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Sunday, May 01, 2005

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OPEN OFFERS


Hindustan Powerplus: Reject and sell in market
SHAREHOLDERS of Hindustan Powerplus could sell their shares in the open market at the current price of about Rs 100. They could refrain from participating in the reverse book-building offer. The Caterpillar group of ... More

Shriram Group: Reject
CHRYSCAPITAL'S offer to shareholders of Shriram Investments and Shriram Transport Finance can be given the go-by. The identical offer price of Rs 35 to the shareholders of both companies is at least 33 per cent below ... More

Shaw Wallace : Accept
IT is A good opportunity for the shareholders of Shaw Wallace to exit by tendering their holding to the open offer made by McDowell at Rs 260 per share. The price represents a premium of 12 per cent to the current ... More

MUTUAL FUNDS


UTI Growth and Value: Hold
INVESTORS in UTI Growth & Value can retain their units despite the scheme's indifferent performance in the past 12 months, when it underperformed a number of its peers. Its performance record over a longer period of three years has, however, been More

Birla Equity Plan: Hold
INVESTORS can retain their holdings in Birla Equity Plan. The tax-saving fund has been among the better performing funds over the past year as well, having generated a return of about 40 per cent. As is the case with most tax-saving funds, its ... More

A 'Blended Plan' from PruICICI
PruICICI Mutual Fund is launching Blended Plan, which would invest in short-term debt and equity arbitrage positions. The fund offers two options: Plan A would invest up to 50 per cent in fully hedged equity, up to 49 per cent in money ... More

FUND TALK
Game for high-risk funds
Funds that invest in small/mid-cap stocks may be a better option than sector-specific funds, because they are more flexible in responding to opportunities. More

STOCKS


What's cooking in the `S' group?
The `S' group of stocks, formed to allow smaller companies greater access to the capital market, has notched up strong gains in just four months. This is good if it means investors have been enabled to discover these stocks. But both the investors an d the authorities need to watch out for speculative activity. More

TECHNICAL ANALYSIS


Query corner
What is the outlook for Gujarat NRE Coke purchased at Rs 125? Please advice whether to sell or hold. — Devendra Gujarat NRE Coke (Rs 107.5): The outlook does not appear positive. The stock is in a corrective phase to the ... More

Nifty perched at crucial support
Preferred view: The market sentiment remained weak during the just concluded week. The expected short-term bounce towards the 1990-2000 range failed to materialise. The index did, however, fall to the target zone of 1895-1900 range ... More

Focus of the week
The stock could, however, get into a term corrective phase on a move to the immediate target zone of Rs 318-320. The expected short-term corrective phase could lead to a decline to the Rs 295-300 range. Shareholders may consider partial ... More

Weakness beckons RIL, Infosys
Reliance Ind (Rs 527.7): The anticipated short-term uptrend materialised during the week and the stock moved closer to the target zone of Rs 562.-562. After touching a high of Rs 559.6, the stock turned weak on Wednesday. The near-term ... More

STOCK MARKETS


MNCs lose the FMCG edge
THE value that the stock market is willing to assign to the multinational and home-grown companies in the FMCG space has converged over the past year. While the price-earnings multiples of domestic entities have been ... More

  • Stock market contest

    DERIVATIVES MARKETS


    Mixed signals for Nifty
    THE F&O segment at the NSE witnessed heightened activity last week as compared with the previous week. The average daily turnover jumped to Rs 12,180 crore against the previous week's figure of Rs 10,071 crore. But, the turnover was far less when More

    REGULATORY BODIES & RULINGS


    Takeover code to be revised: Damodaran
    INDIA Inc, which has been opposing the frequent changes in the ceiling and creeping acquisition limits, may have its wishes answered. The SEBI Chairman, Mr M. Damodaran, said on Saturday that amendments to the takeover code would be taken up ... More

    RECOMMENDATION


    Hindustan Lever: Long-term buy
    INVESTORS with a long-term investment perspective can consider adding the Hindustan Lever stock to their portfolio, especially during any price decline linked to broad market levels. The stock trades at a price-earnings multiple of about 25 ... More

    Ashok Leyland: Buy
    ASHOK Leyland has capped an interesting fiscal year 2004-05 with a good performance in the fourth quarter. The turnover and earnings grew 30-35 per cent (net of `other income') respectively as the company ramped up its ... More

    Biocon: Reduce exposures
    SHAREHOLDERS could consider reducing their holdings of the Biocon stock, which trades at Rs 399. At this price, the stock trades at a price-earnings multiple of 18 times its expected per share earnings for the current ... More

    Hexaware Technologies: Buy
    INVESTORS can consider taking fresh exposure in the Hexaware Technologies stock at the current post-stock-split price levels. Any declines in the broad markets may be used to enhance exposures. The stock, however, is ... More

    Automotive Axles: Buy
    INVESTORS can consider exposure in Automotive Axles at the prevailing price levels. Taking into account the capacity expansion projects implemented by the company and the growth potential in the domestic and export ... More

    IPOS


    Cyber Media (India): Avoid
    RETAIL investors may avoid the initial public offering of Cyber Media (India) as the risks involved in the projects in the pipeline planned are fairly high. Given Cyber Media's long presence in niche media publications ... More
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