STOCKS


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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Moneylife Digital Team 02 June 2011
The company offers a range of financial services to people residing in semi-urban and rural regions and it aims to build on this thrust in the near future Mahindra & Mahindra Financial Services (Mahindra Finance), promoted by Mahindra & Mahindra, offers a range of financial services to...

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Governments around the world, from Saudi Arabia and Indonesia to China and the United States, use subsidies to solve perceived social problems. By artificially warping demand, they change things not only in their economies, but also in others, often creating bubbles All investing concerns a...

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Moneylife Digital Team 26 May 2011
ICICIdirect research says that with stock prices having fallen significantly over the past few months, several firms that have pledged their shares would have to top up the margin requirements, failing which lenders could sell the shares leading to a further drop in prices The significant...

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Moneylife Digital Team 25 May 2011
Finally, the Nifty traded near its support of 5,300. A rally is possible on a close above 5,400 The market kept slipping as trade progressed on Wednesday, on dismal global cues and a decline in earnings by realty major DLF, which announced its results late yesterday. The Sensex and the...

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Moneylife Digital Team 24 May 2011
Expect an oversold bounce which may take Nifty to 5,450 The market which saw listless trade in the absence of any triggers, ended flat with a positive bias on Tuesday, reflecting the small gains accrued by Asian markets today. The Sensex and Nifty opened at 18,016 and 5,385,...

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Moneylife Digital Team 24 May 2011
A recent study reveals that fund managers have a bearish outlook for the equity market over the next three months. But most of them would rather retain their existing portfolio and not make any changes to their exposure to equities A recent survey has revealed that fund managers have a...

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Moneylife Digital Team 23 May 2011
The short-term support is at 5,300 on the Nifty |The market traded lower, tracking weak Asian markets in morning trade. The decline, after two days of gains, was on account of the ongoing debt crisis in Europe and news that a ministerial panel is likely to meet this week to decide on...

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Renationalisation is about bureaucratic ambitions and greed; often political ambitions are also involved I was doing research for my new book and I came across the following quotation. The article was written for The Economist in 2007, but the sentiment is quite common. According to The Economist,...

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