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Sunday, April 17, 2005

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CRISIL: Reject
The offer price of Rs 775 values CRISIL's stock at a price-to-earnings multiple of nearly 26 times its latest earnings per share. The price, however, still does not fully factor in the company's growth potential. More

MUTUAL FUNDS


HDFC Equity Fund: Invest in phases
HDFC Equity Fund, a diversified equity fund with a consistent five-year record, has continued to notch up a reasonable performance over the past year. It has generated returns that are comparable to that of HSBC Equity, ... More

Record inflow into equity funds in March
INFLOWS into equity funds set a new record in March, with the funds attracting fresh investments of Rs 8,800 crore. This is the highest level of monthly sales recorded by equity funds over the past six years. New equity funds that closed their ... More

Mutual funds losing ground despite booming market
THE mighty, in the mutual fund industry, have not yet fallen but are shaken all the same. Year-end data from Association of Mutual Funds in India indicates that in an industry that is de-growing, its leaders are shrinking the fastest. Despite ... More

UTI Basic Industries: Hold
INVESTORS can retain their holdings in UTI Basic Industries. Its performance has been impressive since its launch in April 2004. The fund has a focus on core sectors such as metals, cement and engineering, which have ... More

MFs mop up record collections from IPOs
Initial public offerings (IPOs) from equity funds collected Rs 7,016 crore, the highest ever in a single month, in March, reports the Association of Mutual Funds of India in its monthly statistics handout. Eight new funds made their debut during ... More

FUND TALK
Waiting for correction
Waiting for a market correction may be tricky as it is not easy to tell when one will come along or how long it will last. So, while investing in an equity fund, prepare for some downside risk in the short term, however well you time your initial in vestment. More

TECHNICAL ANALYSIS


Nifty breaches key support levels
Preferred view: Contrary to expectations, a bearish trend prevailed during the past week. Except for a recovery on Tuesday, the market sentiment remained subdued. The index dropped sharply on Friday and breached a host of key ... More

Outlook remains bearish for HLL
Hindustan Lever (Rs 132.3): The stock is yet to break out of the narrow band in which it has traded for several weeks now. There is no change in the earlier bearish view for the stock. A close below Rs 127 would impart weakness and ... More

Focus of the week
Century Textiles (Rs 229.7): The stock is in a short-term corrective phase. It could drop to the immediate support level at Rs 218-220 range. The long-term trend is, however, bullish. The stock is likely to resume the long-term upward ... More

Query corner
Shall I hold or sell Tata Motors bought at Rs 440 and Infotech Enterprises at Rs 315? — S. Srinivas Tata Motors (Rs 410.4): The near-term outlook is weak. The stock could decline to the Rs 365-370 range. Remain invested with ... More

STOCK MARKETS


Equity portfolio — A sell-it-yourself guide
THE stock market is choppy and most investors are nervously checking out the life-jackets to remain strapped to the gains of the past two years. Economic and financial trends, however, continue to be positive and ... More

Shock and surprise in the market
Earnings shocks and surprises influence stock price movements greatly. Tracking performance using the PEM for expected earnings growth can help investors buy under-valued stocks and sell over-valued ones. More

How to pledge on the NSDL
TO HELP lenders (pledgees) understand the pledge system in the National Securities Depository Ltd (NSDL), here are answers to some frequently asked questions: Does a pledgee bank need a separate depository account ... More

DERIVATIVES MARKETS


Further decline likely in Nifty
BEARISH sentiment coupled with lack of participation by FIIs (foreign institutional investors) affected the trading activity in the cash and the futures & options segments last week. Amidst volatile trends, the average daily turnover on the NSE . More

New stocks set to expand market
The following additional securities will be available for trading in F&O segment: From April 19,2005: ABB, Allahabad Bank, Ashok Leyland, Bharat Forge, Cadila Healthcare, Century Textiles, Chennai Petro, Kochi Refineries, Colgate, ... More

  • Futures guide
  • Options guide

    RECOMMENDATION


    Dr Reddy's Labs: Reduce exposures
    THE setback that Dr Reddy's has suffered in a US District Court in its litigation against Eli Lilly for the launch of a generic version of the latter's blockbuster Zyprexa, which is used for the treatment of schizophrenia, once again underscores ... More

    Hero Honda Motors: Book profits
    REFLECTIVE of the competitive environment in the two-wheeler industry, motorcycle major Hero Honda has reported a relatively lacklustre performance for the quarter ended March 2005. Though the turnover rose 16 per cent, the post-tax earnings fell ... More

    Aventis Pharma: Buy
    FRESH exposure can be considered in the stock of Aventis Pharma. Our latest recommendation represents a continuation of the bullish stance that we have had on the stock over the past couple of years. In our view, ... More

    EARNINGS REVIEW
    Infosys Technologies: Buy
    THE lower-than-expected earnings guidance for 2005-06 from Infosys Technologies rattled the market on Friday. Not only did the Infosys stock decline by over 5 per cent, it also affected the overall market sentiment for ... More

    RIGHTS ISSUE


    Saregama India: Invest
    SHAREHOLDERS can consider investing in the rights offer of Saregama India, as there could be scope for gains from the offer price of Rs 45. Saregama's turnaround story is still in a fledgling state. The stock trades ... More

    Sirpur Paper: Reject
    SHAREHOLDERS can reject the rights offer of The Sirpur Paper Mills now, as the prospects for appreciation are not attractive. The benefits of capacity expansion and modernisation, which are to be part-financed by the ... More


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    Top Stories
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    In Focus

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    Sethusamudram Canal Project
    India Inc's overseas acquisition
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    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
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    Looking back
    Apr. 10-Apr. 16
    Mobius spots 4 best of India cos


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