INVESTOR INTEREST


Sanket Dhanorkar 01 July 2010
The planned new US law regulating banking and financial services firms puts severe restraints on their functioning and profitability. Since Indian software companies derive most of their revenues from this segment, will it impact them? The Obama-led US administration is up in arms against the...

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Moneylife Digital Team 01 July 2010
The Sensex is trapped between 17,700 and 17,400. The bias, however, is to the downside The market, which began the session on a weak note, following negative cues from across the globe, tumbled over 1% at the end of trade. While Wall Street ended lower on Wednesday, lower manufacturing growth...

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Moneylife Digital Team 01 July 2010
The country's largest private sector lender ICICI Bank on Wednesday pegged its minimum lending rate at 7.5%, the same as State Bank of India's (SBI) rate. "ICICI Bank base rate (I-Base) is fixed at 7.5%, effective 1st July," the lender said in a statement. The existing benchmark prime lending...

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Moneylife Digital Team 01 July 2010
India's Fortis Healthcare Ltd today responded to Malaysian sovereign wealth fund Khazanah's bid to control Singapore-based Parkway Holdings by offering to acquire all the shares of the company. Fortis has made an offer of S$3.80 per piece to acquire Parkway against Khazanah's offer of S$3.78 a...

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Same stock, same day, same broker. One call is buy,  while another is sell! Brokerage houses in India can be trusted to make disastrous calls and recommendations on markets. What if someone advises you to buy and sell the same scrip at the same time? This dubious distinction was achieved by...

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Moneylife Digital Team 01 July 2010
Chennai-based TVS Motor Company today reported a 35.72% increase in its total two- wheeler sales in June at 1,56,685 units. The company had sold 1,15,448 units in the corresponding month last year, TVS Motor Company said in a statement. Motorcycle sales of the company during the last month...

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Moneylife Digital Team 01 July 2010
Reversing its earlier decision, the US Exim Bank has agreed to provide $600 million in loan guarantees to suppliers for Reliance Power's (RPL) coal-fired project and a mine in Sasan, Madhya Pradesh. Wednesday's announcement would help preserve 1,000 jobs in Wisconsin and 13 other states. Last...

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Moneylife Digital Team 01 July 2010
The country's largest car maker, Maruti Suzuki India, today reported a 17.28% jump in June sales to 88,091 units over the same month last year. The company had sold 75,109 units in June last year, Maruti Suzuki India (MSI) said in a statement. In the domestic market, Maruti sold 72,812 units...

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Another fancy fund idea bites the dust To gather assets, fund houses dream up all sorts of fancy schemes. Most of them are of no value to investors. Some of them are so audacious as to be breathtaking. Worse, some schemes don’t even bother about standard risks. Investing abroad through Indian...

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Moneylife Digital Team 01 July 2010
How many infrastructure funds do we need? Well, there are 37 fund houses… Every personal products company has its version of shampoo. Each fund company has to have its variety of infrastructure fund. Some have even multiple infrastructure funds. Recently Bharti AXA launched its Focused...

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Moneylife Digital Team 01 July 2010
How many infrastructure funds do we need? Well, there are 37 fund houses… Every personal products company has its version of shampoo. Each fund company has to have its variety of infrastructure fund. Some have even multiple infrastructure funds. Recently Bharti AXA launched its Focused...

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It is hard to figure out which mutual fund schemes will be among the best. But, for some strange reason, it is easy to see which fund house is the worst JM Financial Mutual Fund has created a unique position for itself in the mutual fund industry. Its schemes continue to be among the worst...

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There is a huge diversion in the expense ratios of debt funds, despite belonging to the same category. Such high costs are unjustified when compared to the low returns offered by these funds. For instance, the JM Income Fund has provided measly returns of 2% during 2009-10, while investors in...

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Banswara Syntex is growing fast and is available cheap Even when the market valuations of many fancy and large-cap stocks are running high, there are some that are still available at reasonable valuations. One such company is Banswara Syntex. We have suggested looking at Banswara earlier...

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Moneylife Digital Team 01 July 2010
AV Cottex (Rs34) Manipulation seems to be rampant in AV Cottex. This company is in the business of trading in cotton yarn. In the March 2010 quarter, it posted sales of Rs3.06 crore. This was a remarkable achievement because there have been six quarters when the company did not post any...

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Pallabika Ganguly 01 July 2010
It takes 18-24 months to start a construction project, thanks to the delays in getting official permissions The Maharashtra government had passed an Act (No XXI, 2006), which is a legislation to provide for regulation of transfers of government servants and prevention of delay in discharge of...

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Oil Country Tubular runs a high-margin business Oil Country Tubular (OCTL) makes tubular goods used in the oil drilling and exploration industry such as drill pipes, casing pipes and production tubing. It also manufactures oilfield accessories such as rotary subs, lift plugs and lift subs,...

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Nagarjuna Agrichem has run up a lot but still has steam left Nagarjuna Agrichem (NACL) manufactures insecticides, herbicides, fungicides and custom-manufactured fine chemicals at its three units. We had talked about this stock last year (Moneylife, 4 June 2009) when the market was shunning...

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Moneylife Digital Team 01 July 2010
The exploration major began production from C-Series fields last month and is currently producing between 0.8 and 1.2 mmscmd from 6-7 wells drilled to date. Peak output of 2.8 mmscmd will be reached once all the 15 wells are drilled The government has approved $5.25 per million British...

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Subrata Das 01 July 2010
The stock has been down because of lower margins in the March quarter, thanks to lower spot gas prices, but its core high-margin business is unaffected LNG imports, which were started a few years back to secure India’s energy security, have been facing a tough time and one of the biggest...

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