Financial Daily from THE HINDU group of publications
Sunday, April 02, 2006
Markets (March 31)
BSE Sensex11279.96(-27.08)
S&P CNX Nifty3402.55 (-16.40)
US Dollar (Buy/Sell)44.64 (-0.09)


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MARKETS

MUTUAL FUNDS


Outpacing the market
MUTUAL FUNDS' QUARTERLY ROUND UP More

FUND TALK
Investment for long-term
I am an NRI and I have accumulated various new funds over the last two years. I have earned healthy returns from them. Based on your columns, I have now decided to restrict my portfolio to just five-six funds and slowly shift money from my ... More

PORTFOLIO MOVES
UTI Master Value
Between December 2005 and February 2006, UTI Master Value Fund has recast its portfolio size to a compact 25 stocks from about 40 earlier. The assets under management grew 55 per cent to Rs 796 crore. The pruning of the portfolio may have ... More

Fidelity launches India Special Situations Fund
Franklin India Taxshield '96, a close-ended tax-saving scheme from Franklin Templeton Mutual, is due for redemption on March 31. The units outstanding shall be redeemed at the NAV (net asset value) on March 31. Fidelity Mutual is ... More

STOCK MARKETS


Weak trend in the Nifty
More

Index Outlook
A bullish trend prevailed as anticipated last week. The index cruised past the first target zone of 3310-3320. It appears on course to move to the next target zone at 3450-3500 mentioned in the recent weeks. There is a strong support at ... More

Bearish trend in SBI
Except for a positive trend on Monday, a bearish trend prevailed in the remaining four days of the week. The stock appears to be bracing for the next leg of the upward move. The immediate target is at Rs 1,010-1,020. Investors willing to wait for ... More

Stock market contest winners
For the contest held during March, the stock of Reliance Natural Resources posted the maximum gain of 82.5 per cent. Its share price rose from Rs 18.3 to Rs 33.4. Out of 1,280 forms received, 245 were correct, including multiple entries. The ... More

Follow-up
The price movement was not quite in line with expectations. The stock ruled weak and also closed below the stop-loss level of Rs 450 on Wednesday. The break, however, turned out to be temporary and the share price bounced back immediately in the ... More

Chart Focus
The stock has been in a major uptrend in the recent years. There appears to be significant upside potential from prevailing levels. The stock has been in a corrective phase after moving to a high of Rs 173 in early March. This corrective phase ... More

Query Corner
VSNL (Rs 472): The Elliott Wave count for the stock is based on the price action till date. The outlook or the Wave analysis may be subject to revision based on future price action. As we look at it now, the stock appears to be tracing ... More

Strategy
Elliott Wave analysis is more of an art rather than a science. The subject, as such, is quite simple, with a handful of rules and guidelines. It, however, would take loads of patience and experience to trade successfully using Elliott Wave ... 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

RECOMMENDATION


Manugraph India: Buy
As the print media industry is on a robust growth path, a prime beneficiary has been Manugraph India (Rs 260), a manufacturer of printing presses with no notable domestic competitors and a sizeable presence in the export market. It is set to ... More

Sun TV: Invest at cut-off
Exposure can be considered in the IPO with a one/two-year perspective. This may help reap gains linked to fundamentals, as the offer — though more attractively valued than Zee Telefilms — is aggressively priced. More

HDFC Prudence: Invest
Good stock selection has helped the fund deliver returns that are comparable to a pure equity fund. More

Emkay Share and Stock Brokers: Avoid
The offer is expensive and not a compelling exposure to the securities broking business. More

SBI Magnum TaxGain: Invest
In the light of the anticipated volatility, a phased investment in the fund will reduce the risk of exposing a large sum of money to the market at one go. More

Kamdhenu Ispat: Avoid
Stiff valuations and challenges in the franchisee model fail to inspire confidence in the offer. More

Sundaram Select Midcap: Invest
Investors can consider exposure in the fund through a six-month systematic investment plan, which will ensure that they capitalise on any broad market weakness. More

Ranbaxy: Hold
Ranbaxy is stepping on the gas in Europe in its quest to acquire scale and reduce its dependence on the US market More

Bhansali Engineering Polymers: Buy
Bhansali Engineering is raising its ABS capacity to tap opportunities in the global market, which has resulted in a surge in revenues. More

Munjal Showa: Buy
The company is likely to be a major beneficiary of the sustained growth in demand for two-wheelers and four-wheelers. More

Opto Circuits India: Invest
The offer price is justified considering that the company is in a high growth niche business of making patient monitoring systems. More

IPOS


Biggie of the small screen
Sun TV is likely to emerge as the most preferred play in the entertainment business space, at least till the Star group decides to list its Indian operations. The former's strength in the language business has few parallels in the media industry. ... More

Air Deccan to choose anchor investors in 2 weeks
Low-cost air carrier Air Deccan will decide on anchor investors in two weeks ahead of the proposed public issue. They will pick 5-10 per cent in all. "We are talking to a few financial institutions. We hope to finalise it in 8-10 days," Capt. ... More

PUBLIC OFFER


BEML's Rs 500-cr public issue likely by Sept
Bharat Earth Movers Ltd expects to hit the capital market by September with its public issue to raise up to Rs 500 crore. The proposal is before the Union Government, Mr V.R.S. Natarajan, Chairman and Managing Director, said, adding that the ... More
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