The Hindu Business Line : Sunday, June 01, 2008

STOCKS
Sun Pharma: Buy
Investors with a 3-5 year perspective can buy the stock of Sun Pharmaceutical Industries (Sun), an integrated speciality pharmaceutical company that manufactures and markets generic medicines in India, US and several other markets. ... More

Indraprastha Gas: Buy
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Gemini Communication: Hold
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Thermax: Buy
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Vanco victory
Reliance Communications through its subsidiary has agreed to acquire 100 per cent equity of the London-headquartered VANCO, a managed global network player, for Rs 327 crore. ... More

Paying for JLR
Tata Motors, which agreed to acquire to Jaguar-Land Rover for $2.3 billion, has decided to raise an amount of about Rs 7,200 crores through three simultaneous but unlinked rights issues to part-finance the ... More

Herbal foray
Personal care major, Emami, has bought into herbal medicines maker, Zandu Pharmaceutical Works, after one of the promoter groups exited the company by selling off their holding. Emami has acquired 27.5 per cent stake for an undisclosed sum. ... More

Taro tension
Sun Pharma has come out strongly against the steps initiated by Taro Pharma to terminate its merger agreement with the former, announcing that the Israeli drug maker is not entitled to terminate the same. ... More

PRIVATE PLACEMENT
MACRO TRACKER
Waning primary markets
Resources mobilised in the primary market grew by about 57.5 per cent in 2007-08 with companies raking in over Rs 2.08 lakh crore through local and overseas offerings. While both the domestic (IPOs, rights offers, private placements) and the ... More

INVESTMENTS
Market-neutral funds: Transporting alpha
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HOW TO GUIDE
Get your portfolio managed
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Wading through the dense jargon of health insurance
Have you ever tried to decipher an insurance policy? The words in the policy document might put you in a plight similar to that of Eeshan Awasthi, the little boy in Taare Zameen Par — where the teacher in the classroom ... More

Investment Nuggets
James (Jim) Beeland Rogers is one of the most celebrated American investor and financial commentator. He is the co-founder of the Quantum Fund, a guest professor at the Columbia University, author, world traveller and creator ... More

INSIGHT
Shield your portfolio from inflation
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Reading between the lines
Company announcements More

CEMENT
Cement’s pressure points
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ECONOMY
Growth story will sustain
Even without the extraordinary circumstances of 2008 and inflation sources that are now negative for India Inc, high growth-high inflation environment inevitably leads to margin pressures. That is why reasoned voices welcomed the RBI’s ... More

What’s Ahead
With results season finally entering the last lap, the markets are less likely to look for domestic triggers. Better-than-expected March quarter GDP figures but high inflation numbers neutralise the chances of a secular move as markets are ... More

MUTUAL FUNDS
Fidelity Special Situations Fund: Hold
After an impressive start in 2006, the Fidelity Special Situations Fund has suffered a slippage in performance in recent times. A sharp decline in the fund’s NAV during the recent market correction has trimmed its one-year return ... More

Reliance Equity Opportunities: Optimistic on info-tech
Reliance Equity Opportunities is an open-ended equity scheme with the objective of investing in stocks across sectors and market capitalisations. The fund seeks to invest in value and growth stocks, and is not aggressive in churning its ... More

Magnum Balanced Fund: Invest
Magnum Balanced Fund appears to be a reasonable investment option for investors who prefer a mixture of equity and debt. Its five-year track record is impressive, with returns of about 40 per cent being well ahead of the category average. The ... More

FUND TALK
‘My portfolio has too many funds with low returns’
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Fund Update
Birla Sun Life Mutual Fund has announced the change in the load structure in Birla Dynamic Bond Fund. The fund will charge an exit load of 2 per cent on redemptions or switch outs made within 180 days of date of ... More

