MARKETS
MUTUAL FUNDS
Principal Equity: Sell
Principal Equity has returned 10.4 per cent annually since inception and has just about managed to keep pace with the Nifty's return of 11 per cent over the same period.
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Kotak Mid-Cap — Drawn to metals, software
Mid-cap stocks had a dream run over much of the past year. However, most diversified funds have now shuffled their portfolios and moved out of the mid-cap space or reduced their exposure to this segment. A fund with a strategy to invest at ...
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DSPML T.I.G.E.R: Hold
DSPML's T.I.G.E.R (The Infrastructure Growth and Economic Reforms) Fund seeks to invest in stocks of companies that would benefit from economic reforms and an infrastructure thrust. It has delivered returns comparable with those turned in by ...
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Fund Talk
You have been recommending strongly that a portfolio should contain a maximum of five or six funds with a good track record, with one or two large-cap funds, one mid-cap, and so on. Had I invested in funds over the last year or two and ...
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STOCKS
Geojit board plans 10:1 stock split
Split to improve market liquidity
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TECHNICAL ANALYSIS
INDEX OUTLOOK
Sensex (10680)
The willful and capricious traits of the markets were to the fore once more last week. Just as the consensus was veering towards a sharp fall, there was a sharp reversal on Monday and the Sensex did not look back after that for the rest of the ...
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Positive trend in SBI
The price moved contrary to our expectation last week and we saw a return of momentum on this counter. The price has turned around from long-term support level of Rs 684. A morning star is evident on the weekly candlestick chart of SBI, which is ...
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Negative bias in Reliance
The price is currently struggling with its 50-day moving average positioned at Rs 990. Though it touched an intra-week high of Rs 1,015 on Thursday, the resistance level mentioned last week at Rs 1,044 remained untested. The negative bias for ...
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Undertone turns positive
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Tata Steel
The price bounced off its 200-day EMA yet again last week. The downward bias in this scrip continues, as the resistance at Rs 527 is not yet overcome. A move beyond Rs 527 will take the price to Rs 543 or Rs 572 in the short-term. A ...
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Infosys
The price bounced off the support of Rs 1,570 last week and moved in a narrow range as anticipated. The price is still stuck in the range between Rs 1,570 and Rs 1,720. A breakout beyond either boundary is required to establish a clear ...
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ONGC
The price reversed from our support of Rs 1,020 and rose to an intra-week high of Rs 1,200. The resistance at Rs 1,150 was decisively breached last week, a positive end to a long-drawn consolidation phase. The Rs 1,130-Rs 1,150 zone will ...
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Tata Motors
But a short-term uptrend has not been conclusively established as the price is struggling to get past the Rs 736 level mentioned last week. A rally beyond Rs 755 is required to make the short-term outlook positive again. The price can slip ...
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Question & Answer
Kindly express your outlook towards Bongaigaon Refineries purchased at Rs 50 and Xpro purchased at Rs 38. Amit A.Rao Bongaigaon Refinery (Rs 48): Long-term support for the stock exists at Rs 43. Hold with a stop at Rs 38 ...
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Tech Tools
Please explain how to calculate Alpha and Beta value of shares and where to get the data to calculate those. Also explain convergence, divergence and exponential moving averages and the significance of these indicators in identifying good ...
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Trader's Corner
One of the basic tenets of technical analysis is that history repeats itself. Human behaviour, emotions, feelings and responses to a given situation have remained the same over ages. Since stock markets are nothing but manifestation of the ...
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RECOMMENDATION
Indian Hotels: Buy
An investment can be considered in the stock of Indian Hotels, which runs the Taj Group of Hotels and Resorts. At Rs 1,135, the stock trades at about 18 times its likely FY 07 consolidated per-share earnings. Valuation does not appear too ...
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Tech Mahindra: Invest at cut-off
With its exclusive focus on the telecom sector, Tech Mahindra stands to gain from the global trend of telecom companies investing in developing innovative value-added services. Also, its established relationships with the likes of British Telecom are expected to help widen its client base.
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Kirloskar Oil Engines: Buy
Business is on a strong footing with medium- and small-range engines fuelling growth. We believe the current market price does not adequately capture the value of the company's core business.
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GMR Infrastructure: Avoid
The projects in the power sector, which contribute a sizeable chunk of revenues, are dogged by low utilisations and new projects are clouded in uncertainty.
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Matrix Labs: Hold
With a slew of acquisitions, Matrix's business profile sports a far more diversified look now compared to its dependence on a single product three years ago
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OUTLOOK
Pointers
The bulk of the first quarter results have been absorbed, discounted and drooled over. The progress of monsoons might attract the market's attention next week, now that the pre-occupation with results will be on the decline. The conflict in ...
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Market View
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