MARKETS
MUTUAL FUNDS
`We expect earnings to grow at twice the GDP rate'
Mr A. K. Sridhar, Chief Investment Officer, UTI Mutual Fund
Fund management is in some respects, like a cricket game. Individuals do matter, but they need to be good team players. An individual may have great talent in batting or bowling. But he cannot function without the team.
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`Good time for a contrarian strategy'
Mr Sashi Krishnan, CEO, Chola Contra Fund
In a momentum-driven market, the time is ripe for contrarian investing, says Mr Sashi Krishnan, CEO of Chola Mutual Fund, who was in Chennai recently for the launch of Chola Contra Fund. In a chat with Business Line, Mr Krishnan ...
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FUND TALK
High NAV not a concern
Switching to another fund because it has a lower NAV would be a wrong move.
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T.I.G.E.R. Fund
THEME-based funds carry a higher risk profile than diversified funds due to their concentrated approach. However, early identification and investment into sectors that carry more potential than others may yield returns commensurate to the risks ...
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STOCK MARKETS
Rally likely ahead of imminent correction
Preferred view: A bullish trend prevailed as anticipated last week. The index ruled firm and also moved to the target zone of 2975-3000 that has been mentioned in recent weeks. We continue to favour a short-term positive outlook for ...
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SBI, Reliance may chart an uptrend
SBI (Rs 914): After ruling weak for the best part of the week, the trend turned bullish on Friday. The stock staged a sharp reversal on Friday and recorded a gain of about Rs 28. As observed in the earlier weeks, the outlook is positive ...
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Focus of the week
Orchid Chemicals (Rs 263): The share price has been on an upward trend since April 2003. This does not appear complete. The stock is likely to move to Rs 295-300 in the near-term. For investors willing to wait for at least a couple ...
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Query corner
Andhra Bank (Rs 96): Remain invested with a stop-loss at Rs 88 as the near-term outlook is positive. A move to Rs 112-115 appears likely. A close below Rs 88 would negate the positive outlook and push the stock to Rs 75-78. ...
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SEBI GUIDE
Know more about portfolio managers
The portfolio manager is required to pay Rs 2,50,000 as renewal fees to SEBI. Whether any contract should be made between the portfolio manager and its client? Yes. The portfolio manager, before taking up an assignment of ...
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DERIVATIVES MARKETS
F&O POINTERS
Nifty may move either way
The outlook for the Nifty is mixed with put/call ratio and implied volatility pointing to divergent trends. If the spot Nifty sustains at the current levels, it might go up to touch 3010-3015 on the positive side.
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RECOMMENDATION
Siemens: BUY
A BURGEONING order book and buoyancy in the engineering and power equipment sectors that impart high visibility to the earnings growth, and an increasingly important role in the parent's global operations, make Siemens an attractive candidate for ...
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PruICICI Tax Plan: Invest
INVESTORS who want to add to their portfolio of tax-saving funds can consider an investment in PruICICI Tax Plan. As the deduction under the Income Tax Act for tax-saving funds is available up to Rs 1 lakh for the current fiscal, exposures to the ...
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Birla Sun Life Equity: Invest
EXPOSURES may be considered in Birla Sun Life Equity Fund, as its performance continues to be good; it also has a portfolio, whose stance is likely to stand it in good stead over the next six-to-twelve months. This fund was earlier known as ...
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Aegis Logistics: Buy
EXPOSURE can be considered, especially on price declines, in the stock of Aegis Logistics, as its growth prospects appear bright over a two/three-year period. Logistics as a sector is also likely to figure prominently ...
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Valecha Engineering: Buy
VALECHA Engineering (Rs 333) is one of the prime beneficiaries of the infrastructure boom in the country. A good track record of executing infrastructure projects, healthy order-book and imminent order flows from the ...
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GVK Power & Infrastructure: Avoid
INVESTORS can give this IPO from GVK Power & Infrastructure (GVK Power) the go-by. The proceeds of the offer will not be used to create any productive assets directly. The money will be used to invest in subsidiaries that are setting up thermal .
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Biocon: Sell
INVESTORS can consider reducing exposure to the Biocon stock. Our latest call represents a continuation of the stance we held on the stock since May last year. Though the stock has appreciated by about 15 per cent since ...
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Dalmia Cement: Buy
INVESTORS can consider exposure in Dalmia Cement (Rs 209), as a restructuring of its business is likely. The company's fundamentals are also in good shape. This represents a shift in our stance on the stock. We had ...
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Sunil Hitech Engineering: Invest
A track record of timely execution of contracts is a positive when bidding for contracts.
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Federal Bank: Buy
AN INVESTMENT can be considered in the stock of Federal Bank. Attractive valuations, healthy business growth, improvement in asset quality, augur well for its growth in the medium term. At its current price of about ...
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Inox Leisure: Invest at cut-off
AN INVESTMENT can be considered in the initial public offering of Inox Leisure. A multiplex operator which has gained scale in a short span of time, Inox appears well set to capitalise on the demand for better outdoor entertainment options. The ...
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INVESTOR PROTECTION
Conflict of interests and investor responsibility
THE following are some of the resolutions that the CFA Institute of the US suggested for the investment community for 2003: Sunlight is the best disinfectant. When you disclose your conflicts, you give others the ...
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