The Hindu Business Line : Sunday, July 05, 2009

INVESTMENT WORLD

ECONOMIC SURVEY: A roadmap for reforms
Ever since the stock market vaulted 17 per cent on a single day after the elections, equity investors have exuded unbridled optimism. Take the Union Budget. Instead of viewing it as an “event risk,” ahead of which they must ...

TECHNICAL ANALYSIS: Index Outlook — Mapping Budget day moves
The day of reckoning for the UPA Government is here. The Union Budget will demonstrate the extent to which the hopes and expectations woven in to the post-election rally will be translated in to ...

STOCKS: Container Corpn of India: Buy
Investors with a long-term perspective can consider accumulating the stock of Container Corporation of India (Concor). An established player in multi-modal logistics, Concor appears best placed to benefit from the uptick in domestic trade and ...

STOCKS: Cummins India: Hold
Shareholders can stay invested in Cummins India (CIL), a leading manufacturer of diesel engines. Though the stock is not inexpensive at Rs 273 (13 times its FY09 per share earnings), what lends confidence is its strong position in the ...

STOCKS: KPIT Cummins Infosystems: Buy
Investors with a two-year horizon can buy the shares of KPIT Cummins Infosystems (KPIT), given the company’s cost cutting moves and measures to better realisations by working on key operating ...

STOCKS: Brandhouse Retails: Buy
Low valuations and a unique business model make the stock of Brandhouse Retail (BHRL) an attractive buy. BHRL functioned as the retail arm of textile player, S. Kumar’s Nationwide, and was hived off and listed as a separate entity in ...

STOCKS: RCF (Rs 80.3): Buy
Investors with a medium-term perspective can consider investing in Rashtriya Chemicals & Fertilizers ...

MUTUAL FUNDS: Birla Sun Life Midcap Fund: Invest
Investors can buy the units of Birla Sunlife Midcap Fund (Birla Midcap) considering its track record in delivering superior returns during market upswings and ability to reasonably contain downsides. The fund has bettered benchmark CNX ...

INSIGHT: Are Indian stocks over-valued?
In May 2004, soon after Left parties notched up their best electoral performance, the stock indices collapsed by 20 per cent as fear gripped Mr Market. But Mr Market’s fear proved unfounded. Ironically, India turned in one of its ...

MUTUAL FUNDS: DBS Chola Opportunities: Buy
Investors can consider adding DBS Chola Opportunities Fund to their equity portfolio. Helped by a relatively small asset base which allows flexibility in management and good sector choices, the fund has delivered a stunning performance in ...

BUDGET: Budgeting for Gen-Y
“Until last year I never really cared about the Union Budget. But now, since I run my own law firm, every penny counts. I am going to hang-on to Mr Pranab Mukherjee’s speech word by word on Monday,” asserts Arjun Manohar, ...

INSIGHT: Six wishful demands for a dreamy Budget
Industry bodies, trade associations, consumer fora and the media have all released their Budget wish lists. Some of these may come through; others may never see the light of ...

INTERVIEW: In realty, the worst is over
The near lull in the housing sector just months ago has been replaced by a slew of project launches touting affordable price tags, and a fund-raising spree by leading realtors. Developers are keeping their fingers crossed that ...

TECHNICAL ANALYSIS: Query Corner: What the charts say
In the February 01, 2009 issue of Business Line you had reviewed KEC International with the price targets of Rs 312. This target was met in the recent upsurge in the market. Please explain your updated technical view on ...

REAL ESTATE & CONSTRUCTION: Up against the price wall
Rajiv Swagruha, a housing scheme by the Andhra Pradesh Government for the middle class in major towns, has hit a roadblock in Visakhapatnam city and also at Anakapalle, the jaggery town in Visakhapatnam ...

INTERVIEW: ‘Profit or loss is a function of expansion plans’
A new valuation metric, embedded value, has emerged for putting a value to an insurance company. Mr Rajesh Sud, CEO & Managing Director, Max New York Life Insurance, spoke to Business Line on how it is computed ...

