Beyond Basics

Future Growth Areas - Indian Stocks

2008-08-15T00:01:00.000-07:00

Short term Outlook for India is bad as for as annual returns are concerned. Inflation is sky high , growth is slowing down , interest has started inching upwards giving pinch to consumers in every price band.

Currently inflation is 6-7% higher than last year and 2-3 times higher than cushion level of R.B.I.

Though the cyclic up-downs will continue to happen, promising themes will keep emerging which will provide huge growth and fuel Indian Economy.

Following themes can emerge as winners.

1. Aviation/Defence -
Indian Military yesterdat got its first Hawk (AJT) built by HAL . Technology transfers and localization promises a lot for Indian Manufacture. This will help us developing Defence Aviation industry. Component Manufactures will gain immensely. New bidding process require that the supplier honour a 50% offset clause, or source 50% of the components required to complete the order, by value, from domestic manufacturers.

Indian companies have to build capacity to absorb such huge offset work which would be coming to them.
Larsen and Toubro Ltd (L&T) which is India's largest Capital Goods and Infrastructure firm plans to bid for the order to the company winning the MMRCA(medium multi-role combat aircraft) contract of about 10 billion dollars.

The MMRCA deal involves buying 18 aircraft from the seller and manufacturing 108 under licence by 2012.

2. Energy and Power

India has a huge power deficit and demand for power is going to grow substantially. Many power projects are going to come up to scale up the supply. UMPP has been introduced through Electricity Act 2003.

Gas and Oil Finds in East Coast would provide much relief to energy hungry country benefiting fertilizer,power and other industries. It will also help reduce forex outflow.

3. Infrastructure

This theme is being played for last 2-3 years and will continue for some more years. If India has to grow it has to build huge infrastructure in every field - roads, ports, airports, power, oil/gas, housing, malls etc.

4. Nuclear Power
Power generation, equipment and capital goods manufacturers are very optimistic of Indo nuclear civilian deal.
They are hoping that components for the new nuclear deal will be manufacture locally and initially by serving foreign nuclear manufacturer, they will become supplier and become part of the supply chain eventually.

Oil Marketing Companies

2008-05-31T10:13:00.000-07:00

Price Hike!! Price Hike!! Price Hike!!

No decision yet taken by the government readying itself for upcoming elections. These companies have already taken huge losses.

We have seen strength in these companies last 1-2 weeks in hope of price hike.

I wonder how much these companies can gain given the fact that hike will only reduce their losses but not make them profitable. Gods knowns what will happen to already incurred loss.

Oils bonds are helping them partially but thats a sad story for common man because these bonds are just postponing the disaster.

Banking Space

2008-05-31T10:10:00.001-07:00

Banking stocks are coming under hammer for quite a few days.

Sbi and ICICI are touching new lows everyday. With inflation soaring high and oil price on the anvil its a difficult phase for them.

With liquidity crunch, high interest rate , low credit offtake coupled with slowing economy banks are facing moderation in their earnings.

We have to wait and watch , and enter the stock at right time.

Larsen & Toubro

2008-05-31T10:06:00.000-07:00

L&T gave the robust fourth quarter results with net up 38%. It has also announced a bonus of 1:1 . This is the second one in 2 years.

It has moved up sharply for last 2 days. Hope it helps in reviving the sentiments in the capital goods space.

Apart from the diverse operations, it is now eyeing JV with Indian Railways.

Last month it hived off RMC business stating it as non - core and made a cool profit.

Mark to Market loss is partially recovered and hope to square off soon.

After long time

2008-03-01T09:49:00.001-08:00

Sorry for not posting anything for a very long time. Truly I was really busy with my office work.
Hope to get sometime to devote here :-)

Budget is out and congrats everyone who has benefited from the tax exemptions. People in IT industry gearing up for lower salary hikes can get a little cushion from this exemption.

Short Term Capital gains tax has increased from 10 to 15%. Hope this helps in people investing for a longer time to avoid this tax.
But I doubt this will happen because of human tendency of earning faster without patience.

In current scenario that might happen because people are just holding on to recover their losses and not sell stocks at loss.

Most of you would have done your tax savings for this year.

