INVESTMENT WORLD
INSIGHT:
FII activity in 2008 — Still some glimmer of hope
FIIs are not unabashedly bullish about the Indian stock market any more, as is evident from the $6.4 billion of net redemptions by them so far in 2008. That accounts for about 11 per cent of the cumulative investments put in by them since they ...
INSIGHT:
Will dear money policy pay off?
The RBI’s move to raise the repo rate and cash reserve ratio (CRR) sharply upwards has raised a lot of eyebrows with some feeling that it may be an overreaction to the inflation threat. This is especially so given that it follows a hike in ...
TECHNICAL ANALYSIS:
Index Outlook
Volatility was conspicuous by its absence in the equity markets last week. Trading was almost dull without the wild gyrations. Investors were treading water, buying selectively in beaten down sectors. The sea of red migrated from the trading ...
INCOME TAX:
Maximum deduction on fees
What is the maximum sum that can be claimed as deduction under Section 80C in respect of the tuition fees paid? — ...
REAL ESTATE & CONSTRUCTION:
Low-cost housing, of a high quality
The twin cities of Hubli-Dharwad in Karnataka are home to over 8 lakh people. Almost a quarter of this population lives in slums. In a State that is short of 1.63 million houses for its inhabitants, it is hardly surprising that many of the ...
INVESTMENTS:
How much cover do I need?
Do you need Life Insurance? In the Financial Planning that I do for my clients, this is usually my first question. The right question that we need to ask ourselves is — Do I need to protect my family even if I am not around? The answer ...
INSIGHT:
Retail loan quality under a cloud
Recent research has called into question the quality of the retail asset portfolio of banks, with new concerns about delinquencies in the retail advances. Research by rating agency Crisil has estimated total outstanding retail lending ...
TECHNICAL ANALYSIS:
Query Corner: What the charts say
I am holding shares of Idea Cellular purchased at Rs 128. Should I hold these shares at current prices or sell? ...
BOOKS:
Three essential assets of stock trading
Many traders buy in a very soggy way, bemoans Alexander Elder in ‘Sell & Sell Short’ ( www.wiley.com). They do not set profit targets or think about stop-losses, ...
PETROLEUM:
If crude falls further, equities may follow suit
Stocks, bonds, gold and every other financial asset have been dancing to global gyrations in crude oil prices. In 2008, Indian stocks have moved exactly in the opposite direction to crude prices. The BSE Sensex dropped to its low of 12576 points ...
STOCKS:
Ipca Labs: Buy
Strong performance in branded finished dosages, growth momentum in exports and a strong position in anti-malarial drugs makes Ipca Labs, a medium sized pharma company with Rs 1,100 crore revenues, a good investment option. ...
PEOPLE:
Investment Nuggets
Known for value investing, Bill Miller manages the portfolio for the Legg Mason Value Trust fund. Miller strongly believes that any stock can be a value stock if it trades at a discount to its intrinsic value. For 15 ...
REAL ESTATE & CONSTRUCTION:
Mumbai warms up to build-and-lease
In Mumbai Metropolis, where land is scarce and comes at a premium, the build-and-lease model adopted in special economic zones appears to have many takers. This is despite some instances of developers tying up with their clients to put up ...
HOTELS:
Tourist accommodation in short supply
While the activity in the residential segment in Kerala remains hectic, there has been a continuous shortfall in supply against firm projections in the hospitality ...
ECONOMICS:
Food for thought
Recently, my friend and his school mates went to an expensive restaurant during their school reunion. His experience is “food for thought” for economics buffs. ...
INVESTMENTS:
Understanding ratio analysis
A quicker way to understand a company’s performance, rather than poring over pages of accounts, notes and schedules in the annual report is through ‘ratio analysis’. Ratios can be classified into profitability ratios, ...
COURTS/LEGAL ISSUES:
Bequeathing your legacy to a legatee?
In the previous column (Business Line, June 22), we discussed some of the frequently asked questions on writing/executing a Will. As a sequel to that, let us further discuss some more associated terms such as bequest, ...
INTERVIEW:
Difficult realty market in the next two years
Berggruen Holdings, a private investment company founded by Mr Nicolas Berggruen, manages over a $1 billion in assets. It invests its own proprietary capital in a range of asset classes, including private equity, real-estate and ...
STOCKS:
Parsvnath Developers: Sell
The recent hikes in interest rates and the continuing scenario of unaffordable housing may prove to be an intimidating combination for the real-estate sector and realty developers. While rising cost of home loans can affect demand, higher ...