PETROLEUM
TOP OF THE MIND
Crude drivers
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TECHNICAL ANALYSIS
Query Corner
What is the technical view on Apollo Tyres purchased at Rs 45? K.RammohanApollo Tyres (Rs 42.1): This stock has been moving sideways in the range between Rs 20 and Rs 40 since 2004. ... More

Index Outlook
The month of May did live up to its reputation. It brought the Sensex’ upward march to a halt and pushed it 900 points lower. But most market participants would be relieved at escaping this lightly given the concerns on the inflation and ... More

Tech School
Having discussed the basic properties of a moving average and the two popular kinds of moving average, simple and exponential, let us now move on to other more complex ways of calculating the moving average line. Moving average line can ... More

Reliance Industries
Reliance Industries moved in line with our expectation towards the medium-term target at Rs 2,400. The stock closed below the 200-day moving average on Friday accompanied by heavy volume. The oscillators in the daily chart are also signalling ... More

SBI
SBI crashed below the medium-term support at Rs 1,600 last week, corroborating our view that the stock has launched in to the third leg of the down-move from the January peak. The targets are as mentioned last week – Rs 1,337 and then Rs ... More

Tata Steel
Tata Steel put up a relatively resilient show last week, remaining in the sideways range between Rs 850 and Rs 920. The near-term outlook stays positive since this shallow correction can be followed by an upward break-out to the ... More

Infosys
Infosys reversed from an intra-week trough at Rs 1,792 and is once more knocking at the resistance at Rs 1,950. The stock could attempt to move to Rs 2,010 in the near-term. But short-term traders should watch out for a bout of ... More

Unitech
It was a week of capitulation for Unitech as it slid helplessly below the support at Rs 245. The immediate target for the stock is the long-term trend line positioned at Rs 224 and the key retracement support at Rs 208. These ... More

Reliance Infra
Reliance Infrastructure moved sideways with a negative bias last week. A re-test of the trough at Rs 1,100 is definitely on, in the short-term. But an upward reversal from there can result in a sideways move in the band between Rs 1,100 and Rs ... More

REAL ESTATE & CONSTRUCTION
Lower input costs, key to higher price relief
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A retirement home with a difference
Contrary to the image of retirement homes being over crowded , the ‘Comfort & Retirement Homes’ of Covai Property Centre, Coimbatore, makes an instant impact with its greenery and well-designed villas and facilities for ... More

Govt levies nailing down activity in Kerala
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STOCK EXCHANGES
A less stringent market for SMEs
The need for a market for Small and Medium Enterprises (SMEs) that specifically addresses the needs for such companies has been long felt in India. The Over The Counter Exchange of India (OTCEI) and Indonext platform on the Bombay Stock ... More

ECONOMICS
Of popcorn, soda and movie tickets
The other day, one of my friends was complaining that popcorn and sodas are costlier inside movie theatre complexes. In some cases, branded food products such as soft drinks are sold at a price higher than the maximum retail price. Why is food ... More

STOCK MARKETS
Bull's Eye
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Baskets of X
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Prominent bulk deals on NSE and BSE
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COMMODITY MARKETS
Is there a bubble within the super commodity cycle?
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DERIVATIVES MARKETS
Market may move in a narrow range
The stock markets declined further last week on the back of FIIs unwinding their positions. The Nifty future slipped by about 1.9 cent to end at 4850.1 against the previous week close of 4945.2. The rollover statistics of Nifty future also ... More

DO THE DERIVATIVES
Interpreting rollover statistics
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INTERVIEW
Realty funds provide for hassle-free investing
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‘Capacity additions may be delayed’
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INCOME TAX
Tax treatment of vacant property
I am a government servant. I inherited a shop, which was closed many years ago. I had let out this property on rent for about two years. The rental income was offered to tax in my tax return, after taking ... More

BOOKS
Wealth for women
As a woman, it may be normal if you are looking for a man and money in that order. But it may be worthwhile, instead, to begin thinking of creating your own wealth, because “without money of their own, women struggle to have and do and be ... More