STOCKS


S Sathyanarayanan 15 July 2011
The Bombay Stock Exchange and the National Stock Exchange do not take into account holding companies and cross holdings while making index calculations. This introduces double counting which flaws the popular Nifty and Sensex indices A leading business newspaper recently pointed out that...

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The controversial company is now a playground for the punter, its shares often getting locked in the upper and lower circuit filters. Will SEBI continue to look the other way? SKS Microfinance, which had attracted a lot of bad press for its loan recovery tactics and the suicide deaths of...

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The controversial company is now a playground for the punter, its shares often getting locked in the upper and lower circuit filters. Will SEBI continue to look the other way? SKS Microfinance, which had attracted a lot of bad press for its loan recovery tactics and the suicide deaths of...

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How scamsters vanish, and make comebacks, but the market regulator will do nothing It can only happen in India. Companies that escaped punishment in older scams, continue to be involved in new mischief or dirty deals. Consider this. The Essar group has achieved the most amazing financial...

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Moneylife Digital Team 14 July 2011
AVT has a unique business. Wait for the price to cool off AVT Natural Products is a small dormant stock that suddenly started moving up sharply in mid-June—unfortunately, just around the time we stumbled upon its attractiveness. AVT Natural is into cultivation, harvesting, processing and...

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Moneylife Digital Team 14 July 2011
This is one of the cheapest multinational stocks Wyeth has gone through many avatars as Lederle Laboratories (India), Cyanamid India, a merger with Geoffrey Manners when the name was changed to Wyeth and, in 2009, Wyeth of USA merged with Wagner Acquisition, a wholly-owned subsidiary of...

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Banks are wasting money in non-productive accounts or micro-overdraft, giveaways that are ultimately paid out of taxpayers’ funds which they get in the form of recapitalisation It is over a year since the Customer Service Committee, headed by M Damodaran called for public suggestions but...

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BSE throws out RCom and RInfra from its elite index For decades, Dhirubhai Ambani was credited with single-handedly creating an equity cult in India. And, despite the fact that it has always been embroiled in controversy, the capital market and bourses were in awe of the Reliance group. All...

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Over the past 20 years Mumbai has suffered several terror attacks. Surprisingly, the market has been up the next day Terror attacks, as happened in three places in Mumbai on Wednesday evening, wreak havoc where they strike. Precious lives are lost and there is fear and panic. But as far the...

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Moneylife Digital Team 13 July 2011
Brokerages say the drop in volumes may be compensated by higher revenues on increased vehicle prices, but higher input costs may still pressure margins The automobiles business has been largely healthy in the first quarter of 2011-12, driven by strong growth in the two-wheeler segment which...

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Moneylife Digital Team 12 July 2011
Global markets slide on fears of debt default spreading to Italy, Spain; warning signals were available some months ago Global markets today suffered one of their worst beatings in recent months on mounting fears of a likely default by Greece and that the debt crisis is spreading to Italy...

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Moneylife Digital Team 12 July 2011
Brokerages say that the pharma sector that has usually been one of the better performers, is under various pressures of cost and competition which are expected to affect margins The pharmaceuticals business is among the sectors that are expected to do well in the first quarter of 2010-11,...

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Ratings agencies are an important source of information for investors. However, it is difficult to judge the accuracy of the information because while ratings agencies may have the capacity to run simulations on a given set of assumptions, they cannot be certain about the information given to...

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Moneylife Digital Team 07 July 2011
Yash Birla group company records 150% gains on listing day which comes as a surprise for an IPO that was ranked poorly Birla Pacific Medspa, a Yash Birla group company, was today listed at a premium on the Bombay Stock Exchange, and made gains all the way through trading to close at...

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Moneylife Digital Team 07 July 2011
Brokerages say banks are seeing a significant growth in funds mobilisation, but lower credit off-take; public sector lenders under strain from exposure to power utilities The banking sector is likely to have a lacklustre performance in the first quarter on account of dull domestic conditions...

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The confidence of investors seeking to participate in the vibrant growth of emerging market companies has been shaken by a spate of scandals in the US markets involving reverse mergers The American comedian Groucho Marx once said, "I don't want to belong to any club that will accept me as a...

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Moneylife Digital Team 30 June 2011
What is the past record after eight days of a continuous rally? The odds favour a rise The Nifty index closed today 47 points higher at 5,647, marking a consecutive rise for eight trading sessions in a row. The last time this feat was achieved was from 21st March to 31st March 2011, which...

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Moneylife Digital Team 30 June 2011
Despite an extremely favourable market situation in 2010-11, this government’s ambitious disinvestment programme did not succeed because a government of the ‘aam aadmi’ behaved like any other private sector issuer The government had fixed itself a disinvestment target of Rs40,000 crore for...

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Moneylife Digital Team 30 June 2011
One of the fastest-growing companies in the energy sector We had written about Petronet LNG in our Cover Story (Moneylife, 10 April 2008). At that time, the stock was trading at Rs64. It is currently trading at Rs137, handsomely outperforming the Sensex over this period. The stock is still a...

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Moneylife Digital Team 30 June 2011
Recommended thrice, Sabero just got taken over at a huge premium We first wrote about Sabero Organics Gujarat’s scrip in the issue dated 16 July 2009, when it was trading at Rs29.50. We had again mentioned the scrip in our issue dated 20 May 2010, when its price had risen by 181% since July...

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