The Hindu Business Line : Sunday, August 25, 2002

SPEED-e wrap up
SPEED-e ("Securities Position Easy Electronic Dissemination") is a common Internet infrastructure that enables the depository participants (participants) to provide depository services to their clients. Demat account holders (including clearing ... More

INVESTMENTS

Get set with Honda's motoscooter Dio
AFTER launching the Honda Activa, a runaway success, about a year back, Honda's Indian outfit is set to launch what it calls, a `motoscooter'. The new two-wheeler, called the Dio, will incorporate the aggressive form of a motorcycle with the ... More

MUTUAL FUNDS

IPCL open offer — Will UTI strike it rich?
UNIT Trust of India (UTI), which is understood to have proffered its nearly 10 per cent holding in IPCL in the mandatory open offer by Reliance Industries, would generate about Rs 250 crore even if half the stake gets sold. The IPCL sale alone ... More

MIP foreclosure: More pros than cons
HOW will the Government foot the bill relating to the shortfall in the UTI's monthly income plans? There are a few suggestions floating around. One of them is that the Government will make good the shortfall as and when the schemes mature. ... More

Alliance Frontline Equity Fund: Unattractive
THE Alliance Frontline Equity Fund, a new open-end equity fund offering from Alliance Mutual Fund, offers to replicate the sectoral weights of the BSE 200 index, while investing in frontline stocks from the entire investment universe. That is, ... More

Canbank MF seeks income tilt
CANBANK Mutual Fund, which went through a difficult phase in the later half of the 1990s, has made a comeback of sorts with a focus on the debt market. Following the fairly impressive showing in Cangilt, its fund that invests in government ... More

Alliance Short Term Fund: Invest

Zurich India Capital Builder: Hold/Avoid fresh exposures

Alliance Capital Tax Relief: Invest

PruICICI Power: Hold

STOCK EXCHANGES

Changes in BSE TECk Index
MUMBAI: The Bombay Stock Exchange (BSE) has announced changes in the BSE-TECk Index by replacing five scrips with new ones. BSE TECk is the country's first free-float index and has 21 scrips from the IT, media and publishing and ... More

STOCK MARKETS

Stock markets and the purpose they serve
THE aberrations that have crept into the capital market system over the last 10-15 years have pulled it further away from the ideal of optimal allocation. Today's corporate decisions are influenced by `yo-yo'ing share prices. They are affected by ... More

Cashing in on the future
LISTEN to this bit of logic: "I believe in myself so you've got to believe in me." But, then, the Chennai-based chartered accountant, Mr Manish G. Tibrewala, makes pretty strong and radical statements. Here is anther. "Not a single management ... More

DERIVATIVES MARKETS

Markets close on positive note
EQUITIES ended the week on a firm note on the heels of a positive sentiment created by fresh institutional investment. During the course of the week, technology stocks attracted a lot attention, and the impact on the derivatives market was ... More

Writing put and catastrophe insurance
LAST week we saw how writing a put option can be used as a method of buying a stock at a lower price. It is a win-win situation wherein if the stock price increases subsequent to the option writing, the investor keeps the premium, but gets paid ... More

Dealing with in-the-money options
IF YOU hold in-the-money (ITM) options, should you exercise or sell them in the market? Let us suppose you bought the August 200 Satyam calls for Rs 8 per option when the stock was trading at Rs 193. As Satyam has since risen to Rs 216, the ... More

COMMENTARY

Positive short-term outlook for Satyam
ITC (Rs 684): The price action during the week confirms the overall negative outlook for the scrip. In the near term, the outlook for ITC does not appear positive. A drop below Rs 675 would impart short-term weakness while a move above Rs ... More

L&T may move up further
THE stock market sentiment remained positive during the week gone by. After some lacklustre movement on Wednesday and Thursday, the trading activity gained buoyancy on Friday with the Sensex posting a gain of about 39 points. Market activity ... More

Castrol perks up on buyback rumour
POLARIS Software: The counter witnessed buying interest during the week backed by a three-fold jump in traded volumes. The apprehensions among the investing community regarding the merger of Orbitech with the company appear to have ... More

Nasdaq: Weak sentiment
AFTER a strong mid-week rally, the market sentiment turned very weak on the last trading day of the week. Intel led the pack of losers on Friday. The scrip turned weak consequent to concerns that the technology-related spending might remain ... More

Technology stocks help markets recover
FOLLOWING a sustained rise in the US markets, particularly Nasdaq, the technology stocks helped the markets stage a modest recovery during the week. With further signs of a revival in the monsoons emerging this week, the old-economy stocks also ... More

RECOMMENDATION

Infosys Technologies: Book profits
EXISTING investors of Infosys Technologies (Infosys) may capitalise on the current uptrend in the stock to book profits. Even though the Infosys management continues to hold "a cautiously optimistic" growth outlook for the coming quarters and has ... More

Digital GlobalSoft: Hold/Avoid fresh exposures
DIGITAL GLOBALSOFT (Digital) has made huge strides in its financial performance in the last three years, since it commenced operations as a software services company, in July 1999. Over the last three years, Digital's revenues have risen four- ... More

Sundaram Finance: Hold
IN A difficult environment for finance companies, Sundaram Finance held its ground in the first quarter (April-June) of 2002-03. The company's profit after tax in the first quarter was Rs 9.37 crore, a marginal increase over the corresponding ... More

GlaxoSmithKline: Hold
GLAXOSMITHKLINE Pharma has announced a significant improvement in its financial performance in January-June 2002. On the heels of a long stretch of lacklustre results and a 35 per cent increase in share price over the last year, it may be the ... More

Balrampur Chini: Hold/Buy on declines
LONG-TERM investors could use the present market condition to take exposure in fundamentally-sound companies. Sugar major — Balrampur Chini Mills — is one such company. which would rank as a long-term portfolio candidate. Though the ... More

Mahindra and Mahindra: Hold
MAHINDRA and Mahindra Ltd (M&M) is showing signs of getting back into a high growth mode this year after reporting a 15 per cent drop in its profits for fiscal 2001-02. The continuance of the first quarter's performance in the other three will ... More

Low floating stock
Shipping Corp: Hold
GE Shipping: Cut exposures More

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RBI Web site to detail gilt deals soon

`Monsoon failure not a cause for panic'

In Depth
Gender Justice

Simple Economics

Small Investor

Looking back
Aug. 18-Aug. 24
Exit price for delisting — Reverse book-building route prone to manipulation: CII

SEBI may merge trading floors of regional bourses

`Equity markets attractive at present' — Mr Sanjiv Shah, Executive Director, Benchmark Mutual Fund

Arbitrage making a comeback at bourses