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Sunday, March 25, 2007
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INVESTMENT WORLD

INVESTMENTS
Quantitative approach to fund selection
A fund house that specialises in running Fund of Fund products, Optimix, shares its approach in selecting good mutual funds for an investors' portfolio. More

SMART MESSAGE
On the virtues of selling
If you invest actively in stocks, your net worth has probably taken a battering in the recent market tailspin, leaving you wondering what you should now do. Investment gurus tell you that corrective phases are the wrong time to hit the panic ... More

Fund Talk
Gold exchange traded funds (ETFs) are open-ended mutual fund schemes that are traded on the stock exchanges. ETFs passively mimic a particular asset, this could be a basket of stocks in an index such as Sensex or Nifty, or a commodity like gold. ... More

AUTOMOBILES
Question & Auto
I want to buy a new premium sedan and I fancy the Toyota Corolla H1. But the new Toyota Corolla Axio has already been launched in Japan. I am wondering if I should go for the Corolla H1 or wait for the Axio. When do you think the Axio will be ... More

INSIGHT
Learning to live with a volatile market
Get into good stocks when volatility depresses prices. — MR SANDIP SABHARWAL, JM MUTUAL FUND More

MUTUAL FUNDS
HDFC Prudence Fund: Invest
Smart management of the debt portfolio has helped the fund even out returns, given the volatile equity market. More

Birla Top 100 Fund: Hold
Unitholders of Birla Top 100 Fund, a large-cap fund, can retain their investments. The fund has generated a return of 30 per cent since inception, though it trailed the benchmark Nifty by 2 percentage points. Over the same period, peers such as ... More

Kotak Global India — IT exposure trimmed
Kotak Global India is a diversified equity scheme that aims at capturing the growth potential of globally competitive companies. We take a look at the portfolio churn over the three months ended February 2007. In this period, the asset size came ... More

Update
The first gold exchange traded fund (ETF) in India was listed on the NSE on March 19. The gold ETF from the benchmark house, Gold Benchmark Exchange Traded Scheme (Golf BeES), allows investors to buy into gold, just like buying ... More

STOCKS
Tech Mahindra: Buy
Investors with a two-year perspective can consider taking an exposure in the Tech Mahindra stock. At the current market price, the stock is trading at a price earnings multiple of 30 times its annualised 2006-07 earnings. While the ... More

Sun TV Network: Hold
While the growth story is intact, current valuations are rich. The progress of the conditional access system will also play a role in determining subscription revenue growth. More

Subhash Projects: Buy
With an early entry advantage, Subhash Projects is likely to benefit from the rural electrification programme. More

Tube Investments: Buy
The addition of new capacities and a shift in the product mix are likely to drive the company's growth. More

TECHNICAL ANALYSIS
Query Corner
I hold Vardhman Holdings at Rs 300. Please tell me about the short-term and medium-term prospects for the company. Should I cut the loss and exit now? Rakesh Sharma Vardhman Holdings (Rs 268.1): This stock is in a long-term ... More

Tech Tools
We discussed the mechanical style of trading in last week's column. This trading style is suitable for novice traders who do not have the experience-bank to delve into during a crisis. Mechanical trading style uses empirical data and concrete ... More

Consolidation in Reliance
Reliance has been an out-performer in the current correction. It has retraced only 29 per cent of the rally from the June 2006 lows. And now it is nearing its all-time highs once more! RIL will now face resistance at its all-time high of Rs ... More

SBI
We had indicated a long-term trend reversal in this stock a few weeks back. The stock has retraced more than 40 per cent of the upward move recorded since 2002. But it is yet to be ensured if this correction has ended or if this is just another ... More

Tata Steel
Tata Steel did not participate whole-heartedly in the large-cap rally last week, gaining a meagre 2 per cent. There is nascent short-term rally that began from the low of Rs 399 that is not showing any signs of strengthening. The medium-term and ... More

Infosys
Infosys Technologies moving in a sideways band between Rs 2,045 and Rs 2,125 last week. The view on this stock remains unaltered. The short-term outlook will stay negative as long as the stock stays under the resistance zone between Rs 2,170 and ... More

