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Sunday, September 04, 2005


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MARKETS

MUTUAL FUNDS


MFs cautious about expanding investment universe
OVER 2,600 stocks are now traded on the Bombay Stock Exchange and the market is abuzz with new stock `ideas'. To any active investor, this would suggest a market brimming with investment opportunities. But seasoned mutual fund managers have a ... More

ICRA online rankings — Tax Saving, Index and Debt Funds
IN the first quarter of FY2005-06, as in the previous quarter, this time too, the FMCG sector stole the show among sector funds. While the FMCG funds posted returns close to 17 per cent, BSE FMCG yielded a return of ... More

`We want investors to see mutual funds as a long-term investment' — Mr S. Naganath, Chief Investment Officer, DSP ML Investment Managers
People can reflect on investments such as property where simply by staying invested after making a good choice in the beginning, you really reap the rewards after 10, 20, 30 years. The same lesson should be applied to equity investing. More

SPOTLIGHT
SBI Magnum Contra: Buy
INVESTORS may contemplate exposures in SBI Magnum Contra Fund, which continues to be an impressive performer. It remains at the top of the list of our preferences in the equity fund space. Exposures could, however, be ... More

PruICICI Tax Plan: Invest
INVESTORS with an appetite for risk can take exposures in PruICICI Tax Plan. Over the past year, it has been among the top performing funds in the tax planning space. Its three-year track record is also impressive in ... More

PORTFOLIO MOVES
Sundaram Select Focus
THE month of July 2005 saw the market in an upbeat mood with the Sensex and Nifty achieving significant gains. There were also sharp reactions to the first quarter results/guidance announced during the month. Strong inflows from FIIs and net ... More

FUND TALK
Is SIP route advisable for four-year horizon?
If you already own two or three diversified funds, you can add a sector fund to this portfolio if believe that that a particular sector will deliver better returns than the market over the next year or two. More

DSP ML to charge entry load on SIP

  • A dividend of 20 per cent has been declared under Chola Midcap Fund. The record date is September 19.
  • UTI Mutual Fund has declared a 25 per cent maiden dividend under UTI Banking Sector Fund. The record date for the dividend is ... More

    STOCKS


    Idea stocks romp ahead
    Our `idea' stocks portfolio has delivered returns of 290 per cent over the past year. The portfolio of `idea stocks' suggested for the next twelve months is: 3M India, Astra Microwave, Bharti Tele-Ventures, Champagne Indage, Gateway Distriparks, IDFC , IFSL, Indiabulls Financial , NDTV and Opto Circuits. More

    Taj-GVK board okays stock split
    HYDERABAD: The board of directors of Taj-GVK Hotels and Resorts has approved five-for-one stock split. Post-split, the face value of each share would be Rs 2 and the total number of shares would be 6,27,01,495 as against the present ... More

    TECHNICAL ANALYSIS


    Near-term outlook turns positive
    Preferred view: Except for the weakness on Monday, the market sentiment remained distinctly positive during the remaining four days of the week. The index managed to hold above the support level at 2300. It also managed to close above ... More

    Firm trend likely in Reliance
    Reliance Ind (Rs 730.9): A positive trend prevailed as anticipated last week. The share price also moved past the positive trigger level of Rs 730. This has imparted strength and the stock appears on course to move to the target zone of Rs ... More

    Focus of the week
    KCP (Rs 126.8): The stock is in a long-term uptrend. It has just broken out of a "bull flag" pattern, with a huge pick-up in volume. This would indicate that the next leg of the upward move is underway. The share price could move to the ... More

    Query corner
    Ansal Housing (Rs 114.9): The stock could move to the Rs 135-140 range. Hold with a stop-loss at Rs 95. Partial profit booking may be considered on the evidence of resistance at around the target zone. Short-term traders may take long ... More

    STOCK MARKETS


    Pick a winner stock market contest
    IN August 2005, the stock of Subhash Projects and Marketing posted the maximum gain of about132.8 per cent. Its share price rose from Rs44.9 to Rs 104.6. Out of841 entries received, there are twenty three winners including multiple entries. The ... More

    DERIVATIVES MARKETS


    F&O POINTERS
    Upward bias in Nifty
    NIFTY outlook: Last week, we had expected a narrow movement in Nifty with negative bias. Though the Nifty opened the week on negative note, it regained strength and flared to reach its new all-time high close levels. Expecting the Nifty ... More

    Open interest up in refinery stocks
    TRADING activity slipped sharply even though the Nifty scaled new heights at the derivative segment on the NSE last week; the average daily turnover was Rs 12,828 crore against the previous week figure of Rs 2,0515 crore that also saw the ... More

    RECOMMENDATION


    Sanghvi Movers: Buy
    AN exposure may be considered in the stock of Sanghvi Movers, as its investment plans could lead to a significant boost to revenues and earnings growth over the next couple of years. The company is well placed to benefit from the buoyant ... More

    Essar Steel: Hold
    SHAREHOLDERS can consider retaining their exposure in the Essar Steel stock. Positive outlook for steel prices, higher demand and growing share of value-added products are likely to drive revenue growth in the medium term. At its current price, ... More

    Aurobindo Pharma: Hold
    INVESTORS can retain their holdings of the Aurobindo Pharma stock, which currently trades at about Rs 370. The stock has not participated in the bull run of the past year, largely as its earnings card failed to match street expectations. ... More

    The Great Eastern Shipping Company: Buy
    Investors in Great Eastern Shipping will get shares in the new company that will own the offshore services business. Given the group's track record, the valuation and share allotment ratio are likely to be in the interest of shareholders. More

    Satnam Overseas: Buy
    INVESTORS can consider accumulating the Satnam Overseas stock at the current price level of Rs110, as it offers scope for sizeable appreciation over a one-to-two-year period. The company can deliver strong earnings ... More

    Clariant group: Positive reaction in the merger
    Clariant: Hold
    Colour-Chem: Hold
    Vanavil Dyes: Hold
    More

    IPOS


    Talbros Automotive Components: Invest at cut off
    TAKING into account the fundamentals, the strong presence in the industry and the positive outlook, investment can be considered in Talbros Automotive Components at the cut-off price. The company proposes to raise Rs ... More

    INVESTOR PROTECTION


    `New Company Law will protect small investors'
    THE Minister for Company Affairs, Mr Prem Chand Gupta, said on Saturday that the new Company Law would provide stricter norms against those companies that have siphoned off funds collected from the public. The law would have provisions for ... More
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    Textile exports to EU decline 2.89 pc

    Forex reserves increase by $623 million

    China plans huge investments in copper smelting

    In Focus

    BHEL Disinvestment
    The Yuan Revaluation
    Dabhol power regenerated
    Tracking the rains
    Sethusamudram Canal Project
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Aug. 28-Sep. 3
    MFs keep away from oil stocks

    Net trading still on low key at stock exchanges

    LIC to invest Rs 9,000 crore more in equities this fiscal — No plans for public issue, says Chairman

    UTI ULIP's asset base swells


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