The Hindu Business Line : Sunday, September 01, 2002

UTI to be split into 2 entities
THE BJP-led Government today backed its commitment to protect the interests of 20-million-odd investors of Unit Trust of India (UTI) by announcing a structural reform package, covering a Rs 14,561-crore bail-out for the US-64 and all assured ... More

What the bail-out means for investors
INVESTORS in Unit Trust of India's Unit Scheme 64 and the assured return schemes (Monthly Income Plans and Institutional Investor Schemes) can breathe a bit easier, now that the Government has finally announced the basic contours of a bail-out ... More

Huge bailout for UTI — No accountability
AS THE dimensions of the bailout package for the Unit Trust of India become clearer by the day, the most surprising aspect is that so few questions are being asked about the crisis that has unfolded over the last five years. There also is no ... More

Will US-64 survive beyond May '03?
AFTER enjoying the `confidence' of the investing community — including millions of small investors — for decades, the Unit Trust of India (UTI), India's largest mutual fund, has fallen by the wayside. While new investors are not too ... More

K-MNC: Sell

Templeton India Short Term Income Plan: Invest

Birla IT Fund: Sell

MF flows in July — Pvt funds overtake UTI

Templeton India Pension Plan: Invest

STOCK MARKETS

Pick a winner stock market contest
THE KPIT Infosystems scrip posted the highest gain of 56.27 per cent among the entries received for August 2002. The share moved up from Rs 80.05 to Rs 125.10 during this period. Including multiple entries, totally 90 winning entries were ... More

`UTI bail-out will trigger positive sentiment'
THE bail-out package announced by the Finance Minister, Mr Jaswant Singh, today appears to have removed an uneasy feeling from the market that every time it improves, heavy selling by UTI promptly pulls it down. There was a perception in the ... More

DERIVATIVES MARKETS

Infosys, L&T counters remain active
EQUITY indices ended the week on a firm note, powered by handsome gains made by technology stocks. Between the week ended August 14, 2002 and August 31, 2002, the BSE Sensex gained about 3.76 per cent to close at 3,181.23 points. Quite a few ... More

Trading on options volatility
TRADING options is not an easy task. Ask any professional trader and you sure are going to hear that the risk involved is considerable. But at the same time, the returns too can be phenomenal. There are different modes by which one can make money ... More

Signals from open interest
OPEN interest is an important factor that investors should observe when trading in options. What is open interest? It refers to the contracts outstanding on a particular day. Suppose the open interest in Satyam September 230 calls is 645 ... More

COMMENTARY

Book profit in Infosys
ITC (Rs 699.5): The share price of the company staged a sharp come back on Thursday and managed to break above the Rs 700 mark. The near-term outlook for the scrip appears positive. A test of the Rs 725-730 band appears to be on the cards. ... More

Positive outlook for Tata Engineering
EXCEPT for a weak trend on Tuesday, the stock market sentiment remained fairly strong during the week gone by. It was also positive to notice that the relatively weak trend at the American markets did not have any major impact on domestic market ... More

Tech, media stocks in focus
FOR the third successive week, the BSE Sensex ended in the positive territory. The Sensex closed for the week at 3181.23 points, 62.05 points higher (or 1.98 per cent). After remaining range-bound in the first four days of trading, the Sensex was ... More

IPCL sheds 37 pc
THE Sensex managed to gain consistently through this week except for the marginal correction on Tuesday. Optimism could have partly stemmed from investors expecting the government to bail out UTI - a prominent player in the capital markets - ... More

Nasdaq: Downtrend may continue

RECOMMENDATION

Birla Corp: Hold
BIRLA Corporation (Birla Corp) shareholders can stay invested as there could be room for some gains if the company succeeds further in its approach to cut losses. This could be risky as the drought and lower cement prices could affect the ... More

P&G Hygiene and Healthcare: Sell
THE financials of P&G Hygiene and Healthcare for the year ended June 2002 have been distinctly lacklustre. While net sales fell flat at Rs.409.41 crore, net profits dropped 6.8 per cent to Rs 77.02 crore. True, the profit performance improves if ... More

Thomas Cook India: Hold
IT MAY not be the best of times for companies rendering travel services, but Thomas Cook appears to have conjured the right recipe to keep the blues at bay. While the quarterly numbers are appetising, investors could continue to hold on to the ... More

Pfizer: Buy
A FEW days ago, the shareholders of Pfizer and Parke-Davis (India) approved a merger between the two companies. The merger is significant for Pfizer's shareholders because it comes at a time when the company was sailing ahead smoothly on its own. ... More

Indo Matsushita Carbon: Hold
Strong fundamentals, a relatively liberal dividend payout policy and a prominent position in the carbon rod business are the attractive features of Indo Matsushita Carbon from an investment perspective. Considering that company's share price ... More

Tata Tea: Hold
TATA Tea (TT) is the largest integrated tea company (meaning it both produces and retails tea) in India. But in a falling price scene, the duality of operations is its weakness as production costs are seldom the lowest in the industry. Tetley is, ... More

Nestle India: More support from parent
THE Nestle India stock has appreciated sharply over the past couple of weeks, from Rs 500 to Rs 555 levels. News of block deals in the stock by the UTI and speculation that the stock has been mopped up by Nestle India's parent - - Nestle SA ... More

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