MARKETS
MUTUAL FUNDS
Update
Reliance Mutual Fund declared a dividend of 25 per cent under Reliance Growth Fund. Record date for the same is October 30. Reliance Mutual will charge entry load of 2.25 per cent for FIIs investments less than 2 crore in eight of its ...
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STOCKS
Infrastructure companies — Stack up with discretion
Driven by infrastructure spending, the demand side for construction companies remains robust. The key to success will lie in their ability to ramp up resources and capitalise on order flow.
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SBI net dips marginally in Q2 to Rs 1,184 cr
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STOCK MARKETS
Query Corner
I bought Financial Technologies at Rs 1,960 per share. I am willing to wait for two to three years if I would get any positive returns. Is there any scope for the price to reach my purchase price? Madavan Viswanathan Financial ...
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Trader's corner
Harish Bhai had made up his mind that he would become a day trader. His family had almost every other male member connected with the stock markets in one way or the other. He was sure that he would be able to make a success of it. But he wanted ...
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Reliance
Reliance has not made a decisive move in either direction in the last two weeks. But this stock is the most likely candidate to don the leader's mantle if the Sensex has to get past 13000. The price is in an upward moving channel since August 31, ...
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SBI
SBI recorded a smart breakout on Thursday and surged 6.7 per cent in two sessions. This stock has launched in to a fresh upward move, surpassing our outer target of Rs 1,088. The short-term trend has turned positive again. The momentum ...
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Tata Steel
We had discussed the formation of a triangle from the July 6 peak, in our last column. This outlook is still valid as the stock has neither fallen below Rs 490 nor risen above Rs 550. The price is poised just above its 200 day moving average. ...
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Infosys
The range-bound move between Rs 2,000 and Rs 2,155 can continue this week as well. The outlook for this scrip will stay positive as long as it stays above Rs 2,000. The medium-term target has been revised to Rs 2,216 and then Rs 2,255. ...
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ACC
The price has been moving sideways since the beginning of October, forming a rounding top. This has caused weakness in the weekly and daily momentum oscillators. The volume is also decreasing on this counter. Hold your long positions with a ...
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ONGC
This stock made a recent low at Rs 728 that is 50 per cent retracement of its previous up move from June lows. The C wave from this low seems to have commenced at Rs 728. The stock is currently struggling to rise above 200 day moving average ...
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RECOMMENDATION
Areva T&D: Buy
Restructuring-aided focussed growth plans, support from parent company and bright prospects in the domestic power transmission and distribution (T&D) segment augur well for Areva T&D's earnings growth. We have a call outstanding on the stock
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Tata Steel: Hold
For Tata Steel, the move into Europe appears to fit well with its global strategy. As consolidation gathers momentum, the Tata Steel-Corus combine holds significant growth potential.
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Info Edge (India): Invest at cut-off
The positives linked to this offer are the early-mover advantage, strong brand recall, a good management team and long-standing relationships with corporates.
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Taj GVK: Buy
Strong occupancy and tariff rates, expansion of capacities and the boom in the economy will fuel the earning's growth of Taj GVK.
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Magnum COMMA: Hold
The fact that the fund has delivered market returns when most commodities have come under pressure is commendable.
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Asian CERC Information Technology: Reject
Fortis Financial Services, the acquirer, can leverage on its capital market strength to extend the market presence and software capability of its target, Asian CERC.
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Franklin India Taxshield: Hold
Franklin India Taxshield (FITS) investors can retain their investment since its three- and five-year returns are fairly good, at 47 per cent and 44 per cent respectively. The fund consistently outperformed its benchmark Index CNX-500 for the same ...
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Supreme Petrochem: Hold
Plant closures in developed countries and softening crude prices are likely to result in better margins.
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OUTLOOK
Index Outlook
The influx of the second quarter numbers continued, some mediocre but mostly splendid, causing a wave of optimism in the Indian stock markets. The three-day-long trading week in the markets was, however, interspersed with bouts of volatility ...
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Market View
There has been a re-rating of the prospects for the banking sector in the last month, primarily triggered by the change in interest rate expectations. From fears of higher inflation and monetary tightening in May, which sent ...
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