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Sunday, January 30, 2005

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Birla Advantage Fund: Hold
INVESTORS can stay with Birla Advantage Fund. The fund outperformed the benchmark indices by a significant margin over the year. It should, however, not be the only fund in your portfolio as its performance over a ... More

  • Franklin Bluechip declares 25 pc dividend

    TECHNICAL ANALYSIS


    Nifty may seek 2300 level
    Preferred View: The market sentiment was distinctly bullish during the week gone by, despite the expiry of the January month derivatives contract on Thursday. The index managed to hold above the crucial Fibonacci support level at ... More

    Positive outlook for Infosys, HLL
    ITC (Rs 1400.65): The earlier bullish outlook remains unaltered. The stock appears on course to move to the target zone of Rs 1450-1500. Fresh buying may be considered, with suitable stop-loss, on a move above Rs 1420. Shareholders may ... More

    Focus of the week
    Saw Pipes (Rs 237.2): The recent recovery in the share price appears to be the start of a new upward move. The stock is likely to move to the Rs 255-260 range. A move above Rs 245 would confirm the positive outlook. Remain invested with ... More

    Possible downward bias in Nifty
    LAST week saw the smooth settlement of January contracts and the introduction of April contracts at the derivative segment on the NSE. Rollover of open positions from January to February contracts was also quite hectic, both in index and ... More

  • Query corner
  • F&O - Query corner

    DERIVATIVES MARKETS


  • Futures guide
  • Options guide
  • Using Futures/Options

    FOREIGN INSTITUTIONAL INVESTORS


    Reduced FII flows are no threat
    STOCK prices are on a high after two consecutive years of strong inflows from foreign institutional investors. Now market participants, especially retail investors, are a worried lot. They are now fretting about the ... More

    REGULATORY BODIES & RULINGS


    Fine-tuning the Takeover Code — Better bargain for shareholders
    IN AUGUST 2004, Citigroup, the promoter of e-Serve International, made an offer to buy out all the outstanding shares from the public in the company and to voluntarily delist the stock. Before making this offer, ... More

    RECOMMENDATION


    Gillette India: Hold
    Shareholders in Gillette India should hold the stock as the global acquisition of The Gillette Company by Procter & Gamble of the US is expected to trigger the open offer requirement in the Indian context. Consequent to P&G's acquisition of a ... More

    Larsen & Toubro: Hold
    SHAREHOLDERS of Larsen & Toubro may remain invested in the stock, as there appears to be scope for gains over a one/two-year perspective. The company's performance so far this fiscal points to a substantial scaling ... More

    HPCL: Book profits
    The company faces a challenging period ahead both on the refining and marketing fronts. If the challenge in refining is to protect margins, in marketing, it is in taking on the high quality private competition that is emerging. It may be prudent to e xit the stock for now and await further developments to consider a re-entry at a later date. More

    Arvind Mills: Buy
    INVESTMENT can be considered in the Arvind Mills stock. After a line of disappointing quarterly results, the company's performance during the October-December quarter rebounded on the back of a reduction in interest ... More

    Allahabad Bank: Buy
    SHAREHOLDERS can accumulate the Allahabad Bank stock. The bank's business growth in the quarter ended December 2004 was impressive. Improvement can be seen in almost all vital business parameters. The stock valuation, ... More

    Rashtriya Chemicals: Buy
    INVESTORS with a long-term investment perspective can consider buying the stock of Rashtriya Chemicals and Fertilisers (RCF) at the current price of about Rs 35. Near-term growth in the company's earnings may be ... More

    Biocon: Hold
    INVESTORS can retain their holdings of the Biocon stock. Though the stock trades at about 23 times its expected per share earnings for FY05, the rich valuation, in our view, is not unwarranted. Biocon appears well ... More

    RIGHTS ISSUE


    Lakshmi Vilas Bank rights issue at Rs 45 premium
    LAKSHMI Vilas Bank has decided to come out with a rights issue in the ratio of 7 shares for every 10 shares held. A bank release said the rights issue would be priced at Rs 55 a share or a premium of Rs 45. The paid-up equity capital of the ... More
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