The Hindu Business Line : Sunday, September 02, 2007

MUTUAL FUNDS
Tata Select Equity Fund: Hold
Investors can retain their units in Tata Select Equity Fund. With a return of 38 per cent over the past year, the fund has outperformed many diversified equity funds and has been active in rejigging its exposure between sectors that form part ... More

Fund Update
Fidelity Mutual has launched Fidelity India Growth Fund, an open-ended diversified equity scheme, which will invest largely in growth-oriented companies in Indian and international markets. The international exposure will be around 10 per ... More

Fund Talk
I am a retired professional around 65 years of age. After reading your columns, I have started investing in mutual funds in the last two-three years. I do not look to returns from these funds to meet my living expenses. Hence, all my ... More

STOCKS
Praj Industries: Buy
Investments can be considered in the stock of Praj Industries, a leader in biofuel technology, with a 2-3 year perspective. The company is well placed to benefit from the robust demand outlook for ethanol equipment and technology, arising from ... More

Cummins India: Hold
While growth prospects for Cummins India appear attractive, concerns over currency appreciation and margin pressure could cap price appreciation. More

Bharat Forge: Hold
Though slowdown and margin pressures may impact earnings in the short-term, the long-term prospects appear good. More

3M India: Buy
A diversified roster of products and clients makes for bright growth prospects and resilience in earnings. More

Radio waves
Sun TV Network through its subsidiary — South Asia FM — has picked up about 49 per cent stake in Red FM to further its FM Radio broadcasting business in the North, West and East Indian ... More

Adlabs Films: Buy
As one or two box-office hits have the ability to magnify profits, investors need to take a long-term view. More

Eye on US
Back-office firm, FirstSource Solutions, has entered into an agreement to acquire MedAssist Holding Inc., a provider of revenue cycle management in the US healthcare industry. The acquisition is valued at $330 million (Rs 1,353 ... More

True call
Real estate major Parsvnath Developers has submitted applications to the Department of Telecom for providing Unified Access Services in 22 telecom circles. ... More

PE on prowl
The Board of Directors of Nagarjuna Construction Company has accorded its in-principle approval for issue of two crore shares and 91 lakh convertible warrants, aggregating to Rs 615 crore to the US-based private equity giant Blackstone ... More

TECHNICAL ANALYSIS
Nifty future: Sentiment turns bullish
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Query Corner
I have purchased shares of Shriram Transport Finance Corporation at the rate of Rs 10 during May 1997. I am also holding Divis Lab at the rate of Rs 1,275? What are the short-term and medium-term prospects for these two stocks? More

Reliance
Reliance put in a strong performance last week recording a gain of 9 per cent and going on to close the week at a new all-time high. The short-term trend has turned positive once more after last week’s move. The stock is reversing after ... More

Index Outlook
A relatively benign environment in global equity markets and a conciliatory stance adopted by the political parties helped the Sensex to snap back above the 15000 mark, away from the chasm that was beginning to open at its feet. The Sensex ... More

SBI
The short-term bounce that we were anticipating in SBI took the stock to an intra week high of Rs 1,617.8. But traders need to stay cautious until the stock trades below Rs 1,618. Weekly indicators continuing in the sell mode imply that the ... More

Tata Steel
The 9 per cent surge in Tata Steel on Wednesday has made the stock close the week with a gain of over Rs 100. The stock surpassed Rs 610, contrary to our expectation, and went to close the week well above the intermediate term resistance at Rs ... More

Infosys
A tentative recovery is currently underway in Infosys Technologies. The stock halted below our second target of Rs 1,910. The oscillators in the daily chart are implying that the stock is poised at crucial short-term trend deciding level. A ... More

Bharti Airtel
Bharti took a breather last week, passing the baton of leading the markets to other pivotals. The resistance band between Rs 880 and Rs 900 mentioned last week, is proving to be a short-term impediment to the stock. But the short-term trend in ... More

Satyam Comp
Satyam Computers has been moving sideways between Rs 400 and Rs 520 since January. This move is correcting the rally from the May 2006 trough of Rs 270. A 50 per cent retracement has been completed and the stock has made a double bottom at Rs ... More

Trader's Corner
One term that has been frequently bandied about in the recent market correction is CBOE (Chicago Board Options Exchange) VIX. Investors tracking the global markets closely over the last one month have been forced to look at the VIX reading ... More

TWO/THREE WHEELERS
TVS Motor’s upcoming quartet
Leveraging on its in-house technologies, TVS Motor will be rolling out four new two-wheelers from November. Here’s a sneak peek at them. More

Two-wheelers taking different growth tracks
Domestic sales and exports for the two-wheeler industry during the April-July period show a very divergent trend. More

On a new terrain
TVS Motor's new passenger three-wheeler will come fitted with a 200cc, two-stroke, 7 ports engine. The threewheeler is also to be launched with a LPG or CNG dual fuel variant. The petrol engine is capable of a peak power of 8.5 bhp, which is on a ... More

LIFE INSURANCE
ICICI Prudential Life Stage RP
As market-linked insurance products are more in demand, insurance companies are fine-tuning their products to offer them as investment solutions.The latest offering from ICICI Prudential Life stable, ‘Life Stage RP’, is one such ... More

ECONOMICS
Of rotten-kids and family wealth
You may know about the devious behaviour of children who fight for their parents’ wealth. There have been movies and serials that thrive on this theme. One version goes like this: The children have their father transfer his wealth to ... More

STOCK MARKETS
Prominent bulk deals on NSE & BSE
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What’s Ahead
Global cues took a backseat last week as FIIs renewed buying stocks which helped the Sensex gain 6.2 per cent in the five trading days. Starting this week investors can keep an eye on how the Asian markets react to reassuring comments from Fed ... More

Baskets of X
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Bull's Eye
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INTERVIEW
ENCOUNTER
‘Value stocks may outperform’
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‘Don’t stray away from fundamentals’
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‘Wellness is key growth area’
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INCOME TAX
Taxing questions on housing
I and my wife jointly purchased a flat in 2002. A loan was taken in our joint names for acquiring the property. We have been sharing the repayment of the loan from our incomes. We are planning to acquire another flat under my ... More

PEOPLE
Investment Nuggets

Known as King of the Leveraged Buyout (LBO) space, Henry R Kravis is the co-founder of leading private equity firm Kohlberg Kravis Roberts & Co, better known as KKR. After working at various jobs in New York ... More

BOOKS
Hedge funds and football
Running a big hedge-fund complex is like being the coach of an NFL (National Football League) team, writes Barton Biggs in ‘Hedgehogging’ ( More

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Nifty Companies News
SE Diary
Stock Quotes

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
A payload of promise

‘Value stocks may outperform’

Query Corner

Nifty future: Sentiment turns bullish

TVS Motor’s upcoming quartet

‘Don’t stray away from fundamentals’

Looking back
Aug. 26-Sep. 1
Query corner

Volatility to be order of the day

‘16,000 looks difficult for Sensex this year’

KEC International: Buy

Making sense of Sensex moves

Time to get into secular high-growth stocks’