The Hindu Business Line : Sunday, May 08, 2005

Trading in dematerialised securities
How to trade in demat mode? What is the procedure for selling dematerialised securities? The procedure for selling dematerialised securities is very simple. After you have sold the securities, you would instruct your Depository ... More

MUTUAL FUNDS

HDFC Capital Builder Fund: Invest
INVESTORS who would like to buy a fund with a strong mid-cap focus and are comfortable with an above-average risk profile, may consider investing in the HDFC Capital Builder Fund through the systematic investment route. ... More

SPOTLIGHT
PruICICI Growth Plan: Switch
INVESTORS in PruICICI Growth Plan can consider cutting their exposures to the fund. The fund performance over the past one, three and five years has not been impressive, under performing its peers by a sizeable margin. ... More

FUND TALK
Weak case for index funds
What are your views on having index funds like UTI Master Index and LIC Sensex Advantage plan in a portfolio? What percentage of the portfolio should these index funds be? Ankush Malhotra We hold the view that actively managed equity ... More

LIC MF launches P/E ratio fund

Birla Mutual has appointed CAMS as their registrar and transfer agent. Investors are requested to send all future communication to Computer Age Management Services, Unit: Birla Mutual Fund, A&B, Lakshmi Bhawan, 609, Anna Salai, Chennai 600 . More

STOCKS

Mop up gains as stocks split
IN 2000, the concept of a `stock-split' — where a company sub-divides the number of shares into several multiples thereof — was not still new to the Indian market. The measure, which brings down the unit ... More

TECHNICAL ANALYSIS

Bullish trend in the near term
Preferred view: Contrary to the expectations of a bearish trend, a distinctly positive sentiment prevailed last week. There were a couple of key developments that indicated that the earlier bearish view was losing validity. The ... More

Weakness seen in Tata Power
Tata Power (Rs 357.3): The stock managed to hold above the crucial bearish trigger level of Rs 334. It, however, ran out of steam on moving past the resistance zone at Rs 348-350. Despite the bullish market sentiment, the stock ruled weak ... More

Focus of the week
Finolex Industries (Rs 79.2): The stock was stuck in a trading range in the recent weeks. A perceptible contraction in volatility is evident from the intertwining of the short-, medium- and long-term moving averages. Typically, such a ... More

Query corner

DERIVATIVES MARKETS

Options guide

FOREIGN INSTITUTIONAL INVESTORS

CAG faults tax treatment of FII income from stocks
INCOME of foreign institutional investors (FIIs) and their sub-accounts from stock market activities should be treated as business profit and taxed accordingly, according to the Comptroller and Auditor-General of India (CAG). A CAG report ... More

Large-caps stay attractive for FIIs
THERE appears to be a certain alluring quality to large-cap stocks that makes them irresistible to foreign institutional investors (FIIs). Over the past two years, FIIs have been falling over each other to court such stocks. At the end of ... More

FIIs: A penchant for large-caps
BILLIONS of dollars have poured into Indian stocks from foreign institutional investors (FIIs). Unerringly, these have found their way into the larger of the large-cap stocks. Whatever may be the reason behind this ... More

FII investment in Aftek, LIC Housing & Hexaware
MUMBAI: The Reserve Bank of India has notified that foreign institutional investors (FIIs) can now purchase shares and debentures up to 30 per cent of the paid-up capital of Aftek Infosys Ltd, up to 49 per cent of LIC Housing Finance Ltd ... More

ASSET MANAGEMENT COMPANIES

`The view for a year is still attractive' — Mr P. V. K. Mohan, Portfolio Manager, Portfolio Management Services, DSP ML Fund Managers
We would like to play on opportunities that are India-oriented and on sectors that can capitalise on the boom in the domestic economy. More

REGULATORY BODIES & RULINGS

Appoint independent directors by Dec 31 or face penalties: Damodaran
THE Securities and Exchange Board of India (SEBI) Chairman, Mr M. Damodaran, today said that companies that do not appoint the requisite number of independent directors on their board by December 31, will be liable to pay heavy penalties. "I ... More

RECOMMENDATION

Maruti Udyog: Buy
INVESTORS with a medium-term perspective can consider adding Maruti Udyog (MUL) to their portfolio of stocks. Despite the spurt in price during the last few sessions, the stock continues to exhibit potential for returns in the medium term. At ... More

Container Corporation: Buy
AN INVESTMENT can be considered in the stock of Container Corporation of India (Concor) with a one/two-year perspective, as there appears room for steady gains. Any weakness linked to the broad market can be used to accumulate the stock. The ... More

i-flex solutions: Hold
INVESTORS can consider retaining their exposure in the i-flex solutions stock at the current price levels. The stock trades at a price-earnings multiple of 21.5 times its diluted per share earnings of Rs 30.2 for 2004-05. Following a robust ... More

P&G Hygiene and Healthcare: Hold
PROFIT growth at P&G Hygiene and Healthcare has been lacklustre over the past couple of quarters, as price cuts on its brands and a lower profit margin on contract manufacturing have taken a toll. The March quarter numbers, however, suggest ... More

Tata Steel: Buy
THE stock price of Tata Steel has fallen by over 20 per cent during the last six weeks. Investors can take advantage of the slide to either enter the stock or take additional exposure at the current price-level of Rs 353 for potential medium-term ... More

Sun Pharma: Buy
FRESH exposure can be considered in the Sun Pharma stock, which now trades at Rs 495. Though it has run up by over 50 per cent since our earlier `buy' recommendation, we continue to be confident about the company's ... More

Harrisons Malayalam: Buy
AN INVESTMENT can be considered in the Harrisons Malayalam stock, which quotes at about 10 times its 2004-05 earnings adjusted for extraordinary items. Rubber prices are ruling high, on robust demand from the tyre ... More

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