Markets are volatile for past 1 month and half. Instead of avoiding the stock market completely people should continue investing in smaller amount and build a good portfolio for 2-3 years time frame.

Lot of stocks are available at attractive valuations.

Do you homework and be on track of your financial planning.

Happy Investing :-)

Cement and Steel Sector

2008-02-10T06:36:00.000-08:00

Cement and Steel Sector

Both these sectors can outperform index in 2008.

Companies having backward integration with raw materials in Steel industry are set to benefit .

Steel prices are rising and will rise more in 2008. Raw material prices are also on the rise.

Biggest consumer China has also seen production cost go up significantly.

Indian Steel demand is robust and focus on infrastructure will keep it that way.

Gujrat NRE coke,sesa goa, Tata steel looks good in this sector.

Cement sector is going in for huge expansion to cope up with the demand, but the new capacities will start coming in from first quarter of FY09. Demand and price realization will remain firm in these scenarios. Some government has tried to curb the price rise in cement saying they will import cheap cement from outside. But cement prices are high across asia and so poses no immediate threat to local cement makers.

Till the monsoon kicks in around june-july. These 2 quarters can see huge construction activity.

India Cements, Grasim Industries , Shree Cements looks good if one want to enter this sector.

Value Buying in GE Shipping

2008-02-06T03:18:00.000-08:00

Through mail from Abhay.

CMP 437
P/E 5.17
Market cap 6654.37
MarketCap/Sales 2.20

Financials for last 12 months( Jan 07 to Dec 07)

Net Sales 3012.13(2186.31) Up by 37.74%
Net profit 1298.31(825.91) Up by 57.19%
EPS 84.86(54.24) Up by 56.45%

Other players in this segment with their net sales for FY07 (i didn't calculate last 12 months sales for all) & their P/E

Company NetSales NetProfit MarketCap current P/E

ABG Shipyard 704.36 116.29 3717.29 25.06
Essar shipping 1024.30 134.04 10,227.98 60.45
GE Shipping 1990.6 883.31 6646 5.12
Shipping corp 3703.44 1014.58 6405.44 7.54
Among these companies only ABG shipyard is growing at faster rate but on smaller base & has P/E of 25.06 almost 5 times that of GE. Shipping corp also looks cheap but growth has been slow compared to its peers.
MarketCap/Sales ratio of 2.2 & P/E of 5.12 with potential growth of 50% plus makes it very cheap.
Also after the fall in stock price in January it has shown momentum back from 330 levels.

Stock News

2008-02-04T12:04:00.000-08:00

Jindal Saw bags Cairn Energy order worth $200m for pipes

Jindal Saw gets Rs 200 crore power project contract

After saw pipes Jindal saw betting on infrastructure for growth.

Punj Lloyd tripped for past few days after heavy unwinding of position by a big broker.Stock to rise soon.

GMR Infra

GMR Group’s Vemagiri power plant will become operational this month.

Hyderabad Airport to be operational by March 08: GMR

Stock will retest it previous highs in 2-3 months.

Chattisgarh to become powe hub of the country. With 40 power plants planned with investment commitment worth Rs 1,58,000 crore. This will help add 39,500 mw in next 8 years.

Lessons learned

2008-02-01T11:06:00.000-08:00

Current market turmoil as given lot of lesson to the investors new to the market.
People who were used to get returns just by investing blindly in the market past year have burnt their fingers recently.
Now people should stick to stocks which are fundamentally strong and should stay away from momentum stocks.
Fundamentally strong company can loose a little value in this kind of blood bath but they still retain their inherent value and will have premium in good markets.
We now have huge interest rate differential with US which is around 4.75%. We have to see its impact on capital inflow, dollar depreciation , industries affected, inflation because of inflows and RBI moves because of all these events.

Status quo by RBI recently has not been favorably received by most of the industry.

Indian stock market is at attractive levels now and should do well in coming years based on the growth estimates. Investors have to settle for lesser returns from past years but still it will be better than the traditional saving instruments.

The most important lesson which I have learnt is we always need to keep certain amount of cash aside. When market falls money not invested retains it value and gives you huge leverage when you can buy stocks when they are available at throw away prices.