REAL ESTATE & CONSTRUCTION: Wadas of Pune ripe for redevelopment
Residents of Pune’s wadas, the 16th century-style tenements in the heart of the city, are fast waking up to the need to do something about their crumbling edifices. That redevelopment of wadas has ...

BOOKS: New market structures
Can we solve the present economic crisis by launching ‘a new moral crusade to shame corporations into social responsibility,’ or by building ‘big bureaucracies to micromanage them’? No, we can’t, says Daniel Friedman ...

TAXATION: Gift cash to spouse, pay tax on interest earned
I am a salaried employee working in a State Government Department. I recently withdrew some money from my Government Provident Fund account. I would like to invest the money in a fixed deposit account for a year in the name of my ...

BUDGET: Change with the times
The Bangalore-based Mantri Developers has come out with compact apartments about 20-25 per cent smaller than what was commonly sold till last year. A residential unit now is about 1,000 sq.ft for a two-bedroom apartment instead of ...

TECHNICAL ANALYSIS: Reliance (Rs 2,025.8)
RIL bounced higher in the early part of the week in line with our expectation but it could not surpass the first resistance at Rs 2,120 and moved sideways with a slight negative bias thereafter. Short-term resistances remain at Rs 2,120 and ...

DERIVATIVES MARKETS: Nifty future to take direction from Budget
Once again Friday came to the market’s rescue helping the Nifty future close the week on a positive note. The Nifty July future closed at 4424.65, gaining 0.9 per cent over the previous week’s close of 4384. But the Nifty future ...

LIFESTYLE: Driven by ‘hot state’
Last week, I was down with severe stomach infection. When I was lying on the bed in pain, I decided that I will henceforth stop eating the greasy potato chips, the creamy cakes and the like. Two days later, when I got better and walked into ...

STOCK MARKETS: Prominent bulk deals on NSE & BSE
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MUTUAL FUNDS: Monitoring simplified!
Quantum Equity Fund of Funds. Bewildered by the sheer number of fund houses and schemes on offer in the equity space? Quantum Mutual Fund offers to simplify the task of selecting the rights funds, through a new Fund of Funds offering. The ...

INVESTMENTS: Entry load: How SEBI’s decision benefits investors
The Securities and Exchange of India’s (SEBI) decision to remove entry load on all mutual funds from August 1, 2009, is commendable. Mutual fund distributors would then have to directly charge their customers fees for investment advice. ...

INVESTMENTS: Benchmark S&P CNX 500 Fund
Do you wish to own a basket of 500 stocks that represent 95 per cent of the total market capitalisation ? Benchmark’s S&P CNX 500 index fund could well be a choice. Launched in November 2008, this passively managed index fund may ...

INVESTMENTS: QIPs demystified
If news reports are anything to go by, 67 Indian listed companies are proposing to raise about Rs 25,000 crore through the qualified institutions placement (QIP) route. PTC India, a power trading company, Unitech Realty and Suzlon ...

BUDGET: Budget Expectations
While fiscal prudence will be attempted, we expect little change to the Centre’s fiscal deficit of more than 6 per cent of the GDP. Alternative sources of raising finances, such as disinvestment, relaxation of FDI ...

TECHNICAL ANALYSIS: Relative strength index
The Relative Strength Index (RSI) oscillator determines the strength in the prevailing trend by comparing the magnitude of a stock’s recent gains to the magnitude of the recent losses. The graph below shows the RSI plotted below the ...

STEEL: Steel bends under slowdown pressure
The recent bull run in the commodities markets has seen the Reuters CRB Metals index rebound by 60 per cent from its December lows. However, steel is one commodity which appears to have missed the bus, with prices hovering at just 10 per cent ...

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

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

MUTUAL FUNDS: Update
SEBI’s regulation forbidding mutual fund entry loads will come into effect from August 1. The measure will allow the investors to decide on the commission to be paid to ...