STOCKS


MDT/PTI 08 October 2012
The Rs2,500-crore IPO of the state-run Rashtriya Ispat Nigam or RINL has been deferred twice since the filing of the draft documents with SEBI New Delhi: Indian government on Monday said it will kickstart its ambitious Rs30,000 crore disinvestment programme with stake sale in Rashtriya...

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Moneylife Digital Team 06 October 2012
A close below 5,735 on the Nifty may result in a reversal   Continuing economic reforms from the government in the week enabled the Indian market close the truncated week with a gain of almost 1%, making it the fifth positive weekly close. Investors will now focus their attention to...

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Vidur Pendharkar 06 October 2012
Volatility is likely to remain high as a move on either side is likely   S&P Nifty close: 5,746.95 Market Trend Short Term: Up                 Medium Term: Up                        Long Term: Down      After a flat opening the Nifty rose for four consecutive trading...

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Gopinath Prabhu 05 October 2012
Given the opaque style of functioning and NSE being the favoured exchange of SEBI, the exchange will go scot-free once again. However, SEBI should seek clarification from NSE and also penalise both exchanges for not following its circular on index-wide filters The so-called high-tech...

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Moneylife Digital Team 05 October 2012
A close below 5,735 on the Nifty may see some change in trend   The market snapped its four-day winning steak and closed lower on pressure from technology, healthcare and banking stocks. A brief halt in trading on the NSE after erroneous orders executed by Emkay Global Financial...

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MDT/PTI 05 October 2012
The shareholders like IDBI Bank, Canara Bank, SBI, IL&FS, Federal Bank, IL&FS Trust would reduce their stake in the IPO of CARE   Mumbai: Domestic rating agency Credit Analysis & Research Ltd (CARE) has got a go-ahead from the market regulator Securities and Exchange Board of India...

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Moneylife Digital Team 05 October 2012
Emkay Global apparently placed non-algo market orders for an erroneous quantity and value of Rs650 crore The National Stock Exchange (NSE) has blamed a brokerage house, Emkay Shares & Stock Brokers, for triggering circuit breakers on the Nifty, which led to closing of the cash market and...

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Moneylife Digital Team 05 October 2012
Demand is likely to improve in the IT Services sector in the second quarter. Market trends include cost efficiency drive at clients and slow incremental business with market share shifts, says Nomura Equity Research    Nomura Equity Research in its Quick Note predicts improvement in...

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Moneylife Digital Team 04 October 2012
Watch 5725 on the Nifty for a trend reversal   Assertion of the government to pursue economic reforms to put the economy back on the growth track and support from the Asian markets led the market higher for the fourth day in succession. Today the Nifty closed at 5,788, its highest...

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Moneylife Digital Team 04 October 2012
 A growth of 49% in the net profit of Relaxo has resulted into high compounded annual growth and return on equity (ROE). The footwear market is fragmented. The nationwide players are Bata, Liberty and Relaxo. There are several strong regional players. But Relaxo alone has created...

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Moneylife Digital Team 04 October 2012
 Hefty dividends and rising share price of Suprajit Engineering make its shares a fine 'buy' choice. What makes the company outperform the industry? Suprajit Engineering has been rewarding its shareholders with hefty dividends. It distributed 65% dividend last year and the share price...

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Moneylife Digital Team 04 October 2012
How far do good attributes of a company justify high valuations?   One of the enduring but inexplicable facts of stock valuation is the premium commanded by multinational companies. Take a look at the companies in the list—Nestlé India, GlaxoSmithKline Pharmaceuticals, Akzo Nobel and...

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Moneylife Digital Team 04 October 2012
eClerx Services rose 17%, Wyeth rose 5%, while Jindal Steel & Power fell 3%   Gainers: eClerx Services rose 17% and hit its all-time high of Rs900 on the BSE on 13 September 2012. Fitch Ratings has affirmed Mahindra & Mahindra Financial Services’ national long-term rating at ‘Fitch...

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Moneylife Digital Team 04 October 2012
Chettinad Cement rose 3%, Repro India rose 3%, while BHEL fell 6%   Gainers: Forbes, a US magazine, in its Asian version Forbes Asia, has 11 Indian firms, including HCL Technologies in its Fab 50 list as the best publicly traded companies in Asia-Pacific bringing India at the second...

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For the past five years, the Indian stock market has given no returns. Stock markets in many countries are negative over a decade or more. What to make of this? Turning your back on stocks would be a mistake. Debashis Basu with Jason Monteiro explains how you should really invest Nothing...

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Moneylife Digital Team 03 October 2012
A close below 5695 on the Nifty may lead to a short decline   Resuming after a day’s break, the market was range-bound for the entire session but managed a green close for the third day in a row. With positive opening on the Nifty, the index moved in a narrow range today. However, it...

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Moneylife Digital Team 03 October 2012
Relaxo Footwear and Suprajit Engineering have done excellently in the quarter ended recently and have become our 'buy' choices due to their potential to preserve capital We add two more stocks to our recommendation list, namely, Relaxo Footwears Ltd and Suprajit Engineering. With all the...

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Moneylife Digital Team 03 October 2012
Valuation differential between Tier-I and Tier-II mid-cap companies has widened to 37%—the largest in four years When the market goes up, analysts look for new investment ideas. How about a bunch of smaller software companies which the market seems to have forgotten during the two-year...

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Moneylife Digital Team 01 October 2012
A close below 5,685 on the Nifty may lead to break of the uptrend The market, which hovered near its previous close in morning trade, gained momentum in the second half and settled with modest gains, making it the second consecutive close in the positive. The Nifty moved almost in the...

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One of the two factors behind my asset bubble call is weakening Last fortnight, I had argued that a bubble is about to become bigger, thanks to continued flow of money into most asset classes. There were two reasons for this. One was the enthusiasm of foreigners about India embarking on...

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