If you are always 100% invested with all the money you have then when market falls you don't have dough/capital to use the opportunity knocking your door.

It can make huge difference if you buy in the depressed market condition.Though everyone is panicking , if you can hold your sentiments and invest wisely you can gain immensely.

1. Keep at least 15% of liquid cash to cash in on the market opportunities.
2. Buy and increase your holding in value stocks.
3. Always book profit in momentum stocks when market peaks and show sign of weakness.
4. Don't play on margins when market is in turmoil.
5. Don't over leverage.
6. Play only on cash. Don't risk more than you can afford.
7. Buy tax saving instruments when markets are on high and you don't have any alternative. Don't wait for January or February.
8. Buy equity when markets are at there lows.
9. Don't gamble play informed.
10. Don't panic and never loose. Don't convert winning stock into a loosing one.

Bottom fishing in MFs

2008-01-28T11:02:00.000-08:00

In the recent market turmoil MFs have not been spared. In absence of FIIs buying, MFs and local institution has tried their bit.

Funds who were top performer for past few years have taken quite a beating. Most of them are some where close to 15-20%.

Here is the list of few funds for your shopping list. If you missed the train earlier here is the chance to catch it from long term perspective.

MF NAVs	52-wk	Current	% Change

Rel NRI Eq	40.1	33.8	-15.7107

Kotak Opp	56.3	48.09	-14.5826

DSP ML Tiger	62.4	52.38	-16.0577

Rel Growth	491	401.79	-18.169

ING Dom Opp	44.9	38.24	-14.833

UTI Infra	50.7	42.8	-15.5819

Sundaram Mid	155.4	125.38	-19.3179

Magnum Contra	64	53.63	-16.2031

Magnum Global	70.4	57.52	-18.2955

JM Basic	40.8	34.08	-16.4706

JM Emerging	20.7	16.93	-18.2126

Rel Diver	87.7	74.84	-14.6636

Heard on the Street

2008-01-24T02:11:00.000-08:00

Fed Rate Cut Happend on Tuesday Night: Good For Market

RBI Rate Cut Expected on Next 10 Days: Good For Market

Next Fed Rate Cut Expected on Next 10 Days: Good For Market

I am BULLISH!
I am BULLISH!
I am BULLISH!!!
I am BULLISH!!!!!!
I am BULLISH!!!!!!!!!!!!

But Still a word of Caution Came from Some Informed Circles still Believe that the Market can test the 15k level in next 15 days....

A good option to Hedge your Portfolio to any Risk of a Market Crashis to BUY a Put Option of some Highly volatile stock such as ISPAT, JP Hydro, Nagarjuna Fertilizer, RNRL or ADLABS.

BHEL and L&T news snippet

2008-01-23T10:39:00.000-08:00

Just In - BHEL bags order of Rs 2500 cr for Tamil Nadu power plant.
Equipment major Bharat Heavy Electricals Ltd (BHEL) on Tuesday said it has bagged a Rs 866-crore order from Reliance Industries for setting up a 345-MW captive power plant in Maharashtra.
This is the first commercial order on BHEL for an ‘advanced-class Frame 9FA’ gas turbine and will open up a new line of business for the company.

BHEL is currently quoting at 2148

L&T has bagged order worth Rs 1,057 crore in Middle East.
L&T may form a JV with US arms major Lockheed Martin to develop Mark 41 Vertical Launching Systems in India.
L&T gets Bhel-like privileges, may power super-critical drive.Private sector engineering major L&T is being officially promoted as the Bhel-II

L&T is currently quoting at 3751

Keep Calm

2008-01-22T10:46:00.000-08:00

TRANQUILITY

This picture is exact opposite of what is happening in financial markets recently.

Are you still feeling jitters?? I think we should stay calm and do not panic. If you are in market for a long term then what happened currently is mostly notional loss from notional profits. Panic can make you take decisions which you might not otherwise. If you are staring at your losses then don't worry everyone else has lost too....

You are not alone and misery likes company.....

If you were trading on margins or were in derivatives trade. I must say beware and hold your hands for sometime till the market rationalize because as we have the famous saying....

