STOCKS


Will the watchdog watch the IPO process? The capital market watchdog needs to work overtime to restore confidence in the primary capital market before it is too late. Moneylife Foundation, our not-for-profit initiative for financial literacy, recommends that retail investors should simply...

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Shareholders of both Ambani groups are paying the price for the far-from-glorious reputation of their companies Corporate governance enthusiasts finally have a meaningful case study in how both Ambani groups are paying a price for their far-from-glorious reputation. Even the Mukesh Ambani...

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Muted growth in corporate profit, a US slowdown, a stronger dollar and reduced FII inflows… bulls have a lot going against them. If the market crashes, when should you buy? Nothing lasts forever—least of all a bull market that is battling rising interest rates and inflation. And what a...

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Moneylife Digital Team 16 June 2011
The stock is valued low now, given its strong growth prospects One of the largest vertically-integrated pharmaceutical companies in India, Aurobindo Pharma, has a robust product portfolio spread over major product areas encompassing anti-retroviral (ARV) drugs, antibiotics,...

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Moneylife Digital Team 16 June 2011
Improved performance and stable growth make this a good pick Tirupur-based KPR Mill is one of the leading manufacturers of readymade knitted apparel, cotton knitted fabric and yarn in the country. The company has a presence across the entire value chain—from fibre to fashion, including...

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Moneylife Digital Team 16 June 2011
The stock has fallen sharply. Is it cheap now? The stock of Shree Renuka Sugars had hit Rs124 sometime in January 2010. At the time of writing, it has fallen to Rs59, barely above its 52-week low of Rs51. Renuka is the best sugar company in India and there is nothing wrong with the company’s...

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Moneylife Digital Team 13 June 2011
The company made a public issue in January last year. The stock price has lost 27% since the announcement of the buyback in April Infinite Computer Solutions India, which made an initial public offering (IPO) in January 2010, is undertaking a buyback of shares amounting to Rs27 crore,...

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Moneylife Digital Team 13 June 2011
 Median return on investments on about 50 QIPs issued in 2010, calculated up to 3 June 2011, is a negative 19%. Fewer companies likely to raise funds through this route over next few months Two out of every three Qualified Institutional Placements (QIPs) done in calendar year 2010 have given...

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Sino-Forest Corporation, the Chinese forestry company in which hedge fund Paulson & Co was the largest investor, lost about two-third of its share value in the past few days after a little-known research firm alleged that the sales it reported would have required 50,000 trucks driving on...

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Moneylife Digital Team 10 June 2011
Brokerages say inflation and high rates have been a bother for the market, which has corrected nearly 10% this year. They point out that while environmental and corruption issues have pushed back investment, capital goods orders have been better than expected recently, and there could be a...

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Big brokers are reluctantly lowering their earnings growth target, leading to the belief that the market is undervalued. Is it based on false premises? Is the Indian market undervalued? This is the million-dollar question today. It is the inability of big investors to answer this question...

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Pratibha Kamath  and   N Madhavan 08 June 2011
For the March 2011 quarter, 107 mega-cap companies in the Moneylife sample recorded sales growth of 23% overall, but only an 11% growth in profit, due to rising costs Mega-cap companies (defined as those with more than Rs10,000 crore market capitalisation) recorded a sales growth of 23%...

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Moneylife Digital Team 07 June 2011
Piramal Healthcare, Kanoria Chemicals and Laffans Petrochemicals are some of the companies that have earned huge amounts of cash recently by selling their businesses; but minority shareholders have got little out of this Recently, promoters of quite a few companies have sold off parts of...

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A growing problem is that governments all over the world are interfering with markets as never before and these interventions distort the price signals, information and create bubbles One of my readers was kind enough to ask a question as to why expert fund managers with an active team of...

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SEBI found HSBC Mutual Fund guilty, but a whole-time director of SEBI allowed the Fund to get away A dogged two-year battle by senior citizen Venkat Subramanian and his wife Anuradha Venkatasubramanian with HSBC Mutual Fund against a mindless order of the Securities and Exchange Board of...

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Many investors are waiting for a crash that would throw up a buying opportunity. But as global money continues to flow into our markets, which are robust, a significant decline may not happen. So, what do long-term investors do today? Our stock markets seem to have got stuck in a range. On...

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Moneylife Digital Team 02 June 2011
Sun TV dived over 30%, SpiceJet dropped more than 13% after Centre for Public Interest Litigation files petition on the basis of Tehelka report that Maran favoured Aircel when he was telecom minister, in ‘quid pro quo’ Shares in Sun TV and the budget carrier SpiceJet plunged by over 30% and...

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Moneylife Digital Team 02 June 2011
Sun TV dived over 30%, SpiceJet dropped more than 13% after Centre for Public Interest Litigation files petition on the basis of Tehelka report that Maran favoured Aircel when he was telecom minister, in ‘quid pro quo’ Shares in Sun TV and the budget carrier SpiceJet plunged by over 30% and...

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Nothing happens to SEBI officials even after shoddy investigation and false accusations In an astonishing case, decided on 28 April 2011 by SAT, it appears that SEBI needlessly harassed and penalised a company by falsely accusing it of unfair trade practices. SEBI accused Vijay Textiles, a...

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Moneylife Digital Team 02 June 2011
It’s one of the largest housing finance companies with a huge network in semi-urban and rural areas, and a level of service that market leaders cannot easily match LIC Housing Finance (LICHF), one of the largest housing finance companies, was started by the Life Insurance Corporation of...

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