Financial Daily from THE HINDU group of publications
Sunday, June 02, 2002

News
Features
Stocks
Port Info
Archives


Subscription

Group Sites

MARKETS

MUTUAL FUNDS


IDBI Principal Income Fund: Hold/Invest small amounts
INVESTORS in the IDBI Principal Income Fund can stay invested, given its reasonably good track record, though the fund has been functioning for less than two years. Its tenure to date has been characterised by an extremely favourable environment ... More

Templeton India Growth Fund: Invest
GIVEN the decline in broad market levels, this is a good time for investors to build cautious exposures in equities. The Templeton India Growth Fund (TIGF), an equity fund, seems to qualify as a good investment candidate for those looking for ... More

Prima Plus: Hold
INVESTORS in Prima Plus can stay invested. But those looking for diversified funds, especially when stock prices are at lower levels, need consider this fund only if they already have exposures to diversified funds that focus on frontline stocks ... More

Pioneer ITI Internet Opportunities Fund: Switch
INVESTORS in the Pioneer ITI Internet Opportunities fund could consider switching their investments to a diversified equity fund with a good track record over the past five years. Though its name suggests a technology focus, just over half of ... More

US-64: Repurchase by UTI in June too
THE Unit Trust of India (UTI) has extended the repurchase facility under the Special Liquidity Package for US-64 to June 22. The book closure will be between June 24 and 30. The repurchase price applicable for June is Rs 10.90 per unit. The daily ... More

Ads should tell the real story
THE changes effected by Securities Exchange Commission of the US to rules governing advertisements by mutual funds are interesting and revealing. Interesting aspects of the amendment relate to:

  • Disclosures relating to charges and ... More

    STOCK EXCHANGES


    `Investors have confidence in NYSE companies' — Mr Georges Ugeux, Group Executive Vice-President, International, NYSE
    THE New York Stock Exchange's Group Executive Vice-President, International, Mr Georges Ugeux was recently in India scouting out for potential future listings. He spoke to Business Line about various ... More

    DERIVATIVES MARKETS


    Uncertainty dogs bourses
    OVERALL Trends: With war fears looming large the political situation continues to remain in a state of uncertainty. This led to some sell off in the cash markets and the negative sentiment could well persist into the future. On a ... More

    REGULATORY BODIES & RULINGS


    SEBI Act set to be amended
    THE Finance Ministry is set to finalise the amendments to the Securities and Exchange Board of India (SEBI) Act, following the ironing out of differences with the Department of Company Affairs over the issue of granting search and seizure powers ... More

    COMMENTARY


    Fundas tell only half the story
    LOSSES in portfolio value in recent years are testimony to the fact that, even at the best of times, predicting stock price behaviour is not easy. And these are anything but the best of times. The global outlook post-September 11 and local ... More

    Behind the prices and methodology
    WHAT do stock prices tell us? Do they reflect a company's future earnings potential or its past performance? It is important to understand what the stock price represents before making an investment decision. One of the earliest investment ... More

    Selling pressure from FIIs
    IT was yet another week of selling pressure and stocks ended the week lower. Narrow benchmark indices such as the S & P CNX Nifty and BSE Sensitive Index as well as broad market indices covering a larger number of stocks ended lower. The pressure ... More

    Weak trend in pivotals
    ITC (Rs 613): As mentioned last week, the scrip enjoys a crucial support at the Rs 570-575 band. A close below Rs 570 could impart lead to a sharp downside movement. As of now, both the trend and the momentum are still bearish. It is, ... More

    Pare exposure in Digital GlobalSoft
    WITH no signs of an improvement in the Indo-Pak standoff, the stock market sentiment was dampened further during the week gone by. The Sensex closed on a weak note on all the five trading days of the week. The subdued trend in technology heavy ... More

    Adlab Films gains 16 pc
    HMT: The machine tool manufacturer has made substantial gains on the bourses last week unaffected by war clouds that have affected the general market sentiment. The stock shot up by 76.7 per cent during the week from Rs 15.90 to Rs 28.10. ... More

    Nasdaq: Market sentiment remains bearish
    THE trading activity last week was curtailed to four days on account of market holiday on Monday. The stock market sentiment continued to remain negative with all the three-benchmark indices closing the week on a subdued note. Growing concerns ... More

    RECOMMENDATION


    United Breweries: On a high
    Recommendation:
    Higher risk preference: Buy
    Low risk preference: Hold and cut exposures at around Rs 175-180 More

    HLL: Price levels offer opportunity
    As a key index constituent, the Hindustan Lever stock has been battered by profit taking as apprehensions of war gathered steam over the past week. The stock is now trading at Rs 185, having fallen a third from a high of Rs 262 reached in March ... More

    HPCL: Hold/Buy on declines
    A STRONG performance in the fourth quarter has bailed out Hindustan Petroleum Corporation Ltd (HPCL) for fiscal 2001-02. But for the sharp rise in earnings during the January-March 2002 quarter, HPCL would have reported a much worse ... More

    Kinetic Motor: Pare exposures
    THE scooter-maker Kinetic Motor Company is losing speed, as evident in its performance for the year ended March 2002. A subsidiary of Kinetic Engineering, Kinetic Motor Company is better known as the manufacturer of the Kinetic brand of automatic ... More

    Stay with these papers for now
    Recommendations:
    Ballarpur Industries: Hold/Avoid fresh exposures
    TNPL: Hold/Buy on declines
    West Coast Paper: Hold
    JK Paper: Hold
    Seshasayee Paper: Hold More

    Aventis CropScience: Pare exposures
    THE stock price of Aventis CropScience India has appreciated around 80 per cent since September 2001, from around Rs 84 to Rs155. The recent surge in stock price can be attributed both to improved financial performance and to speculation about ... More

    PNB Gilts: Hold
    SPECULATION about future interest rate movement takes up a lot of space in the financial newspapers today. The Government suggests that policy measures will push for a soft interest trend, but the financial market seems to think otherwise. In ... More

    RIGHTS ISSUES


    Kopran: Unattractive
    KOPRAN has approached shareholders with a rights issue of equity in the ratio of one share for every two shares held. The rights issue has been priced at Rs 40 per share, and the company hopes to raise Rs 28.60 crore. Following the rights ... More
    Stock Quotes
    SE Diary
    Comments & Letters to the Editor to: bleditor@thehindu.co.in
    Subscribe to: Business Line
  • Top Stories
    Contract farming -- Rallis ties up with SBI; replaces ICICI Bank


    Cos will be able to pay dividend to pref shares from capital -- Act change in wake of telecom row

    Uncle Sam's report card

    Petrol price hike likely on Monday

    100% FDI plan in tea plantation raises queries

    Exports recover, up 18% in April

    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives

    Looking back
    May. 26-Jun. 1
    Listed PSUs make Govt richer by Rs 45,000 cr

    Sensex sheds 97 points as Musharraf douses sentiment

    Foreign shareholding in India Inc ebbs

    i-flex IPO to open on June 5 at Rs 530


    The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
    Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

    Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line