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Sunday, April 22, 2007
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INVESTMENT WORLD

INVESTMENTS
Taking commodity contracts forward
Commodities are essential to fuel economic growth. Steady integration of the domestic market with the global market raises the risk perception. As markets integrate, additional factors come into play. Participants have to keep track not only ... More

Stocks on sale!
We Indians are price-conscious; we know what value for money really means and we go out of our way to ensure that we get it. And we all love a good bargain. Case in point: The Big Bazaar Republic Day Sale. The first time Big Bazaar introduced ... More

Money Talk
Mr Anil Chopra is CEO and Director of Bajaj Capital, a leading financial intermediary engaged in offering financial planning services and distributing mutual fund, insurance and other financial products. Since his joining the firm in ... More

INSIGHT
Software majors in Q4: Performance beats perceptions
Despite concerns on slower earnings growth among the software majors, given the prospect of a US slowdown, sharp rupee appreciation and possible turbulence in the financial services sector, most of the fears have been assuaged. There are still some k ey variables working in favour of frontline IT players. More

SMART MESSAGE
Mutual funds, at what `expense'?
If you thought that the entry and exit loads that you pay on the purchase or sale of units are the only fees charged by a mutual fund for their market-beating performance, think again. There are other costs associated with your mutual fund ... More

MUTUAL FUNDS
OptiMix Asset Allocator Multi Manager FoF: Hold
Unitholders who wish to actively switch between equity and debt can stay with the fund, though the fresh investment would hinge on the consistent accuracy of its strategy. More

SBI BlueChip Fund: Optimistic on pharma
SBI BlueChip Fund, launched in December 2005, collected over Rs 2,850 crore during its NFO. The fund's investment objective is to invest in a diversified basket of equity stocks of companies whose market capitalisation is at least equal to or ... More

DSP ML T.I.G.E.R Fund: Invest
Investments can be considered in DSPML T.I.G.E.R (The Infrastructure Growth and Economic Reforms) Fund; the fund has a good track record relative to the market and its peers over the past three years. It has generated an annualised return of ... More

Fund Talk
I bought SBI Magnum Tax Gain Fund at a NAV of Rs 57 per unit. Last month, I received a dividend from this fund and the fund's NAV has now declined to Rs 42. I want to know if it is possible to get NAV appreciation in addition to dividends from ... More

STOCKS
Voltas: Buy
The company's experience in airport projects are likely to serve as reference points and give it an edge in bidding for local airport projects. More

Monsanto: Buy
The seeds business offers high growth potential, though the company's recent financials are uninspiring. More

Tanla Solutions: Hold
The company's core strength lies in catering to a cross-section of the mobile messaging market, which has robust growth potential. More

KSB Pumps: Buy
Robust demand from user industries and a tactical shift in the product mix are positives. More

AIA Engineering: Buy
Investors with a long-term perspective can consider taking exposures in the stock of AIA Engineering (AIAEL), a manufacturer of impact, abrasion and corrosion-resistant high chrome parts. At current market price, the stock trades at about 23 ... More

TECHNICAL ANALYSIS
Query Corner
I hold Karur Vysya Bank and UTI Bank stocks. Do you recommend me to hold or book profit during a rally? Subur Basha Shaikh Karur Vysya Bank (Rs 259): This stock is in a strong long-term up trend. The move since August 2004 ... More

ACC
The pre-result rally in ACC ensured that the stock went close to our second short-term target. The momentum slowed down, after the stock registered the intra-week high of Rs 825. The short-term supports exist at Rs 784 and then Rs 762. Strength ... More

Cautious outlook on Infosys
It was a half-hearted show by Infosys in the week following its earnings announcement. Sell signals are evident in the momentum indicators on the daily chart. Volumes were also lacklustre last week. There is a short-term support zone between Rs ... More

Tata Steel
Tata Steel hit our outer target of Rs 541 and weakened from there to an intra-week low of Rs 495. The consolidation above Rs 490 is a positive sign as it could usher in yet another upward move to Rs 564 and then Rs 573. The important ... More

