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Sunday, January 23, 2005

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MUTUAL FUNDS


MF distributors told to show proof for service tax refund
TAX authorities have asked mutual fund distributors who have claimed refund on service tax to first prove that they have not collected the same from their customers in order to be eligible for a refund. The office of the Joint Commissioner of ... More

HDFC Growth: Hold
INVESTORS in HDFC Growth Fund may remain invested, as the performance of the fund has perked up over the nine months when it has earned a few percentage points more than in-house peer funds such as HDFC Equity and HDFC ... More

SBI Magnum Equity: Switch
INVESTORS in SBI Magnum Equity can consider switching a portion of their exposures to SBI Magnum Multiplier Plus and SBI Magnum Contra. SBI Magnum Equity has done better than its benchmark BSE-100 over the years. The ... More

  • HSBC to launch Dynamic Midcap fund

    STOCKS


    Stocks surge ahead of M&A news
    DOES the stock market have an inkling of major corporate developments before they are announced? It would appear so if the spurt in stock price and volumes in the scrips of several companies that have gone through major corporate developments ... More

    TECHNICAL ANALYSIS


    Focus of the week
    IDBI (Rs 118.4): The announcement of the swap ratio for the merger with IDBI Bank is likely to act as a positive trigger. The chart patterns suggest that the stock is likely to seek higher levels. Hold with a stop loss at Rs 99. A drop ... More

    Positive outlook for ITC
    ITC (Rs 1,378.45): The court ruling quashing the levy of luxury tax by State governments on sale of cigarette and tobacco products imparted a positive trend on Thursday. There was a sharp upward move on the back of a rise in trading ... More

    Nifty could test key resistance level
    Preferred view: The market sentiment was distinctly lacklustre during the past week. The Nifty was stuck in a narrow trading zone. A move above 1967 would be a short-term positive trigger, which would help the index move to the ... More

  • Query corner

    DERIVATIVES MARKETS


    Trading may be range-bound in Nifty
    AMID a volatile market condition, rollover of open interest positions in both index and individual stock futures was quite modest on the NSE last week; trading activity too picked up ahead of settlement week as the average daily turnover stood at ... More

    Margin collection
    Initial Margin - is adjusted from the available Liquid Networth of the Clearing Member on an online real time basis. Futures contracts: The open positions (gross against clients and net of proprietary / self trading) in the futures ... More

  • Options guide
  • Futures guide

    REGULATORY BODIES & RULINGS


    SEBI amends takeover code
    SEBI has amended the takeover code with effect from December 30, 2004. This effectively means that creeping acquisition of over 55 per cent in a company cannot be made through open offers, market purchases or preferential allotments. SEBI is ... More

    RECOMMENDATION


    Mastek: Keep it on hold
    INVESTORS can consider retaining their exposure in the Mastek stock. At the current price levels of Rs 359, the stock trades at a price-earnings multiple (PEM) of 9.9 times its annualised 2004-05 earnings. The ... More

    Gujarat Ambuja Cement: Buy
    An investment can be considered in the stock of Gujarat Ambuja Cement, especially for any weakness linked to trends in the broad market. Its strategic partnership with Holcim of Switzerland is likely to be of a value-enhancing nature (refer to ... More

    Hero Honda: Sell and re-enter at lower levels
    THE motorcycle major, Hero Honda, has reported subdued trends in performance for the quarter ended December 2004. The 27 per cent jump in turnover, helped by a 24 per cent rise in sales volume, did not, however, ... More

    Ranbaxy Labs: Hold
    SHAREHOLDERS of Ranbaxy can retain their holdings in the stock. . There has been some choppiness in the trading of the stock, which has shed about 20 per cent over the past month. Though a correction of such magnitude ... More

    Taj GVK: Buy
    FRESH exposure can be considered in the Taj GVK stock. Hotel stock, which was on an upswing because of a boom in tourism, has been under pressure, postearthquake/tsunami. There is now an uncertainty over the impact the ... More

    PUBLIC OFFER


    Dena Bank: Unattractive
    Dena Bank has had a chequered history having to set-off large accumulated losses against its reserves twice in the past decade. It has, however, returned to profitability in the past two years. More
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    In Focus

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    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
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    Looking back
    Jan. 16-Jan. 22
    Minor variations, no real mutual benefits

    Volatile condition may prevail

    Market participants upbeat on banking stocks

    FII stake in Satyam up at 56.59 pc

    SEBI mulls altering takeover code


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