"Markets can remain irrational longer than you can remain solvent"

Yes I didn't post anything for past 2 days and that was purposeful. I don't think anyone was interested in hearing any gyan :-) and even I was confused what to write :D

The stocks which everyone was recommending when indexes were at 21000( and I am talking about pure fundamental stocks and not the momentum plays...) still remains a good buy.

Yes there will be some moderation in gains but there will be gains. Fundamentally nothing has changed.
India is growing and it will be reflected in the companies which are working to make that happen.
Various central banks are coming out to help the markets. Fed has already cut rate by 75bps.

I am no one to advice but I think sticking with frontline large caps will be best bet.

And as a closing statement I would like to quote Mr Warren Buffet who says

"Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years"

If you think for few minutes you would certain find few gems in the market which falls into that category.

Mutual Fund Investment Options

2008-01-20T05:29:00.000-08:00

In the previous article we discussed about the basics of mutual fund and the types of mutual fund available.

Here we will discuss about the investment options available while buying a particular mutual funds.

Once you have decided on which fund to buy, you may have the option to choose between the following options

Growth
Dividend
Dividend Reinvestment.

Sometimes people ignore the importance of choosing right kind of option and choose arbitrarily any one of them.

So now question comes as to which options is best to invest in...Frankly there is no fixed answer. Because choosing the correct option is based on the individual needs and also on the prevailing tax laws in the country.

Growth Option -Under this option no dividend is declared and your investment change according to the change in NAV. You will be taxed on the gain based on when you sell your units. If you sell your units after 1 year no tax is cut. Otherwise you have to pay short term capital gains tax.

Dividend Option- Under this option fund sometime declare dividend when they have surplus money.
This dividend is totally tax free whether given after 1 year or within 1 year. So returns on your investment within 1 year also becomes totally tax free. When dividend is provided NAV of the fund falls in equivalent amount.
Since there is regular payout, it can be considered as regular profit booking to reduce impact of market fluctuations.

Dividend Reinvestment Option - Tax free dividend declared by the fund is reinvested in the same fund or different fund of same AMC on a particular day set. Timing of the market may not be always favorable.

Current Scenario ..
-->Debt Funds currently attracts Dividend Distribution tax and Equity Funds are exempted currently.
-->Long term capital gain(Sale after 1 year) is fully exempted for growth schemes.
-->Short term capital gain is taxed.
--> Currently in absence of dividend distribution tax on equity-based funds and no long-term capital gains tax, there is absolutely no difference between the Growth option and the Dividend Reinvestment option

Impact of Tax Changes ...
--> If dividend distribution tax is reintroduced then growth option would be better than dividend reinvestment.
--> If Long term capital gain tax is introduced then dividend reinvestment would prove better than growth option.

Hope after reading this you will have better understanding of which option to choose according to your needs and prevailing tax laws.

This article was part II of the previous article posted on mutual fund...Read previous article here....

To know more in details about these options read the following 2 articles which explains in detail about these options.

Growth or Dividend - How to make the right choice?

Dividend Reinvestment v/s Growth – Let your taxes decide

Mutual Funds Demystified...

2008-01-20T03:50:00.000-08:00

A mutual fund is a professionally-managed form of collective investments that pools money from many investors and invests it in stocks, bonds, short-term money market instruments, and/or other securities. In a mutual fund, the fund manager, who is also known as the portfolio manager, trades the fund's underlying securities, realizing capital gains or losses, and collects the dividend or interest income.

The investment proceeds are then passed along to the individual investors. The value of a share of the mutual fund, known as the net asset value per share (NAV), is calculated daily based on the total value of the fund divided by the number of shares currently issued and outstanding.
[source: wikipedia]

Mutual Funds come in various hues and colors. They can be catorized on various basis.

Mutual Funds can be categorized by their structure.

Open Ended
Closed Ended
Interval

They can be categorized by their investment objective.

Equity Scheme
Debt Schemes
Growth Scheme
Balanced Scheme
Income Scheme
Money Market Scheme
Tax-Saving Scheme
Sectoral(Industry Specific) or Thematic Scheme
Index Scheme
and so on to list a few.......

and they can also be categorized into investment options

Growth
Bonus
Dividend
Dividend Reinvestment

We will discuss each one of them so that it helps you in choosing and picking right fund according to your investment objective.
-----------------------------------------------------------------------------------------------------------
1. By Structure

Open Ended Scheme doesn't have a fixed maturity and are available for sale and repurchase on any business day. These schemes are highly liquid and have become very popular.

