The Hindu Business Line : Sunday, May 15, 2005

Benchmarking boosts turnover — Churn for the cream
IT IS just more than a year since Citicorp and ChrysCapital acquired large stakes, of more than 15 per cent each, in IVRCL Infrastructure. Citicorp does not hold a stake now and ChrysCapital, too, has started selling ... More

MUTUAL FUNDS

Stanchart plans equity fund

UTI Mutual has announced a dividend of 2.45 per cent (Rs 2.45 for every unit with a face value of Rs 100) for the Charitable and Religious Trusts and Registered Societies (CRTS) Fund. This is the first dividend payment under this fund for FY ... More

A volatile quarter (Jan-March 2005)
Stellar show by funds from SBI MF stable
AS THE markets went through a roller coaster ride in the January - March quarter, it became a difficult journey for the mutual funds industry, especially equity funds, which had a great show in the previous two ... More

Deutsche Alpha Equity: Invest in small lots
AN INVESTMENT may be considered in Deutsche Alpha Equity Fund, as it provides quality exposure to large-cap stocks. The fund has a fairly impressive track record when compared to benchmark indices such as Nifty and ... More

SPOTLIGHT
SBI Magnum Emerging Businesses Fund: Hold
INVESTORS can retain their holdings in Magnum Emerging Businesses Fund. Barely eight months since its launch, the fund has turned in a splendid performance. The fund's investment strategy envisages selecting companies ... More

Will my portfolio deliver?
I have initiated SIPs running over various time-frames in 2004 and 2005, in Franklin India Bluechip and Prima Fund, HDFC Top 200, HDFC Equity, HDFC Long Term Advantage and HDFC TaxSaver, DSP ML Top 100 and Opportunities Fund, HSBC Equity, ... More

STOCKS

Large-cap Indian pharma — Effective drugs, but dosages may need tweaking
INVESTORS in the pharmaceutical industry may see in year-end results of frontline companies a bitter pill. Value-added tax (VAT) issues at home and pressure on pricing in key markets abroad had left the bottomline ... More

TECHNICAL ANALYSIS

Positive short-term outlook for Nifty
Preferred view: After a strong upward move on Monday, the index was confined to a narrow trading zone during the week. The near-term outlook remains positive and the Nifty is likely to move to the earlier mentioned target of 2030-2040. ... More

Crucial support beckons Reliance
Reliance Ind (Rs 536.2): The stock ruled firm on Monday and moved closer to the resistance level of Rs 558. After touching a high of Rs 555.7, the trend turned weak. The share price is ruling close to a crucial support level of Rs 533. ... More

Focus of the week
It could move to the target zone of the Rs 165-170 range in the near term. After a short-term consolidation, the stock appears to have commenced the next leg of the upward move last week. The strong rally on Thursday on the back of a surge in ... More

Query corner

DERIVATIVES MARKETS

Futures: The discount effect
THE Nifty futures contract trades at a discount to the spot index. This phenomenon has confused many traders. Why? Suppose you buy one share of Infosys at Rs 2,000. You will have to pay the entire amount and take delivery of the stock. Assume ... More

Options guide

REGULATORY BODIES & RULINGS

SEBI is in no hurry to introduce T+1 settlement
THE Securities and Exchange Board of India is not for an early introduction of T+1 settlement in stock markets, though it may soon attempt to try it out in the Indian markets for the benefit of investors, the SEBI Chairman, Mr M. Damodaran, said ... More

RECOMMENDATION

ACC: Buy
AN investment may be considered in the stock of ACC with a one- to two-year perspective. A firm undertone in prices and robust growth in volumes are likely to drive earnings growth. As Holcim of Switzerland - the largest cement producer ... More

Indian Oil: Pare exposures
INDIAN Oil Corporation shareholders can consider reducing exposure to the stock at the prevailing prices. The short-to-medium-term prospects for the company appear none too good. Indian Oil is set to report a sharp ... More

Urea producers: Pare exposures
DESPITE a robust growth in fertiliser offtake, urea producers such as Indo Gulf, Chambal Fertilisers and RCF (Rashtriya Chemicals and Fertilisers) have reported higher sales, but stagnating profits from their ... More

Infosys: Accept
SHAREHOLDERS of Infosys Technologies can tender to the Sponsored Secondary American Depository Share (ADS) offering as there is an attractive 30 per cent premium to the domestic market price that could be capitalised ... More

Punjab Alkalies: Buy
INVESTORS can consider an investment in the stock of Punjab Alkalies and Chemicals, trading at about five times its per share earnings of Rs 9.8 for the fiscal 2005. Punjab Alkalies has increased its operating margin ... More

Shree Cement: Buy
INVESTORS can consider exposure in Shree Cement, as it appears well-placed to deliver earnings growth that could lead to a further re-rating of the stock. Buy the stock with a one/two-year perspective, especially on any ... More

IPOS

Nandan Exim: Avoid
INVESTORS can avoid the initial public offering of Nandan Exim ((Nandan). The company, a trader and exporter of fabrics, plans to foray into making grey fabric and denim to capitalise on the opportunities in the export ... More

Shree Ganesh Forgings: Avoid
AN investment in the initial public offering (IPO) of Shree Ganesh Forgings (SGF) can be avoided, as the risks and challenges in this offer outweigh the scope for capital appreciation in the medium term. Given the ... More

Stock Quotes
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Pick a Winner Stock Market Contest

Forex reserves fall $423 m

Banks to get more leeway in call money market

In Focus

BHEL Disinvestment

China's revaluation

Dabhol power regenerated

Tracking the rains

Sethusamudram Canal Project

India Inc's overseas acquisition

In Depth

Gender Justice

Simple Economics

Tax Talk

Looking back
May. 8-May. 14
Govt says no link between granting rights, airline's IPO

MSCI raises India's weightage marginally — 13 new stocks included