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Sunday, May 06, 2007
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INVESTMENT WORLD

AIRLINES
Brussels connection
Jet Airways has made Brussels its European hub since May 2. It plans to operate flights in a phased manner from Delhi, Mumbai, Ahmedabad, Bangalore, Hyderabad and Kolkata and onwards to destinations in the US, Canada and Europe. The airline has ... More

Yet another low-cost carrier
Yet another low-cost airline has been flagged off, this time with operations in the North! Daily flights on the Delhi-Chandigarh-Delhi route have been started by the Gurgaon-based MDLR Airlines from April 27. The airline also plans to launch ... More

INSIGHT
$100,000 limit puts hedge funds within reach of Indian investors
Governments and regulators worldwide are acknowledging the need for hedge funds to impart liquidity and refine the pricing system in stock markets. But guidelines on their marketing will need to be drawn up carefully, so that investors are adequately appraised of the associated risks. More

Fixed maturity plans: Don't forget risk element
The rising interest rates in recent months has shifted focus onto a hitherto neglected investment category among mutual funds — fixed maturity plans (FMPs). Floated as close-ended mutual funds, these are investment schemes have maturity ... More

MUTUAL FUNDS
Sundaram BNP Paribas S.M.I.L.E — Power is still in favour
Small and mid-cap stocks witnessed a lack-lustre market over the past year and those funds invested in such stocks have had a tough time keeping up with their diversified peers. Sundaram BNP Paribas' S.M.I.L.E (Small and Medium Indian Leading ... More

Magnum Contra: Invest
An investment can be considered in Magnum Contra. The fund's strategy of going against the market has delivered a return of about 9 per cent over the past year. While its performance beats the category average, it may not appear as impressive as ... More

Fund Talk
Both bank deposits and fixed maturity plans from mutual funds are superior and relatively safe options for you to park your money until you require it. Your choice between the two should depend on your risk appetite and tax status. More

STOCKS
Praj Industries: Hold
Increasing acceptance of ethanol as biofuel on the back of a firm price outlook for crude oil is likely to sustain the growth. More

Colgate-Palmolive: Hold
The deemed dividend will result in an inflow of Rs 9 per share, but has no direct earnings or stock price implications. More

Mudra Lifestyle: Buy
An investment can be considered in the stock of Mudra Lifestyle. This recently listed textile company continues to trade well below its offer price of Rs 90. The stock, on Friday, reacted sharply to the strong earnings reported by ... More

TECHNICAL ANALYSIS
Trader's Corner
Trend identification can be called the keystone of technical analysis. The price typically moves in a wave like motion forming a series of peaks and troughs. The direction in which these peaks and troughs are moving is called the trend. In an up ... More

Index Outlook
Onset of the Indian summer has lulled the markets in to a languorous state. Sensex meandered sideways, going nowhere in particular, for the second successive week. The two holidays were partly responsible for the disinterested trading activity. ... More

Query Corner
I am holding Essel Propack purchased at Rs 70 and Berger Paint at Rs 80. Please tell me the future of these stocks. C. Venkatakrishnan Essel Propack (Rs 79.2): Essel Propack is moving in a narrow range between Rs 67 and Rs ... More

ACC
This stock continued to move in the upward trajectory, achieving our first short-term target of Rs 875. A double zigzag pattern is being formed from the low of Rs 680. The short-term outlook is positive. But a cautious stance is advised till the ... More

Infosys
Infosys closed the week with a gain of 3 per cent. The short-term trend is sideways though the medium term trend in this stock is negative. The third part of the move from Rs 1,912 can take the stock higher to Rs 2,131 or Rs 2,219. The ... More

Tata Steel
Tata Steel reversed from the low of Rs 531. The immediate resistance for the stock exists at Rs 567. If the stock fails to rise above this level, it can slide lower to Rs 533 and then Rs 513 over the week. The crucial short-term support continues ... More

SBI
It was a gritty fight-back by the SBI stock last week. The stock reversed from an intra week low of Rs 1,065. But the recovery lacks conviction as selling pressure was experienced at higher levels every day. The stock can consolidate in the band ... More

Reliance Ind
The movement in RIL stock last week was inconclusive. The dark cloud cover in the daily candlestick chart negates the reversal seen in the beginning of the week. A five-wave move could have been completed at the intra week peak formed at Rs 1651. ... More

