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Sunday, December 08, 2002

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OPEN OFFERS


Grasim's open offer: Will the L&T board stand up now?
IN ALL the hectic activity surrounding Grasim's open offer for Larsen and Toubro, what stands out is the rather timid approach of the L&T's board of directors. The open offer at Rs 190 per share by Grasim was put on hold by the Securities ... More

FINANCIAL SERVICES


ICICIdirect.com kicks off customer education drive
ICICIdirect.com, the online trading service of the company, has launched a customer education drive that will cover major cities and towns across the country over the next two months. The customer empowerment drive, which kicked off a couple ... More

MUTUAL FUNDS


UTI Master Index Fund: Switch
INVESTORS in UTI Master Index Fund, the passive index fund tracking the BSE Sensex, may use the recent surge in the index to book profits and switch to a diversified equity fund with a good track record. For one, in the Indian context, quite a ... More

Templeton India Money Market Account: Invest
TEMPLETON India Money Market Account offers good returns for those with short-term investment horizon. As of November 30, the fund had 91 per cent of its assets in short-term corporate instruments, and 9 per cent in call money. Investors can ... More

MF flows in October: Hectic activity in short-term funds
INFLOWS and outflows into mutual funds put together crossed the Rs 50,000-crore mark in October, indicating the dominance of short-term flows. In October 2001, the two-way flows amounted to around Rs 22,000 crore. Though this has been a dominant ... More

IDBI Principal Balanced Fund: Hold
GIVEN the encouraging performance of IDBI Principal Balanced Fund in the last 12 months, investors can stay with the fund. However, fresh investments may be contemplated after a fresh evaluation of performance. Further evaluation is necessary ... More

Sundaram Growth: Hold
UNITHOLDERS can hold their current investments in Sundaram Growth Fund. The fund has, since launch, significantly out-performed the BSE 200 index. Going forward, it holds potential to outperform the index in the event of a market rally. ... More

Towards more flexible options
CHEQUE-writing money market funds may usher in a significant change in the mutual fund industry in India. These funds will attract a greater number of investors to the mutual fund fold. The players can sell their other products to the new ... More

  • UTI Bill 2002 gets Parliament nod

    STOCKS


    Electrolux not to delist from Indian bourses
    ELECTROLUX Kelvinator Ltd (EKL), the Indian subsidiary of Swedish white goods major AB Electrolux, has put all market speculations to rest by stating that it has no intentions of delisting from the Indian bourses. Speaking to Business ... More

    STOCK MARKETS


    Dressing up the November effect
    ANALYSTS who exhorted investors to put money in stocks in October this year have been vindicated. Stocks are up and do not appear set to look back in the near term. The analysts' recommendation this time around was based on two factors — ... More

    DERIVATIVES MARKETS


    Firm trend in equities
    UPBEAT sentiments that stemmed from positive developments in the Government exercise to divest its stake in state-owned companies pushed up equities towards the end of the preceding week. Following a marked surge in the last trading session, the ... More

    Physical settlement for derivatives
    THE advisory committee on derivatives recommends that derivatives on individual stocks should shift to physical settlement. The committee also recommends that physical settlement be implemented for all stock-based derivative products ... More

    Of call options for shareholders
    ALL of us are aware of equity options. These are derivative contracts with equity as the underlying instrument. An option on Satyam, for instance, is a derivative contract with Satyam stock as the underlying instrument. But did you know that a ... More

    COMMENTARY


    Titan Industries: Buy on declines
    EXCEPT for a weak trend on Tuesday and Wednesday, the stock market sentiment remained buoyant during the just concluded week. Much of the buoyancy was underpinned by the firm trend in public sector and old-economy stocks such as Hindustan Lever, ... More

    Positive outlook for Infosys
    Nifty (1069.8): As anticipated last week, the index declined to seek support at the target zone of 1025-1035. The near-term outlook for Nifty continues to remain positive. A move past 1075 would confirm the bullish view while a drop below ... More

    Oil PSUs perk up on positive divestment climate
    HPCL (Rs 275): The stock price of the state-owned oil refinery major, Hindustan Petroleum, went up this week by 24.9 per cent. This follows the favourable decision taken on the disinvestment issue, at an informal meeting of the Cabinet ... More

    US leads the bull run
    LED by the US market, major bourses across the globe continued their bull run in November. A slew of positive news that included increased durable goods orders and declines in jobless claims in the US seemed to have given confidence to investors. ... More

    Nasdaq: Downward in force
    EXCEPT for a nominal gain on Friday, the stock market sentiment at the American bourses remained weak in the remaining four trading days. The flow of disappointing data pertaining to manufacturing sector and reports of a lower car production in ... More

    RECOMMENDATION


    Apollo Hospitals: Hold
    EXPENSES associated with infrastructure addition led to Apollo Hospitals recording a modest growth in profit for the first half (April-September) of 2002-03 despite a healthy growth in income. For the first half, Apollo Hospitals registered an ... More

    Sundaram Brake Linings: Buy
    THERE are no signs of slowdown in the automobile production, which has been improving steadily since the third quarter of the previous fiscal. This has helped quite a few auto-ancillary companies, including Sundaram Brake Linings, to record a ... More

    NIIT: Over-priced
    EXISTING investors in NIIT can reduce their exposures in the stock. After the recent rally, the stock appears over-priced relative to the potential for appreciation in future. The bad news at NIIT almost seems to be over with the cleaning up ... More

    Siemens: Buy
    THE fortunes of Siemens India, one of the prominent players in the electrical and electronic engineering segment, appear to be improving in sync with the general economy. The company has maintained steady growth during the recessionary period by ... More

    Balaji Telefilms: Hold/Buy on declines
    FRESH investments in the stock of Balaji Telefilms need not be considered now. However, this is also not the time to sell. The stock can be considered for acquisition in the event of a decline in valuations. The stock's woes are mainly due to ... More

    Pidilite Industries: Buy
    INVESTORS with a long-term perspective can contemplate taking an equity exposure to the stock of the sealant and adhesive major Pidilite Industries, at the current price of Rs 226. Pidilite is the market leader in the premium adhesives and ... More

    Market disconnect
    Sterlite Optical: Hold
    Finolex Cables: Hold
    Aksh Optifibre: Sell on rise
    More

    IPOS


    Radaan Mediaworks plans public issue
    THE Chennai-based Radaan Mediaworks (I) Ltd, promoted by the film actress, Ms Radikaa and her family, plans to tap the market with a public issue of 27.12 lakh shares of Rs 10 each at a premium of Rs 30 each, aggregating Rs 10.84 crore. The ... More
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