INVESTMENT WORLD
CULTIVATION
Balancing local, global forces
Every country faces a dilemma — how to match domestic priorities with international obligations. A judicious reconciliation calls for sagacious leadership.
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INSIGHT
The multi-baggers from 10k to 20k
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Construction equipment — Building on the boom
Demand for infrastructure and construction equipment is set to increase. The Eleventh Plan, entailing an investment of about $492 billion on infrastructure projects alone, is likely to be the main growth driver.
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ECONOMY
Long and Short: ‘Thud’ as an economic indicator
In business schools, you always have a couple of courses in economics that are supposed to give you the basic tools needed to make some insightful observations on the markets and interest rates and such like. And, then, distil this learning ...
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MUTUAL FUNDS
Fund Talk
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Reliance Pharma beats sluggish phase for pharma funds
Even as the bull run in construction, capital goods, power and banking stocks has been at the forefront of the recent market rally, sectors such as IT and Pharma have been left high and dry; thanks to an appreciating rupee and mixed earnings ...
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Standard Chartered Premier Equity: Hold
Investors can hold on to their units in Standard Chartered Premier Equity. The fund’s return of 95 cent over the last one year has placed it among the top 5 in the 12-month performance chart of diversified funds. While the fund ...
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HSBC Midcap Equity: Hold
Investors can retain their units in HSBC Midcap Equity as the fund witnessed improved performance over the past six months. It sticks to its mandate of investing predominantly in mid-cap stocks. In comparison, peers such as Birla Midcap and ...
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Fund update
Franklin Templeton Investments has launched Franklin Asian Equity Fund, an open-ended diversified fund that seeks to invest primarily in Asian companies/sectors (excluding Japan) with long term potential across market capitalisation ...
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STOCKS
Saregama India: Hold
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Apollo Tyres: Buy
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Oil on radar
Reliance Industries has announced that it has signed the production sharing agreement for two exploration blocks in Yemen. In both the blocks, Hood Energy partners RIL with 30 per cent participating ...
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Dredging Corporation: Book Profits
Investors can use the recent appreciation in the stock of Dredging Corporation of India (DCI) to book profits on part of their holdings. The stock has appreciated 50 per cent since October 2007. At 16 times its trailing twelve-month earnings, ...
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In big league
Plethico Pharmaceuticals has agreed to acquire Natrol Inc., a maker and marketer of nationally branded nutritional products in the US for approximately $80.7 million (Rs 322 ...
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Wild card
DLF has sold off 49 per cent equity stake in seven residential projects to a Merrill Lynch & Co entity for Rs 1,481 crore. It has also diluted a similar stake in a middle-income housing project in Haryana to Brahma Investments for Rs 194 ...
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TECHNICAL ANALYSIS
Nifty: Decisive direction soon
Rollover positions at modest 22%
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Reliance
The stock was at the forefront of the recovery that began from Thursday afternoon. Last week’s move suggests that the consolidation that began on October 30 is still in progress. It is not yet clear if this is a terminal corrective ...
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SBI
SBI fell below the near term support at Rs 2,200 last week to record an intra-week low at Rs 2,126. The down-move recorded last week appears to be the C-wave of the correction that began from November 7. As per this count, the medium term ...
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Index Outlook
Indian markets gave a timely wake-up call to investors last week; dispelling the dreams of a ‘de-coupled’ Indian stock market soaring blissfully sky-wards even as the rest of the global markets came under the bears’ ...
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Tata Steel
Tata Steel was relatively unscathed in last week’s sell-off though it spent the week moving in a band between Rs 780 and Rs 900. The second leg of the down-move from the Rs 970 peak is currently in progress. We adhere to the view that ...
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Infosys
Infosys recorded yet another 4 per cent loss last week. The weekly chart of the stock is ominous and the stock appears to be correcting the entire up-move recorded since April 2003. Infosys has already retraced 38 per cent of this move. The ...
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Bharti Airtel
Bharti reversed below Rs 950, in line with our expectation and fell to an intra-week low of Rs 860. The stock is moving in the island formed by the 50- and 200-day moving averages. The momentum indicators in the daily chart suggest that ...
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Satyam Computers
Satyam Computers reversed downwards as indicated in this column last week. But a nascent recovery has started from the support zone around Rs 400. This move can make the stock rally towards Rs 440 again. But a reversal below Rs 425 would be a ...
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Trader's Corner
Some of the candlestick patterns and their interpretations have been dealt with in the previous columns. Some patterns are formed with just one candlestick (shooting star, doji etc.) while other need two candlesticks (dark cloud cover, ...
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Query Corner
I hold the shares of Mercator lines. What is your view on this stock? Can I hold the stock with a one-year perspective? Suresh Kumar YadavMercator Lines (Rs 123.3): This stock has ...
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CARS
Hyundai i10 — Heightens the small car experience
With the launch of the i10, Hyundai has taken the lead in redefining the expectations from a small car. It is on a par with the current crop of small cars in terms of mileage, handles better than the average car in the segment, and the fit, finish an d quality of interior materials used matches those of pricier sedans.
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TWO/THREE WHEELERS
Use your head, wear a helmet
Wearing a good helmet is an absolute must, even if it is uncomfortable during peak summer months and even if the two-wheeler is being taken out to the nearby kirana store.
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ECONOMICS
Is leisure, pleasure?
Think about this. How would you feel if your employer were to ask you to take a month off? Would you be happy that you will have more leisure time? Or would you feel depressed that you will be away from work? If you are like most of us, you ...
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STOCK MARKETS
What’s ahead?
Investors can look forward to a volatile week ahead with the expiry of November 2007 derivatives contracts slated for November 29 (Thursday). With available data showing that FIIs remained net sellers to the tune of Rs 4,165 crore (over ...
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INTERVIEW
‘Clear sub-prime picture may emerge only next year’
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‘ULIPs offer flexibility and protection’
ULIP products offer market-related returns but they require investors to revisit the asset allocation according to risk appetite and market conditions.
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‘Emerging equities are a volatile asset class’
Mr Jonathan Garner, Head of Emerging Markets Strategy of Morgan Stanley, believes that India looks relatively unattractive versus Brazil, Russia, Turkey or Taiwan. He said that Morgan Stanley would be more comfortable with a Sensex P/E of 17-18 ...
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INCOME TAX
Deduction under Section 80 DDB
I underwent a laser surgery for my eyes, which cost me Rs 23,000. As it was for my medical treatment, will the expense qualify for deduction under Section 80 DDB? — K. ...
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IPOS
Jyothy Labs (IPO): Invest at cut-off
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BOOKS
Give luck a chance
Puck talks of ‘unearned luck’, in Shakespeare’s A Midsummer Night’s Dream, and Falstaff hears, in King Henry IV, of ‘lucky joys, and golden times and happy news.’ So, what is ...
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