The Hindu Business Line : Sunday, March 26, 2006

PORTFOLIO MOVES
UTI Dynamic Equity
UTI Dynamic Equity Fund continues to retain its bias for mid and small-cap stocks with 62 per cent invested in stocks with a market capitalisation of less than Rs 2,000 crore as of February 2006. The portfolio turnover ratio at 121 per cent ... More

Fund Talk
How does one evaluate the performance of a mutual fund? Is the appreciation in its NAV the only factor? Can the NAV be manipulated by the fund manager and the AMC? After what time-frame should one consider exiting a mutual fund, if its ... More

Franklin Templeton launches Equity Income Fund
Franklin Templeton Mutual has launched Templeton India Equity Income Fund, a diversified equity fund that will invest in stocks in the domestic as well as international markets. Up to 50 per cent of the assets will be invested in global ... More

STOCK MARKETS

Who says options are riskier than spot?
A naked buy-and-sell position leaves the trader open to all market risks. An option position either reduces the risk or makes the risk contingent on a certain event happening (for sellers of option). More

Index Outlook
After a subdued phase during the middle of the week, the trend turned bullish on Friday. The index moved past the target zone at 3250-3260 during the week. After touching a high of 3292, the Nifty closed at 3262.3 on Tuesday and went into a ... More

Firm trend in Tata Steel
The share price of companies in the ferrous and non-ferrous space attracted buying interest during the week. This stock was also a beneficiary of this trend. The recent price action has strengthened the case for a move towards the long- ... More

Query Corner
Is it advisable to stay invested Aarti Industries bought at Rs.80? Is it a right time to take exposure in Aban Loyd Chiles? Sachin Chaudhari Aarti Industries (Rs 76): It would be better to reduce exposures, as the share ... More

Upside bias in the Nifty
More

Strategy
Last week you advised investors who are serious about pursuing technical analysis to buy a computer as well as good charting software. As an investor I am really interested to understand the concepts as well as to gain some knowledge about ... More

Follow up
After an extended period of sideways consolidation, the stock registered a significant upward move on Friday, with a pick-up in trading volumes as well. This is a positive development and the stock appears to have commenced the next leg of the ... More

Adaptive unconscious
One of my friends, an equity trader, attributes his success to simplicity. If he gets a third-party advice on a particular stock, he simply reads the way his body reacts to the information! He claims that ... More

Chart focus
The stock is in a major uptrend in the recent years. This move is not over as yet and there appears to be considerable ground to be covered on the upside. The recent sideways price action witnessed over the past few weeks is a short-term ... More

Trading Tips
Never try to fight a trend by taking positions against the prevailing trend. Though it may be always tempting to buy a stock that is falling with an intention to lower the average cost of acquisition, such a practice should be ... More

Options guide

RECOMMENDATION

UCO Bank: Buy
Fresh investments can be considered in the stock of UCO Bank. The stock trades at a price-to-book value of slightly below one. This appears attractive when compared to its peers such as Syndicate Bank, Andhra Bank and Indian Overseas Bank that ... More

Rallis India: Buy
Modest valuations
Spillover effect from good monsoon
Crop and geographical diversification to pay
Alliances and exports offer promise
More

Asian Paints: Buy
With the demand environment continuing to be conducive, Asian Paints is well placed to capitalise on the rising opportunities. Our bullish stance is underpinned by the continuing buoyant demand. More

Kotak Midcap: Hold
The stock selection has been offbeat, reflecting an effort to pick companies that are not the obvious frontrunners in a sector. More

Tantia Constructions: Invest at cut-off
Joint ventures with companies such as IVRCL Infrastructures are likely to enhance visibility and technical qualification. More

DSP ML Top 100 Equity: Invest
A strategy of being underweight in finance and healthcare sectors and overweight in capital goods explains its superior performance. More

Godawari Power: Avoid
While the captive power plant is likely to result in cost savings, operational and financial risks are likely to act as a dampener to profitability. More

Magnum Multiplier Plus: Invest
The stock selection inspires confidence as the fund is well-placed to capitalise on growth themes for the next couple of years. More

R Systems International: Invest at cut-off
Revenue growth is linked to the success of products developed by the end-user firms. Investors need to moderate their return expectations. More

Birla Power Solutions: Invest
Foray into higher range engines and gensets is a positive strategy. More

Powersoft Global Solutions: Avoid
While the focus on RFID is encouraging, the quality of research and development and the ability to handle large projects remains untested More

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