I hope the weekend was nice with Diwali Shopping. Here is the technical analysis for Monday’s trading and ET’s stock recommendations in the Investor Guide.
Stop Losses are a Must. Happy Trading.
Month: October 2006
Bulls Eye, ET Investor’s Guide Monday 16-OCT-2006
According to Bull’s Eye Recommendations from ET OCT-16, Emkay Share is bullish on Tech Mahindra Limited and has put a 12 months price target of Rs852 with the company expected to grow at CAGR of 37% in the next 18 months.
ShareKhan has a BUY recommendation on South East Asia Marine Engg with a price target of Rs270. CMP is Rs207.
Merill Lynch has turned bearish on Hindustan Lever Limited and has put a SELL recommendation without any price target. Main concern being the high PE at which HLL is quoting 35XDec-2006 earnings and 30XDec-2007 earnings which is not justified to its projected growth rates.
HDFC Mutual Fund SIP Investment Update – Q3
I have been regularly updating the status of HDFC SIP Investments every quarter.
The markets were at a peak in March and bottomed out in June and are once again at the highest peak in the Indian history of stockmarkets now. I really hope you folks will stick to discplined SIP investments like I do 🙂
Here is an update of various HDFC Mutual Fund schemes at the end of Q3-2006.(Sept-2006)
SIP has always outperfored lumpsum investments. Check out for the performance of the following funds which I have been updating since last 6 months.
- HDFC Equity Fund Growth
- HDFC Top 200 Fund Growth
- HDFC Long Term Advantage Fund Growth
- HDFC TaxSaver Fund Growth
Report on the performance of the above four funds at end of Q1 and Q2 are made available.
Q1-2006 report is available here.
Q2-2006 report is available here.
Happy Investing!!! Questions and comments can be sent to ichetan AT GMAIL DOT COM
Indian Stock Markets Close at Record Highs
The benchmark of Indian Stock Market, 30 Shares BSE Sensitive Index closed at 12,736.42 a record high in the Indian history.
Just 5 months ago when the markets had crashed, many people said that India was headed towards a bear market and only, DalalStreet.Biz ruled out and we started BUYING at those attractive levels. Keep invested. You will see many more record levels. Valuations do justify earnings in most stocks(not all) and India is the last big emerging market the world will see. FIIs have pumped in $3 Billion since the June crash. One FII will sell while other will BUY, and according to me their will be more buyers than sellers and hence India may look overvalued at certain time, but stay invested.
Small investors, kindly take the Mutual Fund and SIP route to make money as it is currently tax free. Have a great weekend!
Crompton Greaves Bonus Issue
Crompton Greaves recommended issue of Bonus shares in the proportion of 2 new equity shares for every 5 equity shares, of Rs 2/- each, subject to approval of members in General Meeting and the Regulatory Authorities, as necessary.
The Extra Ordinary General Meeting of the Company, to seek members approval has been convened on November 23, 2006.
Dot Com Days are Back with Infosys – Results at a Glance.
Infosys announced its second quarter results for FY-2007.
Q2 revenues sequentially up by 14.5% QoQ. Total revenues expected to cross $3 Billion in fiscal 2007. Guidance revised upwards. Company to grow at 45%.
The company reported revenues of Rs3,451 crores and a net profit of Rs930 crores for the second quarter ending Sept-30-2006.
Indian Stocks, Infosys Results , Indian Q2 Earnings , Dalal Street