Closed Ended Schemes comes with a fixed maturity period and are launched with an Initial Pulbic Offer(or New Fund Offer), Investor can buy and sell once they are listed.
Closed-ended schemes are usually more illiquid as compared to open-ended schemes and hence trade at a discount to the NAV. This discount tends towards the NAV closer to the maturity date of the scheme.

Interval Schemes are combination of open and closed schemes, they can be traded or might be open for sale or repurchase.
---------------------------------------------------------------------------------------------------------
So now we can discuss the schemes with their
2. Investment objectives

Equity Schemes are also known as growth schemes and aims to provide capital appreciation over a period of time. These schemes invest majority of their funds in Equity and small portion in debt or money market instruments. These schemes are not for investor seeking regular income.
They are ideal for investors who have a long-term investment horizon.

Balanced Schemes are for the investor seeking both income and moderate growth. They invest both in shares and fixed income securities. They regularly distribute part of their income and capital gains. They are safe from huge market fluctuation because part money is invested in fixed income, so when market rise they don't rise as much, but when market fall it protects you from steep fall.

Tax Saving Schemes also known ELSS ( Equity Linked Saving Schemes) comes with a lock in period of 3 years where units purchased cannot be assigned / transferred/ pledged / redeemed / switched. These schemes are promoted to encourage individuals to save and invest in equities. They offer tax rebates and are good for investor seeking tax exemption under section 88.

Sectoral or thematic funds invest in a particular sector as defined in their investment objective. They tend to outperform if the sector is showing relative growth than the overall market. But these products are also risky because they are not diversified and weightage is given on a particular sector or industry. Recently Infrastructure, power and real estate funds have become very popular.

Index Schemes are schemes which aims to provide the returns equivalent of a particular index of an exchange. Some investors are interested in getting returns equivalent of the market and not of an particular sectors.
Index schemes are some times unmanaged schemes as they don't churn their portfolio and just try to perform equivalent to the index.

Money Market Schemes are for investors who wants to park their surplus money for a short period of time. These schemes provide moderate income with safety of invested capital. These schemes invest in gilts, inter bank call money, deposit certificate, commercial papers etc...
----------------------------------------------------------------------------------------------------------------

Next we need to discuss the schemes based on investment options. This can be a bit interesting topic because investor normally spend lot of time selecting a particular fund house and then a particular scheme in it, but once they have decided on the fund, they tend to ignore the investment option or sometime it is totally arbitrary or on the whims of the agent.

So I will take up the discussion on the mutual fund investment option in the part II of this article which will be published soon.

Double Edged Sword

2008-01-19T11:11:00.000-08:00

The current turmoil in the dalal street is attributed to various factors acting in the stock market.

Global slowdown theory.
FII pulling out the money.
Liquidity crunch due to huge IPOs and oversubscription on top of it.
Valuations over stretched, with long bull market.

Historically good month for the market "January" has not been so good this time.

Currently on Retail participants are allowed to short sell. The market regulator SEBI( The Securities and Exchange Board of India) had banned short selling by institutional investors in 2001 following a stock scam. Till now, only retail investors are allowed to sell short, which means selling securities that the seller does not hold at the time of trade.

Earlier RBI has allowed foreign institutional investor to short sell and now SEBI will allow all categories of investors be it FII, Local Institutional Investors, Mutual Funds,Retail to short sell.
Short sell allows price discovery of a stock. Though this is a positive move and will add to the liquidity and depth of the market, it is yet to be seen whether it will tame the irrational rise/fall in the market.

Investors should be ready for this double edged sword, one the existing global and local scenarios and another the short selling which will unravel itself from 1st of February.

Punj Lloyd News

2008-01-17T21:12:00.000-08:00

Pipavav Shipyard has filed DHRP with Sebi. Planning to raise 200 million dollars.

