indian stock market

Suresh Parthasarathy Advertisement HDFC Prudence, a balanced fund, appears to be a good investment option for conservative investors based on its performance since inception. The fund, over a five-year period, has outpaced the BSE Sensex by five percentage points and its benchmark Crisil Balanced Fund Index by 25 percentage points. The improved returns from debt over the past two years could have partially helped the fund's return in recent periods. Suitability : The fund appears a good option for investors strategically trying to balance investments between debt and equity. . HDFC Prudence's mandate permits the fund to invest 40-75 per cent of the assets in equity. To avail of the tax advantage available to equity funds, Prudence usually invests 65 per cent in equity, with equity allocation currently at 75 per cent. Within equity, the fund has a substantial investment in mid-cap stocks with market capitalis...

JMC Projects has managed a successful turnaround, transitioning from a company with eroding net worth to one with a strong balance sheet in two years. Investors can consider exposure in the stock with a 2-3 year perspective. A strong order book, improving financials, enhanced bidding capacity and a strong corporate promoter who is actively involved in the management, buttress our recommendation. At the current market price of Rs 373, the stock trades at 13 times its expected earnings for 2008-09. The stock has a small market cap of Rs 680 crore and may be subject to sharp volatility linked to movements in broad markets, necessitating phased investments. From posting net losses in 2005, JMC Projects has returned to profitability in 2007 on the back of restructuring measures. The company reduced the proportion of fixed price contracts and passed on the burden of raw material costs to project owners. Wherever it had to undertake supply of raw materials, the company ensu...

The Union Budget for the year 2008-09 has proposed to increase the short-term capital gains tax. The proposal is to increase the tax from 10 to 15 per cent. A short-term capital asset means a capital asset held by an assessee for not more than 12 months prior to its date of transfer. These assets would include equity and preference shares, debentures, government securities, units of UTI and other mutual funds, and zero coupon bonds. In case these assets are held for more than 12 month immediately prior to transfer, it is a long-term capital asset. The budget proposal to increase the short-term capital gains tax to 15 per cent did not go down well with investors, and the benchmark Sensex dipped. In addition, the Finance Minister has proposed changes in the securities transaction tax (STT), which will now be treated like any other deductible expenditure against business income. The Finance Minister has proposed that in case of sale of an option in securities, the levy of STT ...

IFCI jumped 3.67% to Rs 64.90 at 15:30 IST on BSE after Government allocated Rs 433 crore to the company in the Union Budget 2008-09 for restructuring old liabilities. On BSE, 1.72 crore shares of the scrip were traded. The stock had an average daily volume of 1.46 crore shares on BSE in past one quarter. The scrip had touched a high of Rs 68.90 and a low of Rs 60.05 so far during the day. The stock had hit a 52-week high of Rs 121.20 on 17 December 200 and a 52-week low of Rs 23.15 on 6 March 2007. The scrip had outperformed the market in the one month to 28 February 2008, adding 5.83% as against the Sensex's 0.37% rise. It had, however, underperformed the market in the past three months, falling 33.83% against the Sensex's 7.95% slide. The state-run term lending institution has an equity capital of Rs 763.73 crore. Face value per share is Rs 10. At the current price of Rs 64.90, the scrip trades at a PE multiple of 3.24, based on Q3 December 2007 annualised...

capital good sector, banking, infrastructure stocks should do well.     HCC, HIND DOR, IHP, REVATHI EQUIPMENTS, ION EXCHANGE, MATHER PUMPS, JMC PROJECTS,PRATIBHA IND, SUPREME INDUSTRY ( HIGHER PROVISION FOR AGRI SECTOR ), GARWARE WALL ROPE, ATLAS COPCO,RPL, BARTRONICKS LTD, KALPATARU POWER,SANGHVI MOVERS,SHOULD DO WELL .   banking sector: dena bank, idbi, ICICI BANK, IFCI, CANARA BANK   capital goods: L&T, BHEL   STEEL SECTOR LIKE TISCO, SAIL, RAMSARUP, SESA GOA  SHOULD DO  VERY WELL.  

NEW DELHI: Seven Indian firms, including Reliance Industries and Reliance Capital from the two Ambani groups , have been named among Asia Pacific's 20 best companies in terms of expected investor returns over next five years. The list titled "Tomorrow's Winners" prepared by global investment banking giant Morgan Stanley also includes telecom major Bharti Airtel, engineering and construction major Larsen & Toubro, Kishore Biyani-led Pantaloon Retail, infrastructure company IDFC and real estate firm Sobha Developers. "Of the companies selected, more than half are listed in either China or India. Many of these are capitalising on major secular trends, such as infrastructure investment and per capita consumption growth," Morgan Stanley said in a report. "The rapid growth of Asian markets, India and China in particular, has led to an unparallelled focus on the region and its businesses," it said, adding that these are the compan...

i recommend a buy in Power Grid Corporation of India from a short-term perspective. It is evident from the charts of the company that the stock has been on an intermediate-term downtrend from its 52-week high of Rs 167 marked on November 19, 2007. However, the stock found support at around Rs 95 recently and bounced off. The positive divergence in the daily momentum indicator supports the stock's recent bounce. Following this, the stock breached the medium-term down trendline, which is drawn from the January peak of Rs 155. On February 27, the stock gained momentum by surging more then 5 per cent on good volume. The stock is currently trading well above the 21-day moving average. The daily momentum indicator is rising in the neutral region towards the bullish territory. Our short-term outlook for the stock is bullish and we expect the stock to move up to our target price level of Rs 123 in the upcoming days. Investors with a short-term perspective can buy the stock wh...