MARKETS
FINANCIAL SERVICES
`Fat finger' trades are not aberrations
THE fat finger trades in Tulip IT Services scrip at the BSE on January 5 must be perceived not as an aberration, but an inevitability in the context of automated order-routing systems (AORSs), which have replaced the telephone a means of ...
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MUTUAL FUNDS
SBI Mutual steals the show
IT WAS dominance of a kind rarely seen in the mutual fund industry over the past 15 years. There may have been occasions when a couple of funds from one stable would have run away with the honours. But, then, the universe of equity funds was ...
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India, a `buy-on-declines' market — Mr Anup Maheshwari, Chief Investment Officer, HSBC Mutual Fund
IN WHAT is slated to be a challenging year for fund managers in terms of stock and sector selection, Mr Anup Maheshwari, former Head of Equities, DSP Merrill Lynch Mutual Fund, is in the hot seat at HSBC Mutual as Chief Investment Officer. A ...
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New scheme from Stanchart MF
LIC Mutual Fund has declared a dividend of 50 per cent for LIC MF Index Sensex Plan and 0.8 per cent for LIC MF Bond Fund. The record date has been fixed as January 9 and 10 for LIC MF Index Fund and Bond Fund respectively. Standard ...
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STOCKS
Rich state of mid-cap market
AS INVESTORS strap on for the Sensex's leap towards 10,000, valuations appear stretched, especially in the mid-cap segment, where they seem as stretched as in their large-cap counterparts. For many, this alone is an indicator of a bubble building ...
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STOCK MARKETS
SEBI GUIDE
Benefits of paperless holdings of shares
Is it compulsory for every investor to open a depository account to trade in the capital market? As per the available statistics at the BSE and the NSE, 99.9 per cent settlement takes place in demat mode only. Therefore, in view of the ...
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A show of strength in SBI
SBI (Rs 941): A positive trend prevailed during the week. The stock appears to be on course to move to the target zone of Rs 1,050-1,100. This stock appears to be among the top picks from the banking sector. Investors may include the ...
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Near-term outlook is positive for Nifty
Preferred view: The index moved as anticipated last week. The trend remained buoyant and then momentum picked up on the move past the crucial trigger level at 2840. It was also positive to notice that the trend was strong enough to ...
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Focus of the week
VSNL (Rs 397): After having topped at Rs 444 in July 2005, the stock went into a sharp corrective phase that pushed it to a low of Rs 260. The stock has staged a sharp recovery over the last couple of months. The recovery appears to ...
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Query Corner
I have observed on quite a few occasions that the share price of the company concerned moves well past the target price mentioned by you. Unichem Labs and Jaiprakash Associates are more recent examples of this aspect. What should investors do ...
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CHECKLIST
Safety features in demat
How will I know that my Depository Participant (DP) has updated my account after each transaction? Your DP will give you a transaction statement periodically, which will detail your current balances and the various transactions you have ...
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Nifty may witness a downtrend
For the ensuing week, we expect the Nifty exhibit a mixed trend with undertone turning slightly bearish.
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Options guide
RECOMMENDATION
Greenply Industries: Buy
GREENPLY Industries (Rs 92) is likely to emerge as one of the prime beneficiaries of the ongoing construction boom in the country. An investment can be considered with a one to two-year perspective. The stock ...
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ITC: Buy
INVESTORS can consider taking fresh exposure in the ITC stock (Rs 145), which quotes at 27 times its trailing 12-month earnings. Valuations and growth prospects appear attractive relative to its peers in the fast-moving consumer goods (FMCG) ...
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HDFC TaxSaver: Invest
HDFC TaxSaver is a good investment option even for investors who are not looking at tax saving element. Consistent performance and a sound track record of protecting the NAV with marginal damage in a bear market makes the fund an ideal ...
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Pidilite: Buy
AN INVESTMENT can be considered in the Pidilite stock (Rs 87). At this price, the stock commands a price-earnings (P-E) multiple of about 20 times its expected per share earnings for FY-06. The valuation level is demanding, but in the context of ...
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MphasiS BFL: Buy
INVESTORS with a penchant for risk can consider taking exposure in the MphasiS BFL stock (Rs 157). Though the stock has run-up by 10 per cent in the homestretch to the earnings announcement on January 10, improvement in fundamentals and ...
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SPOTLIGHT
Kotak MNC: Invest
EXPOSURES may be considered in Kotak MNC Fund, as it has a fairly impressive track record. The portfolio also appears designed to go through any period of correction in equities with limited downside risk. As the equity market is likely to ...
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Maharashtra Seamless: Buy
STRONG operational and financial contours, a healthy order-book, a positive business outlook and likely gains from its proposed backward integration make the stock of Maharashtra Seamless (Rs 552) attractive. Although the stock has run up ...
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Nitin Spinners: Avoid
INVESTORS can give the initial public offer of Nitin Spinners a miss. The price band of Rs 18-21 values the offer at 12-14 times its annualised per-share earnings for FY-06. As a small company, the scope for ramping-up the business is ...
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Bharat Bijlee: Buy
BHARAT Bijlee's (Rs 795) efforts to reorganise its business portfolio, coupled with the growing demand for transformers as a result of power sector reforms, are likely to accelerate the company's earnings growth. Investors can consider buying the ...
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