STOCKS:
Praj Industries: Hold
Shareholders with a long-term perspective can continue to hold the stock of Praj Industries, a leading engineering solutions provider to ethanol plants worldwide. The company, whose growth prospects are largely intertwined with the increasing ...
STOCKS:
3i Infotech: Hold
Lowered IT spends by clients on the back of credit crisis-related write-downs and slowing economic growth in the US have created a turbulent environment for Indian software developers. In this context, a very select band of IT companies may be ...
IPOS:
Austral Coke: Avoid
Investors can avoid investment in the initial public offering (IPO) of Austral Coke and Projects Ltd., considering the high execution risks and cyclical nature of the business, though prospects for volume growth are bright. ...
MUTUAL FUNDS:
DSP ML World Gold Fund: Invest
Investments can be considered in DSP ML World Gold Fund, which offers an exposure to stocks of gold mining companies across the world. With the outlook for gold still strong, the fund has the potential to outperform other equity funds in your ...
MUTUAL FUNDS:
Mid-cap funds — Bearing the brunt
Funds that have stuck too strictly to the mandate of investing in mid-caps have found it difficult to weather the hurricane that hit the Indian market in 2008. While equity funds have all toppled from their highs, mid-cap funds have borne the ...
MUTUAL FUNDS:
Franklin India High Growth Fund: Hold
Investors can retain their units in Franklin India High Growth Fund, an open-ended diversified scheme. The fund’s objective is to seek high growth by focussing on companies or sectors with high growth rates or potential. ...
MUTUAL FUNDS:
Benchmarks: Do multi-style managers justify alpha fees?
Last week, this column discussed about how to identify closet indexers — those that claim to be active funds but essentially hug the benchmark index. The problem with closet indexers is that they charge a high fee for beta exposure. In ...
CORPORATE:
When numbers don’t meet expectations
As we put the June earnings season behind us, one question that is likely to linger in investor minds is about how stock prices react to results announcements. Sometimes, a lot of hype is generated before the declaration of the results and the ...
TECHNICAL ANALYSIS:
Nifty may cool off after a strong opening
Markets continued to scale up last week as well. The Nifty August future closed at 4547.45, marking a gain of about 2.5 per cent over the previous week’s close of ...
TECHNICAL ANALYSIS:
Tech School
We take a closer look at double bottom formations along with illustrations this week. ...
TECHNICAL ANALYSIS:
Reliance Infra
Reliance Infrastructure recorded an intra week peak at Rs 1,080 and consolidated sideways in line with our expectation. As mentioned in our previous column, the medium-term trend in the stock has reversed upward since the trough at Rs 660. The ...
TECHNICAL ANALYSIS:
Reliance
RIL moved in an extremely narrow band between Rs 2,200 and Rs 2,350 last week resulting in a doji in the weekly chart that implies ...
TECHNICAL ANALYSIS:
Tata Steel
Tata Steel could not move past the resistance at Rs 700 and declined lower to record an intra week trough at Rs 636. Weekly momentum indicators are in the sell mode though there is an attempt to stabilise at lower levels. The stock has been ...
TECHNICAL ANALYSIS:
Unitech
Unitech could not get past the resistance at Rs 180 indicated last week; reversing from an intra week peak at Rs 189. A three-wave move appears to have been completed at this peak. ...
TECHNICAL ANALYSIS:
Infosys
Infosys closed the week with a mild 2 per cent gain. Last week’s rally has taken the stock to the key resistance band between Rs 1700 and 1750 where both the 50 and the 200-day moving averages are present. ...
TECHNICAL ANALYSIS:
SBI
We reiterate that the stock faces strong medium-term resistance from the zone between Rs 1,500 and Rs 1,600 where the 200-day moving average is also positioned. ...
DERIVATIVES MARKETS:
Covered calls – here is how to use it
Derivatives by the virtue of their nature are perceived as instruments best put to use only by traders. ...
STOCK MARKETS:
Baskets of X
E-mail your response before Tuesday to:
STOCK MARKETS:
Bull's Eye
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STOCK MARKETS:
Prominent bulk deals on NSE & BSE
MUTUAL FUNDS:
Fund Talk
I am 37 years and my investment time horizon is 15 years and above. I don’t need any additional income through my investments now. I have invested in the following funds. ...
NEW FUND OFFER:
Update
ING Investment Management India has launched ING Optimix Global Commodities Fund. The primary objective of the scheme is to seek exposure in units of global mutual funds that invest in commodity related securities. The fund ...
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