The Hindu Business Line : Sunday, October 05, 2008

INVESTMENT WORLD

INTERVIEW: ‘FII inflows will gather steam once the rupee stabilises’
Inflation is bound to fall and with it, interest rates. That will lead to earnings upgrades next year, says Mr ...

TECHNICAL ANALYSIS: Index Outlook
It was a nightmarish start to last week with the House of Representatives rejecting the bailout package and the credit crisis claiming a string of victims in Europe. Equities struggled to their feet mid-week, as the package was tweaked to ...

STOCKS: Amara Raja Batteries: Buy
The stock of Amara Raja Batteries (ARB) has shown resilience during market turbulences in the past. The stock managed to rally despite the steep correction in January this year to reach its 52-week high of Rs 275 in February. However, a 16 ...

STOCKS: Maytas Infra: Buy
STOCKS: Tulip Telecom: Buy
Investments with a one-two year horizon can be considered in the stock of Tulip Telecom, a strong player in the domestic data connectivity and network ...

INTERVIEW: ‘The market has not become cheaper because prices have corrected’
The pain of higher borrowing costs and stretched working capital cycles are yet to show up fully in the financials of corporates, opines Srividhya Rajesh, Fund Manager for top performing funds such as Select ...

TECHNICAL ANALYSIS: Query Corner: What the charts say
TV 18 (Rs 166.2): TV 18 is currently struggling at the lowest level recorded in 2008, way below the key long-term support at Rs ...

REAL ESTATE & CONSTRUCTION: Ahmedabad going for a ‘take the bus’ drive
Commuters in Ahmedabad are in for a change in their daily travel routes and modes of transport as the Ahmedabad Municipal Corporation (AMC) tries to woo them to leave their two-wheelers at home and use the public transport ...

FINANCIAL MARKETS: FAQs on the US turmoil
Why did Lehman, Freddie and Fannie and the other banks get into ...

INCOME TAX: TDS woes of a senior citizen
I am a retired professor and a senior citizen. I want to invest Rs 3 lakh out of my retirement benefits in a bank FD offering interest of 10.5 per cent per annum. The annual interest is Rs 32,500. I understand that tax will not ...

MUTUAL FUNDS: How to tweak your fund portfolio
“What do I do with my mutual fund portfolio?” appears to be the foremost question in every investor’s mind now. For those of you who courageously remained invested from the Sensex level of 21,000 to 13,000 now, the market ...

MERGERS & ACQUISITIONS: Takeover code gets complex in differential voting rights milieu
The SEBI Takeover Regulations at the very rudimentary level is all about giving the public shareholders an opportunity to get the same attractive price which a shareholder — usually a promoter —gets on a negotiated ...

REAL ESTATE & CONSTRUCTION: Retail sets store by cooling realty prices
Even as the real-estate industry is evolving strategies to grapple with the slowdown in the economy, dropping inflows from non-resident Indians and the resultant cooling off, it is the retail sector that waits to make hay while the ...

INTERVIEW: ‘Outflows from Indian markets will slow down’
Bharti Axa Investment Managers is making its debut with a plain vanilla equity fund with a ‘flexicap’ mandate. A quarterly dividend option which will trigger profit booking at regular intervals and a daily ...

INVESTMENTS: Buyer beware during property dealings
Document in ordinary parlance means a written statement. Documents are associated with dealings in properties, business contracts and in corporate ...

ECONOMICS: Why last-minute air travel is costly
My friend is a last-minute traveller. He ends up paying a premium on his air fare compared to those who purchase tickets in advance. He, however, gets a discount when he buys last-minute tickets to his favourite concerts. Quite intrigued, ...

REAL ESTATE & CONSTRUCTION: Fund flows drying up

Recently, the head of a company with a significant presence in real-estate and infrastructure development declined to talk about his company’s plans in real-estate but was enthusiastic about sharing information relating ...

STOCK MARKETS: Arbitrage opportunity
Arbitrage is the strategy by which an investor can earn risk-free profits. It is the simultaneous buying and selling of a security to take advantage of the price differential. The price differential helps the investor/trader make profits ...

STOCKS: Sesa Goa: Hold
The stock of iron ore producer, Sesa Goa, has witnessed a sharp fall in the recent market meltdown, tracking falling commodity prices. But given the sharp contraction in the stock valuation (PE multiple down from 21 to six since ...