ACC
Mild bargain hunting in the ACC counter saw the stock stabilising around Rs 750 last week. But the recovery lacks conviction. Momentum oscillators are still in oversold zone but have not reversed yet. Resistances for the stock are at Rs 816 and ... More

ONGC
In our column last week, we had predicted dire outlook for this stock if it moved below Rs 740. The stock reversed from an intra week low of Rs 765 and made a brilliant dash to the weekly high of Rs 859. The stock has moved well past the 200 DMA ... More

Index Outlook
Our cricketing `heroes' should learn a lesson or two in fighting with the back to the wall, from our stock markets. The markets were poised at the brink of a deep chasm at the end of last week. But they have managed to claw their way to ... More

CARS
Mercedes S 320 CDI — luxury on diesel
Mercedes Benz has now decided to offer a diesel engine version of the S-Class. At its heart is the latest generation three-litre common rail injected diesel engine, generating 235bhp of peak power at 3,600 rpm. More

India-bound cars from the Geneva Motor Show, 2007
New Ford Mondeo: This car is a big departure from the one that has been sold in small numbers in India. Inspired by the groundbreaking styling of the IOSIS concept car of Ford, the new Mondeo has a powerful, sleek and dynamic profile. ... More

STOCK MARKETS
Prominent bulk deals on NSE & BSE
More

Bull's Eye
More

Baskets of X
More

Mid-cap musings
Mid-cap stocks, after that glorious and sustained rally in the run-up to the May 2006 meltdown, have largely been out of the game in the last year. Large-cap and index stocks have driven the rally since that ... More

DERIVATIVES MARKETS
Nifty at crucial stage
More

  • Options guide

    MORTGAGE
    Mortgage woes
    The financial markets can be cruel. It does not matter if you are a borrower, lender or an investor, you could lose a lot of money in the market, as the participants in the US sub-prime mortgage market have found in recent times. What is this ... More

    INTERVIEW
    `Short-selling will create liquidity, deepen market'
    Individual and institutional investors will welcome the move, as they can profit from short-term corrections. — MS FALGUNI NAYAR, MANAGING DIRECTOR OF KOTAK INVESTMENT BANKING More

    Be financially literate, first
    Knowledge of technical analysis and psychology will stand market participants in good stead. — MR PRADEEP CHANDRASEKARAN, SAFETY IN THE MARKET, AUSTRALIA More

    INCOME TAX
    FBT on phone expenses is collect call
    My employer company reimburses the mobile phone expenses incurred by the employees in the sales team. These are official expenses incurred on business calls. My employer also reimburses the telephone expenses of some employees. Will the Fringe ... More

    IPOS
    Advanta: Invest at cut-off
    The seeds business has high potential, with strong entry barriers. But the stiff pricing for this IPO pegs up risks. More

    PEOPLE
    Investment Nuggets
    As one of Wall Street's successful hedge-fund managers, Michael Steinhardt has few peers. One dollar invested in his fund, Steinhardt Partners in 1967, would have been worth $480 when it closed in 1995, a year in which the fund suffered ... More

    BOOKS
    Skills in finance are three
    Financial management is dynamic, not something routine like accounting, writes N. J. Yasaswy in Finance and Profits, from Vision Books (www.visionbooksindia.com). "If you understand finance well, you can understand the entire ... More






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    Union Budget 2007-08

    Railway Budget 2007-2008

    Economic Survey 2006-2007

    Top Stories
    Sun TV Network: Hold

    Query Corner

    Mercedes S 320 CDI — luxury on diesel

    Nifty at crucial stage

    Be financially literate, first

    On the virtues of selling

    Looking back
    Mar. 18-Mar. 24
    Query corner

    Bank deposits now look more `interest'ing

    Stock up on the consumption theme

    How investors should deal with the merger of UTI funds

    Dos and don'ts in stock picking

    Zooming in on risk appetite

    ICRA: Invest at cut-off

    Bio-diesel — a compelling alternative


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