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Business Standard | Markets & Investing | All
  • JV break-up a near-term pain for both
    The markets in general and auto stocks in particular may have seen some gains in the recent past. But the Hero Honda stock is down six per cent over the last one week and over 15 per cent down over the last one month. The Street is worried about reports that Honda, the Japanese joint venture (JV) partner, may sell its stake in the company and exit to focus on its 100 per cent owned Indian subsidiary, Honda Motorcycles and Scooters India (HMSI).

  • Road sector: In the fast lane
    Activity in the road sector is picking up after a slow start in 2008-09, when the National Highways Authority of India (NHAI) awarded only 643 km of new projects. While 2009-10 saw projects for 3,361 km of roads being awarded, the government is now looking at disbursing up to 18,000 km of new road projects in the current as well as the next financial year.

  • Overseas demand may push jeera prices up by 10%
    Emerging demand from neighbouring countries including Bangladesh and Pakistan is likely to push cuminseed (jeera) prices up by at least 10 per cent this month.

  • Excess rain likely to drive up cotton prices
    The escalating cotton prices in the Indian market might surge further as a result of delayed crop maturity due to the extended monsoon.

  • Despite storage shortages, FCI sticks to rice buy target
    This means less will be left for the open market, which may trigger a rise in prices.

  • Analyst's corner
    The Supreme Court of Israel has ruled in favour of Sun Pharma in the Taro case. The company will now move ahead with its plan to integrate Taro. Taros US business has substantial synergies with Sun Pharmas US business in terms of the product portfolio as well as the customer access. Taros unaudited financials show an improvement; as OPMs have moved from negative 28 per cent in CY06 to positive 18 per cent driven by improvement in selling, general and administration expenses. Pinc awaits audited numbers before including Taro in the estimates. With the base business in US under pressure due to the ongoing issues with the US FDA there is little margin of safety at current valuations of 23 times 2011-12 recurring earnings' estimates. Maintain sell.

  • Trading desk
    The scrip seems to have made an upwards breakout on high volumes. It has the momentum to touch Rs 79-80 on the upside. Keep a stop at Rs 74.5 and go long.

  • Oil, healthcare likely to outperform
    Four weeks ago, we had talked about BSE Metals as the top potential outperformer. The BSE Metals has moved up from the worst numeric relative rankings among 12 to nine. Since these relative rankings are benchmarked to the Indian rupee, the sector delivered absolute gains because the rupee remained stagnant over the last few weeks. We can clearly see BSE Metals outperforming and retesting previous minor highs at 15,900 levels.

  • Financial Planning: Gaurav Mashruwala
    I am 25 years old. I work as an assistant director for film projects. My income depends on the project I am working on. For instance, I earn Rs 45,000 a month while working on a film, but made just Rs 25,000 last month while working on an advertisement. I am planning to get married next year and spend Rs 4-5 lakh for the same. I will use my savings of Rs 2 lakh. The rest will be borne by my parents. After marriage, I plan to buy a house worth Rs 20-25 lakh through a home loan. I want to build a corpus as a back-up for repaying the loan. My expected monthly expenses after marriage will be Rs 25,000-30,000. My fianc is working as an intern and earns Rs 12,000 a month.

  • Punters push up food stocks, anticipate rise in demand
    The share prices of all mid-cap and small-cap domestic food processing companies have been rising.

  • Gold surges to all-time high on festive demand
    Gold prices scaled to a new peak of 19,470 per 10 gm in the national capital today on brisk buying by jewellers to meet festival and marriage season demand amid a firm global trend.

  • Comexes' turnover up 49% in August
    The turnover of 23 commodity bourses rose by 49.38 per cent to Rs 9,04,686 crore in August this year despite low business recorded during the month at the leading exchanges, MCX and NMCE, according to the Forward Markets Commission (FMC).

  • Consider taking a home loan now
    Makes sense to opt for fixed-cum-floating one, as rates are on an upward trend.

  • Trading on a 'swing'
    Swing-trading tries to identify changes in trends. The method was developed in the early 1900s by William D Gann. His original rules for identifying trend reversal points were simple and mechanical.

  • Aluminium makers oppose spot pricing of alumina
    Say long-term contracts provide price stability and acts as a hedge against sharp fluctuations.