MUTUAL FUNDS: Three funds to accumulate
The stock market is down substantially from its January high, with the BSE Sensex now trading 40 per cent below its peak value of 21000. The price-earnings multiple for the Sensex over this period has corrected from 28 to 15 based on ...

TECHNICAL ANALYSIS: Infosys
Infosys achieved our near-term target of Rs 1,301 and reversed on Wednesday. As explained earlier, 50 per cent retracement of the structural up-trend from April 2003 is at Rs 1,376. The on-going correction can halt at this level. But a ...

TECHNICAL ANALYSIS: Tata Steel
It was a deep 14 per cent cut for Tata Steel last week and the stock moved close to the long-term support band between Rs 370 and Rs 390 indicated in our previous column. The down trend that commenced last November can halt in this band and ...

TECHNICAL ANALYSIS: Reliance Infra
The short-term trend in Reliance Infrastructure turned overtly negative with the strong penetration on the support at Rs 840. As explained earlier, a re-test of the previous trough at Rs 660 becomes imminent now. The medium-term trend in ...

TECHNICAL ANALYSIS: SBI
SBI continued to surprise with its resilience. Despite brief incursions below the short-term support at Rs 1,400, the stock managed to close above this level on all four days. A move higher towards Rs 1,565 or Rs 1,620 is possible in ...

TECHNICAL ANALYSIS: Unitech
This stock recovered from the low formed at Rs 97.5 on Monday to spend the rest of the week in a narrow range between Rs 100 and Rs 120. The doji formation in the weekly candlesticks chart denotes status ...

TECHNICAL ANALYSIS: Reliance
RIL declined below the short-term support at Rs 1,950 last Monday and recorded a trough at Rs 1781 thereafter. The bearish engulfing candle with a shaven head formed in the weekly chart implies that the down trend can continue to drag the ...

STOCK MARKETS: Prominent bulk deals on NSE and BSE
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MUTUAL FUNDS: HDFC Capital Builder Fund: Hold
Investors can retain their holdings in HDFC Capital Builder Fund, which has outpaced its benchmark CNX 500 over the past five years, barring 2006. The fund has a strategy of investing in companies that are priced below their fair ...

FINANCIAL MARKETS: Principal-protection notes: Costly for allaying investors’ fears?
Asset prices have crashed globally due to the financial mess on Wall Street. It is in times such as these that asset management firms peddle products that allay investors’ fears and encourage them to regain exposure to the stock ...

RIGHTS ISSUE: Differential voting rights
Nearly seven years after the government permitted the issue of equity shares with differential voting rights, Tata Motors becomes the first Indian company to make a rights issue carrying differential voting rights (DVR), with its offer ...

DERIVATIVES MARKETS: CDS for dummies
He called them “the financial weapons of mass destruction”. ‘He’ was ‘Warren Buffet’ and ‘them’ was ‘Derivatives’. Boy, the world’s smartest investor could not have been ...

DERIVATIVES MARKETS: Weakening trend in Nifty futures
The sudden and sharp fall on Friday added to the already weakening trend in Nifty futures, which ended the week 3851 points against its previous week’s close of 3998. But what’s worth noting is that the Friday fall came with a ...

DERIVATIVES MARKETS: Iron Condor - to benefit from a range-bound market
The last couple of months have seen an unprecedented rise in options trading volumes. And why not, for in such volatile markets it is always options that come to the fore. The simplest of option strategies that can be used in such markets ...

STOCK MARKETS: Markets remained stressed
Last week began on a grim note with Belgium’s largest service firm Fortis Financial and UK’s Bradford and Bingley Plc filing for bail out. The US senate’s refusal of the bailout package for the bankrupt firms added further ...

MUTUAL FUNDS: Five-year returns dwindle
The sharp correction witnessed thus far in 2008 would have sent the portfolio of many a ‘recent investor’ plummeting into the red. True, the return scenario for long-term investors of, say, at least five years may appear a lot ...

STOCK MARKETS: Bull's Eye
E-mail your response by Tuesday ...

STOCK MARKETS: Baskets of X
E-mail your guess before Tuesday ...

BOOKS: Ten tactical principles for investors
Realism is the first of 10 tactical principles that David M. Darst lists in The Art of Asset Allocation, second edition ( www.tatamcgrawhill.com). Be realistic enough ...

MUTUAL FUNDS: Update
JM Financial Mutual Fund has notified the following changes in the load structure of its equity schemes: Systematic investment plan under equity schemes will attract an entry load of 2.25 per cent and an exit load of 1 per ...