The Hindu Business Line : Sunday, April 06, 2008

STOCKS
Texmaco: BUY
Investments with a long-term perspective can be considered in the stock of Texmaco, a leading supplier of wagons to the Indian Railways. The substantial pick up in demand for wagons, setting up of dedicated freight corridors, allowance ... More

Amtek Auto: Buy
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Madras Cements: Buy
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Graphite India: Buy
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Indian Hotels — Rights Offer: Invest
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Forays galore
Dr Reddys Laboratories will acquire a portion of Dowpharma Small Molecules business associated with its United Kingdom sites. Also, it acquired Italy based formulations maker Jet Generici Sri. ... More

Thermal power
Indiabulls Real Estate’s subsidiary, Indiabulls Power Generation, has been awarded the letter of intent for Bhaiyathan Thermal Power Project in Chhattisgarh. ... More

Nuke deal
Jubilant Organosys will buy Canada’s Draxis Health Inc. for $255 million to expand into the North American market. The purchase will turn Jubilant into the fifth-largest maker of sterile injected medicines and add a new presence in the ... More

FINANCIAL SERVICES
HOW TO GUIDE
How to select your stockbroker
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INVESTMENTS
Planning an actor’s finances
Ms Neetu, 21, an upcoming film actor, has worked in the field as a child artiste, though she has earned fame only in the last two years. She has been able to earn substantially from her career in modelling, acting and as brand ambassador ... More

Diversification or Di-worse-ification?
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Investment Nuggets
Known as the “dean of small-cap investing”, Ralph Wanger was the President of the Chicago-based Acorn fund. It was one of the top funds of the age, which returned 17.2 per cent annually between 1970 and 1998 ... More

INSIGHT
The right turn by Tata Motors?
Acquisition of JLR More

Does the IIP offer clues to corporate growth?
The stock market appears to be watching macro-economic indicators such as the Index of Industrial Production (IIP), closer than ever before. For instance, on March 12, the Sensex declined by about 600 points intra-day after the IIP numbers for ... More

ECONOMY
FOLLOW THE MONEY
Inflation, not US, takes centre stage
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MUTUAL FUNDS
Templeton India Equity Income Fund: Invest
With its value orientation and allocation to stocks outside the Indian market, Templeton India Equity Income Fund (TIEIF) is a reasonable option for investors looking to diversify their portfolio. The fund’s NAV has declined about ... More

ICICI Prudential Dynamic Plan — Petroleum in top slot
ICICI Prudential Dynamic Plan is a diversified equity plan that follows the growth investment philosophy to invest in a portfolio of large, mid and small-cap stocks. It has the mandate to move gradually into cash, as the market gets ... More

DBS Chola Opportunities Fund: Invest
The aggressive investor can consider investment in DBS Chola Opportunities Fund. After a sedate performance three years ago, and trailing the category average for two consecutive years, the fund has come a long way. In the past three years, ... More

Fund Talk
I am 44 years old and would like to invest for growth. Please look through my current portfolio, which also has systematic transfers from liquid to equity funds. Many of them are over two years old, except Reliance Diversified ... More

Market View
The headline inflation as represented by wholesale price index moved well above the 6 per cent level – 6.68 per cent (as of March 15), led by higher prices of manufactured products and fuel items. Inflation was well within RBI’s ... More

Update
Birla Sun Life Mutual Fund has announced a revision in the exit load charged under Birla Dynamic Bond Fund, with effect from April 2. As per the new proposal an exit load of 2 per cent for units redeemed within 180 days ... More

TAXATION
Gratitude is exempt from tax
I gave a loan of Rs 2 lakh to one of my relatives about 20 years ago. Now he is settled abroad and is planning to return Rs 4 lakh to me, as a token of gratitude. The agreement was not made in writing. What ... More

TECHNICAL ANALYSIS
Query corner
Please advice on the prospects of Thermax and Praj Industries. I wish to buy these stocks with a long-term perspective. Gangadhar Mani, Madhu GuptaThermax (Rs 525.5): Thermax has ... More

Index Outlook
Soaring inflation and the Government’s ad-hoc measures to control it kept the market on tenterhooks last week. With the probability of another CRR or interest rate hike hanging like the proverbial sword of Damocles over market’s ... More

Reliance
Reliance Industries is halting just below the resistance offered by the long-term 200 day moving average. The tentative nature of the climb since March 18 does not inspire confidence and the stock is likely to move lower to Rs 2,127 or ... More

SBI
SBI clung to the support at Rs 1,600 last week despite the selling pressure at intra day highs. The stock is forming a descending triangle in the daily charts that has bearish implications. The stock is also well below its long-term ... More

Tata Steel
Tata Steel reversed downward on Monday to record an intra-week low at Rs 641. As indicated last week, an intermediate term trough could have been formed on March 24. The up-trend from this level faces resistance from Rs 722 and then from Rs ... More

Infosys
Infosys has made three unsuccessful attempts to move past the resistance at Rs 1,550 in the last two weeks. Inability to move above this level in the early part of next week would be the cue for short-term traders to initiate fresh ... More

Bharti Airtel
This stock took a decisive step lower on Friday after struggling to move above the resistance at Rs 830 in the first four sessions. The volume spikes on days that it closed in the red has negative implications for the near-term. The immediate ... More

Satyam Computers
Satyam Computers moved beyond the resistance at Rs 424 to record an intra week peak at Rs 435. This appears to be the third leg of the short-term up trend that commenced on March 18. The stock can now move lower to Rs 405 or Rs 396. Short-term ... More

Tech School
The term trend is ubiquitous in technical analysis literature. Clichés abound like ‘Ignore the trend at your own peril’; ’The trend is your greatest ally’ and so on. The primary objective of technical analysts is ... More

CARS
Charged up after the change of heart
Fiat Palio Stile MultiJet More

HCV/LCV/TRACTORS
Tata pick-up on Thai roads
The second-largest pick-up truck market in the world — Thailand — now has a new entrant, Tata Motors, through the Xenon, which was launched at the Bangkok Motor Show last week. The one tonne pick-up, styled in England, has ... More

STOCK MARKETS
Prominent bulk deals on NSE & BSE
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Baskets of X
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What’s ahead
Rising food prices in India seemed to have knocked off external concerns for now, as the stock markets keep a close watch on the Government’s moves to curb inflation. Shares of Sita Shree Food Products, which did its IPO in mid-March, ... More

Bull's Eye
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DERIVATIVES MARKETS
Nifty future may test Jan lows
The beginning of this fiscal year must have been dismal for the Nifty traders; Nifty April future tumbled 6.4 per cent to 4652.7 as against the previous week’s close of 4647.The week also saw April future give away most of its ... More

INTERVIEW
‘Start making staggered purchases right away’
Despite the current correction denting investor morale and making the turnover on the bourses plunge, Mr Sudip Bandyopadhyay, Director and CEO, Reliance Money believes the Indian economy will cruise along steadily, albeit at a slower pace. ... More

MONEY TALK
‘Be an investor, not a trader’
When you are an investor, there is nothing that happens around the world that will not interest you, says Mr Raja Pannir Selvam, an advocate practising IP law in Chennai. “You need to keep your ears and eyes wide open. Any news across ... More

TRENDS
Do you splurge when you are sad?
Some time back, when I was reviewing the payments I made during 2007-08, I found a rather large amount that I had spent on books. I was feeling low last October and had decided to splurge then. As I reviewed the transaction, I realised that I ... More

BOOKS
Make the right call
Good leaders not only make better calls, but they are able to discern the really important ones and get a higher percentage of them right, say Noel M. Tichy and Warren G. Bennis in ‘Judgment’ ( More