MARKETS
MUTUAL FUNDS
UTI's ULIP gets new fund manager
UTI Mutual Fund has replaced the fund manager in charge of Unit Linked Insurance Plan (ULIP), which, with nearly Rs 3,800 crore under its management, is the country's largest fund. Mr Siddharth Dembi, who has now been mandated for the job, ...
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SPOTLIGHT
Reliance Media & Entertainment Fund: Hold
INVESTORS in the Reliance Media and Entertainment Fund may retain their holdings, as there could be scope for gains. A string of policy announcements by the Government have been favourable for companies operating in ...
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Enhanced allocation to large caps, driven by stock selection — Mr N. Sethuram, Chief Investment Officer, SBI Mutual Fund
Earlier, when investment decisions were approved by a committee, making a decision took a minimum of 24 hours. I felt that this would not work under current market conditions. Now, no decision takes more than 15-20 minutes.
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PruICICI Discovery: Hold
PruICICI Discovery has performed impressively since its launch in July 2004. The fund seeks to invest in value stocks — those that trade at attractive valuations in terms of earnings or book value or on the basis ...
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NEW FUND OFFER
Benchmark's Split Capital Fund
Split between risk-averse and risk-seekers
Class A units: Invest
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Small-cap fund fetches 42.5 pc dividend
SBI Mutual Fund has announced a 42.5 per cent dividend under its small-cap fund — the Magnum Global Fund. The record date for the dividend is June 30. JM Mutual Fund has announced that the record date for becoming eligible ...
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FUND TALK
Should a pensioner invest in tax-saving funds?
STOCKS
`Growth and value' portfolio outperforms
A `GROWTH & Value' portfolio of ten stocks picked in July 2004 by applying rigorous financial parameters notched up returns of 100 per cent in the past year. It outperformed major indices as well as most equity funds. The 100 per cent return ...
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TECHNICAL ANALYSIS
Positive near-term trend for Nifty
Preferred view: The index went into a corrective mode with the price action being confined to a trading zone of about 60 points for the week. The near-term trend remains bullish and the index could stretch itself into the target zone ...
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SBI may seek higher levels
SBI (Rs 705): The price action was in line with expectations. The stock dropped to the target zone of the Rs 660-665 range and turned direction subsequently. The share price also closed above the positive trigger level of Rs 690, which has ...
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Focus of the week
SRF (Rs 192.4): The stock has moved in line with expectations. It has comfortably moved past the target zone of Rs 165-170 mentioned earlier (edition dated May 15). After a brief consolidation, the stock appears to have started the next ...
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Query corner
India Cements (Rs 75.7): Though the stock could move up in the near term, the trend would turn bullish only on a close above Rs 86. Hold with a stop-loss at Rs 69 and reduce exposures on price rally. A trailing stop-loss may be used if ...
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DERIVATIVES MARKETS
F&O POINTERS
Nifty poised at critical level
Nifty outlook: Last week we had indicated that the Nifty could open weak and rise in the later part of the week due to the settlement of June contracts; we had advised investor to consider either shorting the Nifty or buying 2160 puts @ Rs ...
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Modest rollover
THE trading activity at the F&O segment on the NSE rose due to the settlement of June month contracts; the average daily volumes jumped to Rs 16,846 crore against the previous week's figure of Rs 13,947 crore. The rollover of positions from June
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RECOMMENDATION
Gokaldas Exports: Hold
THE stock of Gokaldas Exports, after recording strong gains on listing and in the initial weeks of trading, has cooled off over the past few of days, on the back of a lower-than-expected rise in profits. The stock, ...
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Shriram Transport and Shriram Investments: Buy
AN investment in the stocks of Shriram Investments and Shriram Transport can be considered. Both these stocks are attractively valued considering their earnings growth record and growth potential. These stocks offer a dividend yield of 4 per ...
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Abbott India: Hold
SHAREHOLDERS can retain their holdings in the Abbott India stock, which trades at about Rs 625. Abbott is one of the leading players in the anti-diabetic therapeutic area (insulin), for which it has an arrangement with ...
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Nagarjuna Construction: Hold
SHAREHOLDERS can retain their holdings in the stock of Nagarjuna Construction. Business Line had recommended a buy on the stock 10 months ago at Rs 190. The stock has since risen four-fold. It now trades at a ...
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Polyplex Corporation: Buy
INVESTORS can consider taking exposure in the stock of Polyplex Corporation, which is quoting at four times its consolidated earnings for FY-05. The stock trades lower than the investment value in its subsidiary, ...
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IPOS
IL&FS Investsmart: Invest at Rs 125
INVESTMENTS in the initial public offering of IL&FS Investsmart at Rs 125 can be considered. The potential for growth in the financial services business is bright and an entrenched player such as IL&FS Investsmart
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SPL Industries: Avoid
INVESTORS can avoid the initial public offering of SPL Industries. We have not factored in any gains on listing as the risks outweigh the benefit of taking an exposure. The Rs 60-70 price band values the stock at 13-15 ...
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Understanding an offer document
THIS section basically tries to tell the reader about the structure of presentation of the content in the offer document. This is with a view to help the reader navigate through the content of an offer document. Cover page: The cover ...
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PUBLIC OFFER
Yash Papers: Avoid
INVESTORS can stay clear of the equity offering of Yash Papers, as returns are unlikely to be commensurate with risks. A four-fold expansion in equity base, a waiting period of at least two-and-a-half years before ...
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