The Hindu Business Line : Sunday, June 09, 2002

Reckitt Benckiser India: Accept
Shareholders in Reckit Benckiser India have nothing to gain by holding on to the stock. Since they are unlikely to get a higher price even in a second open offer, it may be best to take this exit option. More

MUTUAL FUNDS

The Alliance'95 Fund: Invest
FRESH investments can be contemplated in The Alliance'95 Fund, and unitholders can stay invested. Overall, stock prices have moved to lower levels and further downside is possible if the cross-border tensions worsen. Such downside can be used to ... More

Pioneer ITI Bluechip: Good long-term buy
With equity prices descending to lower levels and valuations attractive from a long-term perspective, investments in equity mutual funds can be considered. Among the handful of equity mutual funds, which have delivered consistent performance over ... More

Zurich Prudence Fund: Invest
FRESH investments in Zurich Prudence can be considered with a long-term perspective. The performance of the fund in the last five years has been impressive, especially in the down markets of 2000 and 2001 and during stock market rallies. ... More

Magnum Contra Fund: Hold
RIDING piggyback on the surge in market fancy for PSUs, the Magnum Contra Fund has appreciated by 37 per cent since the beginning of 2002. Its performance since launch compares favourably to both the narrow market indices and to the relevant ... More

Pioneer ITI Taxshield: Invest
INVESTORS in Pioneer ITI Mutual Fund's Taxshield can stay with the fund. Fresh investments can also be considered as it offers a good opportunity, given the present level of stock prices. The fund has performed well since launch, though much of ... More

Fixed Maturity Plan from Kotak Mahindra

US-64: Dividend dilemma

STOCK MARKETS

Asian Paints okays delisting in 7 SEs

DERIVATIVES MARKETS

To hedge and hedge
Too many end-users come in thinking `How can I make millions of dollars?' I gave a speech recently to a group of regulators, and the question at the end was did they win? But that is not the point. It's really hard to get through to end-users ... More

Why investors want to hedge... And where the bottlenecks lie
WHAT is hedging, and why do investors want to hedge? The answer is straightforward. You may ask yourself why you should invest in the stock market when you can get similar returns from other less-risky options, such as bonds or bank deposits. It ... More

Markets tread on negative zone
OVERALL Trends: Though there were hints of diffusion of tensions at the border, a concrete development is yet to happen. However, the stock markets treaded in positive territory during the week. On a week-on-week basis, the BSE Sensex ... More

COMMENTARY

Positive trend in Tata Engg, ICICI Bank
AFTER some weak trend in earlier weeks, the stock market sentiment improved during the week gone by. Signs of easing of border tension imparted positive market sentiment. Except for weakness on Friday, the Sensex managed to rule firm on the other ... More

Further uptrend in HLL, ITC
ITC (Rs 627): As mentioned last week, the scrip has to close above Rs 650 for restoration of a short-term bullishness in the scrip. Though there is no evidence of a reversal in the overall bearish sentiment in the weekly time frame, there ... More

Tatas' decision taking toll on VSNL stock

PSUs continue to hold sway

Nasdaq: Bearish week

RECOMMENDATION

Tata Engineering: Hold/Buy on declines
The turnaround in Tata Engineering's fortunes has been dramatic. The critical question is: Will it be sustained? The company's continued focus on cost-reduction, the expected growth in demand for commercial vehicles and the launches slated in passeng er cars lend hope that Tata Engineering would be able to gain strength from here on, says Raghuvir Srinivasan. More

Dr Reddy's: Hold
POWERED by its international business, Dr. Reddy's Laboratories turned in an impressive performance for the financial year 2001-02. The sales and net profit for 2001-02 were Rs 1,600 crore and Rs 460 crore ... More

Nirma: Hold
KEEPING in line with the trend in the FMCG sector, soaps and detergents major — Nirma — has reported a depressed topline growth for the quarter ended March 2002. However, the company has managed to record a sharp improvement in ... More

Stick to old healthies

Paper Products: Hold/Sell on rise

IPOS

I-Flex Solutions: Growth at the floor price
Recommendation
Invest at floor price of Rs 530 More

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