The Hindu Business Line : Sunday, September 07, 2003

Oil stocks — Have they run up too much too soon?
Global oil consumption is showing an increasing trend, with projections of about 9 per cent growth in demand for this calendar year. More

MUTUAL FUNDS

Sundaram Tax Saver: Hold
AFTER an unimpressive start, Sundaram Tax Saver has registered a sharp improvement in performance over the past one year, generating a return of about 50 per cent over this period. During the year, the fund has delivered lower returns than HDFC ... More

Pharma funds — Cash in on uptrend
Magnum Pharma: Sell
Franklin Pharma: Sell
UTI Pharma: Book profits partially More

TECHNICAL ANALYSIS

Query corner
I am holding shares of IDBI and Ranbaxy . Shall I sell them now? — S. Sriradha & S.Viswanath IDBI (Rs 34): The immediate outlook for the stock does not appear positive. A drop to the Rs 29-30 range appears likely. However, ... More

Bullish long-term trend in ABB
ITC (Rs 836): As anticipated, the stock ruled firm and managed to move towards the target zone of Rs 850-860 that was mentioned last week. After touching a high of Rs 861, the stock turned weak on Tuesday. The near-term outlook appears ... More

Poised for higher target zone
Preferred view: The overall outlook continues to remain positive. The index appears well on course to move to the upper end of the target zone of 1400-1450. The index could eventually move towards the 1500 mark within the next few weeks. ... More

DERIVATIVES MARKETS

Tata Steel remains active
AFTER breaching the crucial 1400-mark on Friday, the National Stock Exchange's S&P CNX Nifty gained over 3 per cent during the week to close at 1398.40 as against the previous week's close of 1356.55. However, the average daily turnover during ... More

What is the CNX IT Index?
CNX IT is an index comprised of the most liquid and large capitalization IT stocks traded on the NSE engaged in the business of software or hardware. CNX IT index provides investors and market intermediaries with an appropriate benchmark that ... More

COMMENTARY

Markets in August — Trio on the bull run
LED by Japan, August clearly belonged to the Asian markets as they posted smart gains even as majority of benchmarks across the globe finished the month in the positive territory. US: The US markets began the ... More

Mood upbeat in fertiliser

Mid-cap pharma stocks continued to exhibit firm trends. Divi's Labs and Matrix Laboratories were star performers. Among small-cap pharma stocks, Fulford India and Bal Pharma stood out.

Fertiliser stocks across the board were upbeat on ... More

Number hopes jack up Sesa Goa 25%
Elder Pharma (Rs 128): The stock surged 32 per cent - the highest gainer amongst a swathe of mid-cap and small-cap pharma stocks that posted gains during the week. Divi's Labs (Rs 891): The stock rose 27 per cent. WTO ... More

RECOMMENDATION

Rallis India: Hold/Avoid fresh exposures
Hopes of an early turnaround have propelled the Rallis India stock in the recent times. The turnaround hinges on a revival in agrochemicals offtake and an infusion of cash to retire debt. Though both seem possible, a few `ifs' remain for investors, says Aarati Krishnan. More

Motherson Sumi Systems: Buy
THE recovery in the automobile sector has had a positive impact on the financial performance of quite a few auto ancillary companies. Motherson Sumi Systems is one such company.Taking into account the continued ... More

Shree Cement: Buy (High Risk)
EXPOSURES can be contemplated in the stock of Shree Cement at Rs 90 by investors with a penchant for high risk. As a small player in the industry , the risks associated with Shree Cement are higher than the industry ... More

Eicher Motors: Hold
SHAREHOLDERS of Eicher Motors can continue to the hold on to the stock at the current levels of Rs 150. At this price, the stock trades at a price-to-earnings (P/E) of about eight times (taking its 2002-03 earnings per ... More

Asian Paints: Buy
FRESH exposures can be contemplated in the stock of Asian Paints, the leading player in the decorative paints market in the country, at the current price of Rs 305. In the backdrop of a good monsoon, the prospects ... More

Marico Industries: An appetite for risk
DESPITE an appreciation of 16 per cent over the past two months, the Marico Industries stock may hold potential for further appreciation over the long term. But the stock may be suitable only to investors with an appetite for risk, as a ... More