving debt its due

    Five points someone overlooked

    IVRCL: Buy
    Nagarjuna Construction: Buy


    The ABC of financial planning

    Nifty may remain volatile

    Budget steers clear of auto lane


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