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Sunday, July 31, 2005


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MUTUAL FUNDS


HDFC Mutual Fund — Altered exposure in almost all stocks
While HDFC Mutual Fund has increased its exposures in steel, ceramics, automobiles and textiles, it did not make any significant changes in its heavyweight stocks, barring Satyam Computer Services. More

PruICICI Emerging S.T.A.R: Hold
INVESTORS can retain their holdings in Prudential ICICI Emerging S.T.A.R Fund. The fund, which is focussed on mid-cap stocks, was launched last October. Since then, it has delivered an impressive return of more than 50 ... More

HDFC Equity: Invest in small lots
AN investment can be considered in HDFC Equity Fund, as its strategy could deliver attractive returns. The fund, which used to focus on large-cap stocks, has shifted tack and now invests in the mid-cap space too. ... More

Tata Equity P/E Fund: Hold
AFTER a fairly good start in the first six months after its launch, the performance of Tata Equity P/E fund has deteriorated. The decline over the past year, however, need not cause undue alarm. A number of funds ... More

Don't mind the load
I have invested in Prima and Bluechip of Franklin Templeton using systematic investment plan (SIP) between February 05 and July 05. When I started SIP, this investment was free from entry load and subject to exit load only if redeemed within a ... More

Principal MF declares 40% dividend

  • Principal Mutual has declared a dividend of 40 per cent on Principal Resurgent India Equity. This is the second dividend declared on the fund in 2005. The record date for the dividend payout is July 29.
  • ING Vysya Mutual has ... More

    TECHNICAL ANALYSIS


    Short-term correction likely in Nifty
    Preferred view: The market sentiment remained bullish during the week while the trading volumes took a knock owing to torrential rain that lashed Mumbai. The Nifty ruled firm and moved to the target zone of the 2320-2330 ... More

    Query corner
    I purchased SRF at Rs 145 and Apollo Hospital at Rs 335. At what levels would you advise to exit these stocks? — Abhaya Kumar Shah SRF (Rs 259.9): There appears to be no reason to exit the stock now, as the long-term ... More

    Bullish outlook for SBI
    SBI (Rs 800.8): This stock was among the top performers of the past week. The share price ruled firm and also moved well past the target zone of Rs 755-760 that was mentioned earlier. The short-term outlook remains bullish and a move to ... More

    Focus of the week
    FDC (Rs 50.8): The stock has already moved past the price target of the Rs 52-55 range mentioned in the edition dated May 15. The outlook remains bullish and the share price could move to the next target zone of the Rs 68-70 range shortly. ... More

    STOCK MARKETS


    Mid-cap software stocks — Keying up for consolidation
    EVEN as the mid-cap software services story was building up nicely until the last quarter, there came a twist in the tale. When Hexaware Technologies and KPIT Cummins scaled down their ... More

    Weathering the quarterlies
    A few analysts tend to make accurate forecasts of a company's earnings; a few miss them by a mile. The trouble begins when a wide range of such estimates are aggregated into a "consensus" view that falls between the two extremes. More

    DERIVATIVES MARKETS


    Heightened activity
    THE NSE witnessed an all-time high turnover at the derivative segment last week on Friday at Rs 25,421 crore; overall, the average daily turnover for the week rose to Rs 20,015 crore against the previous week's figure of Rs 13,656 crore. Hectic ... More

    F&O POINTERS
    Downward bias likely in Nifty
    Nifty outlook: Last week, we had expected a limited upside for the Nifty and indicated a support level at 2230; we had indicated that if it breaches 2280 levels it could go up to 2295-2300 levels. But the Nifty did not see a correction and ... More

    FOREIGN INSTITUTIONAL INVESTORS


    `FIIs must invest in listed entities, comply with entry, exit rules'
    THE Union Finance Minister, Mr P. Chidambaram, said foreign institutional investors were regulated investors and perforce have to be registered with the Securities and Exchange Board of India and strictly comply with the regulations pertaining to ... More

    RECOMMENDATION


    Maharashtra Seamless: Buy
    AN investment can be considered in the stock of Maharashtra Seamless. At its current price of about Rs 415, the stock trades at about 10 times its likely FY06 earnings. Although the stock has run up sharply in the past few months, we remain ... More

    Britannia Industries: Hold
    SHAREHOLDERS can hold the Britannia Industries stock, given its relative low valuation vis-a-vis other FMCG players. At its current price-earnings multiple of about 15 times its trailing 12-month earnings, the ... More

    India Cements: Hold
    SHAREHOLDERS can retain their holdings in the India Cements stock, as there could be room for gains linked to improving fundamentals and the likelihood of debt reduction. Robust growth in volumes, higher cement ... More

    TVS Motor: Reduce exposures
    THE competitive pressure has taken a toll on the profitability of two-wheeler producers, including TVS Motor. Shareholders can consider trimming exposure in the TVS Motor stock, as the pressure on profitability ... More

    Cipla: Buy
    AN INVESTMENT can be considered in the stock of Cipla, a leading player in the domestic market, at the current price of Rs 335. At this price, the stock would be available at a multiple of 21 times its expected per ... More

    IPOS


    HT Media: Invest at cut-off
    AN INVESTMENT can be considered in HT Media, as it will be the premier print-media player in the listed space and has the potential to deliver attractive gains over the long term. Investors with an appetite for risk can ... More

    SEBI GUIDE
    Nuts & bolts of equity offer
    What is the amount of faith that I can lay on the contents of the documents? And whom should I approach if there are any lacunae? The document is prepared by an independent specialised agency called Merchant Banker, which is registered ... More


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    In Depth

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