SBI
SBI was able to close above both the 50-day and the 200-day moving averages last week. The break-out towards the end of last week was accompanied by strong volumes. The stock was able to attain our outer target of Rs 1,076. The current up-move ... More

Reliance Industries
Just when the lackadaisical movement in the stock seemed likely to extend for a few more weeks, RIL made a brilliant sprint past its previous all-time high. This move seems like the fifth wave from the June 2006 low. That gives the upward targets ... More

ONGC
ONGC sailed past our first medium-term target of Rs 907 and is now headed towards Rs 960. The move from the low of Rs 753 in March seems like the third part of the move that began in June 2006. The targets of this wave are Rs 949 and then Rs ... More

Tech Tools
I am a small investor. I usually like to stay invested in a scrip for a good length of time. However, I also feel that a part of the money, may be around 20 per cent of the portfolio can also be utilised for trading. I also find it difficult ... More

Index Outlook
The first act of the earnings season has the market's approval as the IT and cement companies have jointly staged a satisfying show. The second act is going to be an interesting one with Dr Y. V. Reddy making a special appearance. Since the RBI ... More

Trader's Corner
Transacting on the stock markets is a complex activity and leaves even the most hardened investor in a slightly muddled state. The juggling between trading accounts, demat accounts, dealing with the market intermediaries, making sure that you are ... More

CARS
What is electronic stability system?
By interfering in the braking process, electronic stability control, with the help of sensors, ensures that the driver does not lose control of the car in the event of wheel slippage or loss of traction in any one of the wheels. More

GM rolls in Spark
The General is finally getting aggressive. GM has managed to surprise the automobile industry and its potential car buyers on many fronts with its latest launch — the Chevrolet Spark. It has surprised the market with the ... More

TWO/THREE WHEELERS
Ultimate indulgence on two wheels
Harley-Davidson More

Down memory lane
Harley-Davidson's origins trace back to the time when four young Americans tried their hands at internal combustion in a tiny wooden shed. The shed was burnt down, but the motorcycle that they built went on to serve five different owners for over ... More

ECONOMICS
To have or not, you must be kidding
One of our friends is expecting her second child. She was asked by another friend as to what made her have another child. Never mind my friend's response but economics throws some light on how we make decisions including having children! You may ... More

STOCK MARKETS
Bulk deals on NSE & BSE
More

Market View
Stocks now trade at lower valuation levels compared to a couple of months ago. The downside risk may not, however, be over, as the rising interest rate seeps into the earnings estimates over the next few quarters. The auto and home loan growth ... More

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

More

Bull's Eye
E-mail your response by Tuesday to BullsEye@thehindu.co.in

More

DERIVATIVES MARKETS
More steam left in Nifty futures
More

FIXED DEPOSITS
Interest rates on bank fixed deposits
More

EVENTS

  • Corporate Recap

    INCOME TAX
    Hop and the LTA is skipped
    I work with a public sector bank in Mumbai as a senior officer. In October 2006, I used the LTA for a trip from Mumbai to Singapore via Delhi and back with my other three family members. The cost of the ticket was Rs 19,000. My bank ... More

    BOOKS
    Before you pet a rhino
    To succeed in the markets, you need to steer clear of `inappropriate reactions' and move on to `informed discussion'. Peter Stanyer tells you `how', in Guide to Investment Strategy from Viva (www.vivagroupindia.com). Get the big ... More

    MF mysteries unravelled
    Sundar Sankaran's Indian Mutual Funds Handbook from Vision (www.visionbooksindia.com) is out in its second edition, with 100-plus+ new pages. "Total mutual fund assets under management at the end of December 2006 were above Rs 3.5 ... More






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    Union Budget 2007-08

    Railway Budget 2007-2008

    Economic Survey 2006-2007

    Top Stories
    Voltas: Buy

    Software majors in Q4: Performance beats perceptions

    Hop and the LTA is skipped

    Ultimate indulgence on two wheels

    Stocks on sale!

    Looking back
    Apr. 15-Apr. 21
    Infosys: Buy

    Grading of IPOs

    The future of commodity market

    Momentum set in Nifty futures

    Query Corner

    Where BMWs powder their noses


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