The Hindu Business Line : Sunday, May 06, 2007

INSIGHT
Investing abroad under the raised cap
Both capital account and current account transactions are allowed under the liberalised remittance scheme, which allows a range of investments abroad by a resident Indian — from buying foreign stocks to acquiring property and trading in stock/c ommodity futures overseas. More

MUTUAL FUNDS
`The diversified strategy has worked quite well'
There are 5,000 companies and so many new sectors. It is how smartly you can work given the resources. More

`We rely on collective judgement'
"The growth in the number of SIP investments is a sign of the number of investors who are willing to take a long-term bet on equity." More

Sundaram BNP Paribas S.M.I.L.E — Power is still in favour
Small and mid-cap stocks witnessed a lack-lustre market over the past year and those funds invested in such stocks have had a tough time keeping up with their diversified peers. Sundaram BNP Paribas' S.M.I.L.E (Small and Medium Indian Leading ... More

Fund Talk
Both bank deposits and fixed maturity plans from mutual funds are superior and relatively safe options for you to park your money until you require it. Your choice between the two should depend on your risk appetite and tax status. More

STOCKS
REpower bidding war enters next phase
Suzlon and Areva have made bids of 150 and 140, respectively, for German energy company REpower. More

STOCK MARKETS
Query Corner
I am holding Essel Propack purchased at Rs 70 and Berger Paint at Rs 80. Please tell me the future of these stocks. C. Venkatakrishnan Essel Propack (Rs 79.2): Essel Propack is moving in a narrow range between Rs 67 and Rs ... More

DERIVATIVES MARKETS
Nifty futures: Calm week ahead
More

EVENTS
Pick a winner stock contest
Among the entries received for the stock contest held during the month of April 2007, the stock of Atlanta recorded the maximum gain. Its share price rose from Rs 256 to Rs 459 during the month. Out of about 595 entries received, there were 20 ... More

INCOME TAX
Food coupons no grist to the tax mill
The company for which I work gives food coupons (such as Sodexho and Times Ticket) to its employees and does not treat this as a taxable perquisite in the hands of the employees. Is this correct? Is there any limit beyond which it will be ... More

RECOMMENDATION
Praj Industries: Hold
Increasing acceptance of ethanol as biofuel on the back of a firm price outlook for crude oil is likely to sustain the growth. More

Colgate-Palmolive: Hold
The deemed dividend will result in an inflow of Rs 9 per share, but has no direct earnings or stock price implications. More

Mudra Lifestyle: Buy
An investment can be considered in the stock of Mudra Lifestyle. This recently listed textile company continues to trade well below its offer price of Rs 90. The stock, on Friday, reacted sharply to the strong earnings reported by ... More

Binani Cement: Invest at cut-off
Expansion in production capacity and shift in product mix are positives for this IPO. However, intense competition and policy-linked uncertainties remain. More

MIC Electronics: Invest at cut-off
In a price-sensitive market, the nascent LED display segment may encounter competition from cheaper media applications such as vinyl hoardings. More

ACC
This stock continued to move in the upward trajectory, achieving our first short-term target of Rs 875. A double zigzag pattern is being formed from the low of Rs 680. The short-term outlook is positive. But a cautious stance is advised till the ... More

Magnum Contra: Invest
An investment can be considered in Magnum Contra. The fund's strategy of going against the market has delivered a return of about 9 per cent over the past year. While its performance beats the category average, it may not appear as impressive as ... More

Infosys
Infosys closed the week with a gain of 3 per cent. The short-term trend is sideways though the medium term trend in this stock is negative. The third part of the move from Rs 1,912 can take the stock higher to Rs 2,131 or Rs 2,219. The ... More

Tata Steel
Tata Steel reversed from the low of Rs 531. The immediate resistance for the stock exists at Rs 567. If the stock fails to rise above this level, it can slide lower to Rs 533 and then Rs 513 over the week. The crucial short-term support continues ... More

SBI
It was a gritty fight-back by the SBI stock last week. The stock reversed from an intra week low of Rs 1,065. But the recovery lacks conviction as selling pressure was experienced at higher levels every day. The stock can consolidate in the band ... More

Reliance Ind
The movement in RIL stock last week was inconclusive. The dark cloud cover in the daily candlestick chart negates the reversal seen in the beginning of the week. A five-wave move could have been completed at the intra week peak formed at Rs 1651. ... More

ONGC
Two-doji candles formed last week with long upper shadows indicate lack of strength, in the short term. If the stock fails to rise above Rs 960 next week, it can slide lower to Rs 886 and then Rs 854. Short-term investors can continue to hold the ... More

OUTLOOK
Index Outlook
Onset of the Indian summer has lulled the markets in to a languorous state. Sensex meandered sideways, going nowhere in particular, for the second successive week. The two holidays were partly responsible for the disinterested trading activity. ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

E-paper anouncement

Nifty Companies News
SE Diary
Stock Quotes

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
Siscol sets eyes on further expansion of capacities

Telcos must address consumer complaints within 7 days: TRAI

Foster, ABB Lummus in race for CPCL tie-up

States oppose tax exemptions in non-processing part of SEZs

REpower bidding war enters next phase

Looking back
Apr. 29-May. 5
Stretched valuations

QIP route: SEBI sets norm of minimum 1 year listing

The myth of emerging market risk

ACC picking up 12% stake in Shiva Cement

Advt Links:
• Lot many investment options- - One Network
• Looking for NCFM Professionals / Crash Courses?
• Trading On Equities,Commodities Made Easier