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Sunday, April 10, 2005

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    MUTUAL FUNDS


    Mutual fund performance — Braving a bumpy market
    THE first quarter of 2005 saw the market scale new highs and investors taking to equity mutual funds with renewed vigour. But the euphoria did not last too long, with the indices tumbling as rapidly as they rose, ... More

    Sundaram India Leadership Fund: Hold
    LAUNCHED in the midst of the market meltdown in June 2004, Sundaram India Leadership Fund has acquitted itself reasonably well. The fund's returns of about 40 per cent are better than those of Franklin India Bluechip ... More

    Kotak MNC Fund: Buy in small lots
    AN INVESTMENT may be considered in Kotak MNC Fund to capitlise on a portfolio that owns stocks with potential for further gains, especially in the engineering and pharmaceutical space. It may also withstand any ... More

    STOCKS


    Tax on share trades
    I AM an investor in shares and seek your advise on the treatment of the profit from the sale of shares after introduction of the securities transaction tax (STT) with effect from April 1, 2004. For this, I give below ... More

    TECHNICAL ANALYSIS


    Reliance perched just above critical support level
    Reliance Ind (Rs 557.2): The stock was confined to a narrow trading band and the price action last week was characterised by a zig-zag pattern. The share price is now perched just above the crucial support level at Rs 552. A close below ... More

    Short-term outlook turns bullish
    Preferred View: The market sentiment turned distinctly bearish in the last couple of trading sessions. The Nifty failed to close past the key reversal bar recorded last week. The failure of the Nifty to move past the 2077 mark, which is ... More

    Focus of the week
    India Cements (Rs 70): The stock was in a consolidation phase for a while. There was a breakout from this range on Monday that was also complemented by a pick-up in trading volumes. As a result, the short-term outlook has turned ... More

    Query Corner
    Kindly advise whether to hold or exit Karnataka Bank bought at Rs 96 and ING Vysya at Rs 170. — S. Senthil Karnataka Bank (Rs 70): The share price appears to be tracing out a downward sloping "wedge" pattern. If this view is ... More

    FINANCIAL MARKETS


    ICAI finalises accounting standard for debt, equity
    THE Institute of Chartered Accountants of India (ICAI) has finalised an accounting standard relating to financial instruments, both equity and debt. The institute is of the view that the standard will seek to go a step ahead of the relevant ... More

    DERIVATIVES MARKETS


    Downward bias likely in Nifty
    TRADING activity was lacklustre as the market remained highly volatile. The average daily turnover on the NSE in the F&O segment dipped sharply to Rs 8,791 crore against the previous week's level of Rs 15,324 crore. The Nifty April futures are .. More

    FOREIGN INSTITUTIONAL INVESTORS


    FIIs in exchange-traded derivatives
    FIIs have been permitted to trade in all exchange traded derivative contracts subject to compliance with position limits prescribed for them and their sub-accounts as well compliance with procedure for trading, settlement and reporting as ... More

    RECOMMENDATION


    Dwarikesh Sugar: Hold
    SHAREHOLDERS can retain the Dwarikesh Sugar stock as there could be upside potential linked to sugar industry fundamentals and the commissioning of new capacities towards end-2005. However, at the current price ... More

    Hindalco: Hold
    SHAREHOLDERS can retain their holdings in the Hindalco stock. Any decline in the stock price in line with the broad market can be used as an opportunity to take fresh exposure. The firm trend in the international ... More

    Pfizer: Hold
    SHAREHOLDERS can retain their holdings in the Pfizer stock. With two mergers (of Parke Davis and Pharmacia) behind it, Pfizer can now focus on driving growth in the domestic market operations. At the current market ... More

    Madras Cements: Buy
    AN INVESTMENT can be considered in the stock of Madras Cements, as its earnings card is likely to benefit from a nascent recovery in the southern markets. The enhanced institutional investor interest in the cement ... More

    GRUH Finance: Buy
    AN investment in GRUH Finance stock can be considered. The stock trades at a multiple of seven times its expected per-share earnings for FY 05 and at a price to book value ratio of about 1.6. Considering its profit growth of 28 per cent in the ... More

    IPOS


    Why IPOs are losing sheen for retail investors
    UNTIL recently, most Initial Public Offerings (IPOs) were good investments because they were an attractive entry point to a listed or yet-to-be-listed company's shares. Companies that debuted on the bourses did not ... More

    SPL Industries plans IPO
    SPL Industries, formerly Shivalik Prints Private Ltd, plans to enter the capital market with a public issue of 90 lakh equity shares of Rs 10 each for cash at a premium through 100 per cent book-building route. According to a press release, ... More


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