The Hindu Business Line : Sunday, May 26, 2002

Padmalaya Telefilms: Accept
SHAREHOLDERS of Padmalaya Telefilms can use the ongoing open offer at Rs 148.5 per share to cut exposures in the company. The price appears attractive given the fundamentals and valuation levels commanded by the Padmalaya stock. At the ... More

Fine Drugs and Chemicals: Accept
VORIN Laboratories and Oscar Investments have announced an open offer to acquire 12,57,200 shares or 20 per cent of equity of Fine Drugs and Chemicals (FDCL) at Rs 4.20 a share. The offer closes on 28 May 2002. Given the dire financial straits ... More

Sampark Trading: Accept
SUBSEQUENT to an agreement entered into with the promoters of the company, the acquirers have made a cash offer to the shareholders of Sampark Trading and Finance Company to acquire 20 per cent of the equity at Rs 12 per share. The acquirers, ... More

Harita Finance: Accept
TVS Motor Company has made an open offer to the shareholders of Harita Finance to acquire 50.30 per cent of the equity at Rs 10 per share. The person's acting in concert (PAC) already hold 49.70 per cent of the equity in Harita Finance. ... More

MUTUAL FUNDS

Income Builder Account: Invest
FRESH investments may be considered in the Income Builder Account (IBA), an open-end debt fund of Pioneer ITI Mutual Fund with a good track record. In the last year, it has turned in returns of around 17.5 per cent riding the rising wave in bond ... More

Zurich India: Not for the risk-averse
WITH a decline in broad market levels, this appears to be a good time to build exposures to equities. Investors can take this opportunity to invest in some of the diversified equity mutual funds with a good track record. By virtue of its ... More

Franklin India Index Tax Fund: Invest
THE sharp fall in the equity indices due to the apprehensions of a war with Pakistan present a good opportunity for long-term investors to take exposures in equities. Index funds are one of the several vehicles by which investors can take an ... More

K-30: Hold/Avoid fresh exposures
INVESTORS in K-30, the open-end equity offering from Kotak Mahindra Mutual Fund, can stay invested as it may not make sense to cut exposures at current stock prices. The fund has outperformed the broad markets since launch in 1998 as well as in ... More

Sundaram Growth: Hold

Investors walk out of tax funds

Sun F&C Intl Plan

STOCK MARKETS

Of markets, war and peace
WHATEVER the political pundits may feel, the market at least is betting on peace between India and Pakistan. The stock market posted a handsome 4.5 per cent rise on Friday. The benchmark BSE Sensex rose 141 points that day from Thursday's close ... More

As war clouds gather... Is it good time to buy stocks?
War or not, the market appears to have some downside risk. FIIs have turned net sellers and domestic mutual funds have long been in this position. But the price trends in the next month or two could well provide a decent buying opportunity for invest ors willing to look at a two-three year time horizon. More

DERIVATIVES MARKETS

Negative sentiment prevails
OVERALL Trends: The fluid political situation that prevailed in the country with the rising tensions on the border kept the stock markets under a spate of negative sentiment. However, it recovered some ground on the last trading day of the ... More

Active trading in May 1060 call
INDEX options: Trading interest in index call and put options continued to decline during the week. Only one new call option managed to find a place among the list of top traded calls. Similarly only one new put option managed to find a ... More

June contracts active
THE striking feature of the preceding week's single stock futures trading sessions was the relative increase in the volume of June contracts. To grasp the significance of the development, it is necessary to get an idea of the trend thus ... More

COMMENTARY

Short-term uptrend in Infosys
ITC (Rs 615.85): After dropping to a low of Rs 572 on Thursday, the scrip staged a smart recovery on Friday. As of now, the downside risk in ITC appears relatively limited. Price dips could therefore be used to build exposures in the ... More

Positive outlook for NIIT
THE market movement during the week was overshadowed by the escalation of tension at the Indo-Pak border. The mounting tension and growing war threat affected market sentiment. As a result, the Sensex closed on a weak note on first four days of ... More

FIIs sell big in debt, buy equities
LAST week was almost a throwback to the May of 1998 when the Pokhran blasts led to sharp selling pressure. This time around, it was the spectre of a war between India and Pakistan with brinkmanship at the borders at a high pitch. Four straight ... More

IPCL continues upward journey
AS the threat of war loomed large, markets were ambushed with incessant bear sorties through the week. Key barometers registered turbulence and the contagion of volatility was manifest across many counters. However, the hunters became the hunted ... More

Nasdaq: Recovery under threat

RECOMMENDATION

Corporation Bank: Hold
CORPORATION Bank shareholders can stay invested for now. The company has turned in a steady growth of around 17 per cent in sustainable profits in fiscal 2001-02, which is on expected lines. But for a sharp 31 per cent spurt in `other income' the ... More

Indo National: Hold/Buy on declines
AFTER being pushed to lower levels, the share price of dry cell battery producer, Indo National, recovered significantly over the past few months. The company continues to be a major player in the battery industry and the association with the ... More

The true colours
Recommendation:
Asian Paints: Buy
Goodlass Nerolac - Risk taking: Buy More

SCI: Hold
SHAREHOLDERS of the Shipping Corporation of India (SCI) — including those who entered the stock recently — can stay invested as the disinvestment process could unlock more value from the present price levels. The stock price has risen ... More

Stock Quotes
SE Diary

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