ONGC
Two-doji candles formed last week with long upper shadows indicate lack of strength, in the short term. If the stock fails to rise above Rs 960 next week, it can slide lower to Rs 886 and then Rs 854. Short-term investors can continue to hold the ... More

CARS
Maruti SX4 — A sedan that can surprise
Maruti amazed premium hatch buyers with the Swift's refreshingly new and aggressive design and build quality. The company will be hoping to do the same with the Suzuki SX4 — exceed the expectations of the sedan buyer in the upper A3 segment. More

HARDWARE
Next Gen dot matrix printer
TVS Electronics has introduced a dot matrix printer — PRO VX 3810. Launched under the "printing simplified'' campaign, the printer is easy to install, use, maintain and is compatible with all popular software. It has `front feed' paper ... More

HCL's `self-healing' computers
HCL had come out with a new series of laptops that are "self-healing computers''. The "Embedded Continuity and Control'' (EC2) technology that they are equipped with helps recover all data in less than a minute in case the laptop crashes due to a ... More

GENERAL INSURANCE
New fire policy
To cater to the insurance needs of IT and ITES companies and their employees, TATA AIG General Insurance has come out with a package titled `General Insurance Version — 2007'. It includes fire policies for offices with the provision of rent ... More

ECONOMICS
Of restaurants, soap and risk
Consider this. Our friend once found the kitchen in his neighbourhood restaurant untidy. Since that day, he has been visiting another restaurant. He does not know if the kitchen in this restaurant is clean. Yet, he prefers to go there though the ... More

STOCK MARKETS
Prominent bulk deals on NSE and BSE
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

COMMODITY MARKETS
Futures, sans uncertainty
Hedging is nothing but transferring the risk you carry to someone else willing to assume it. More

DERIVATIVES MARKETS
Nifty futures: Calm week ahead
More

FIXED DEPOSITS
Interest rates on bank fixed deposits
More

REGULATORY BODIES & RULINGS
No annual reports for shareholders
Tired of reading lengthy annual reports? Companies will henceforth send a statement containing important features of the balance-sheet, profit-and-loss account and the auditor's report in place of the full balance sheet and annual report. The ... More

PAN sole ID
Your PAN card may finally be on its way to becoming the sole ID for all financial transactions. The budget proposal to make PAN the sole identification number for all participants in the securities markets will come into effect on July 2. ... More

INTERVIEW
`The diversified strategy has worked quite well'
There are 5,000 companies and so many new sectors. It is how smartly you can work given the resources. More

Cultivate patience, diligence and discipline
Investment is all about passion and discipline. It is thus vital to take the plunge to the fullest extent possible, factoring in the inclination and stamina of the individual. More

`We rely on collective judgement'
"The growth in the number of SIP investments is a sign of the number of investors who are willing to take a long-term bet on equity." More

EVENTS

  • Corporate recap

    INCOME TAX
    Food coupons no grist to the tax mill
    The company for which I work gives food coupons (such as Sodexho and Times Ticket) to its employees and does not treat this as a taxable perquisite in the hands of the employees. Is this correct? Is there any limit beyond which it will be ... More

    IPOS
    Binani Cement: Invest at cut-off
    Expansion in production capacity and shift in product mix are positives for this IPO. However, intense competition and policy-linked uncertainties remain. More

    MIC Electronics: Invest at cut-off
    In a price-sensitive market, the nascent LED display segment may encounter competition from cheaper media applications such as vinyl hoardings. More

    BOOKS
    Blend creativity with calculation
    Experts talk endlessly about financials and price-earnings, and yet stock prices may often fly in the face of their analyses. Why so? Because "stock markets aren't about the future of a company nearly as much as people would like to believe," ... More


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    Union Budget 2007-08

    Railway Budget 2007-2008

    Economic Survey 2006-2007

    Top Stories
    `The diversified strategy has worked quite well'

    `We rely on collective judgement'

    Investing abroad under the raised cap

    Of restaurants, soap and risk

    Fixed maturity plans: Don't forget risk element

    Maruti SX4 — A sedan that can surprise

    Looking back
    Apr. 29-May. 5
    Shree Renuka Sugars: Hold

    ESOPs in dollars are taxable in rupees

    The future of forward contracts

    Investments beyond tax savings — The good, better and best routes

    Retail investors must `focus on equity with a long-term view'

    Nifty futures may move sideways


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