Punj Lloyd has 25% stake in Pipavav shipyard. Punj LLoyd stake valued at $450 million.

Punj LLoyd is up 2% after this news.

Punj Lloyd is our favorite stock and you can see various articles posted about it on our blog.

http://beyond-basics.blogspot.com/2007/11/stock-pic-from-engineering-infra-space.html

http://beyond-basics.blogspot.com/2007/12/punj-lloyd-research-report.html

Reliance Power IPO Subscription

2008-01-17T12:42:00.000-08:00

Reliance Power IPO Subscribed 9 times in Retail Category by EOD 17 Jan.

Indian Entertainment and Media Sector

2008-01-17T11:45:00.000-08:00

Entertainment and Media Sector Overview

Entertainment and Media is going through a very exicting times. With challenges it is providing huge growth oppurtunities.

New technologies are evolving and convergence is the new buzz word.

This sectory comprises of various stake holders including Films, Television, Print,radio, music,mobile,Internet,studios,gaming,
animation,advertising,IPTV, DTH,

Mobile TV,content provider(Value added service, mobile money transfer),
production and distribution, multiplexes etc,etc.....

Indian film community has recieved industry status. Estimated at 4 billion dollar by 2011.

The whole sector is growing around an average of about 20% annually with Internet advertising showing highest growth of 40%.

Increased FDI limit is also providing boost to the industry.

Convergence of various entertainment platform will require more collaboration between various stake holders. Existing players are trying to gain foothold in whole value chain.

Eg : - ADAG :- Already in film production,distribution, multiplexes, radio, internet gaming etc...

Network 18 group :- stakes in various news channel, various websites and web content provider, internet advertising, JV with jagran prakashan for print media, Yellow Pages business etc.

With so much interest and huge investment flowing in this sector will be growing more than the Indian GDP.

Some Interesting Read :-
Industry Overview

Entertainment & media sector to grow 137% by 2010 : FICCI in news

Media and Entertainment

Previous Posts on Sectoral Overview :-

Infrastructure Funds and Sector Overview

Medical Tourism in India

Seamless Pipes Global Industry Scenario

JP Hydro Out of F&O Curb

2008-01-17T11:14:00.000-08:00

Due to unwinding of some Open Interest in JP Hydro, FnO ban have been lifted from the Underlying.

Good News for HFCL : merger with Datacom

2008-01-17T02:51:00.000-08:00

DataCom which has got spectrum might be merged with HFCL Infotel.

After long time HFCL was not on lower circuit. It might start its upward journey.

Check this news

Stock News

2008-01-16T21:03:00.000-08:00

Indian Stock Market News

BHEL :- It is getting hammered severely and has gone below 2300. It is becoming more attractive on every fall. Fundamentally very good long term play.
After sigining MOU with TN govt for power projects ,Bhel has begun negotiations to set up joint ventures with state government institutions in Maharashtra, Orissa and Uttar Pradesh, which will not only generate steady orders for the firm but potentially block out emerging rivals.

Bhel keep receiving flak for delays in power projects, but it has plans for new plants which will eventually improve the capacity.

BHEL is eyeing thaw in its relationship with NTPC. They have entered into joint venture for producing capital goods and NTPC may give nod to buy super critical boilers from BHEL instead of competitive bids.

RIL :- Reliance Industries may post more than 1 billion dollars of profit with quarter. May hive of E&P division and then Reliance Retail.

GMR , Reliance Energy and total 23 bidders have bid for amritsar airport modernization project.

ADAG :- After acquiring Adlabs, 10% stake in INOX is heavily bullish on Media and Entertainment space.Reliance Entertainment has acquired 250 cinema houses in the US. The company has plans to make 25-30 films all of which will go into production this year. Zapak.com is also ADAG group company.

Thought of the Day

2008-01-16T11:20:00.000-08:00

The safe way to double your money is to fold it over once and put it in your pocket.

Stocks under F&O Curb

2008-01-16T10:16:00.000-08:00

Following scrips are under ban because they have crossed 95% market wide position. FnO Curb (banned) Data as of 17th Jan 2008

Sr.No.	Symbol
1	ADLABSFILM
2	BINDALAGRO
3	ESSAROIL
4	GMRINFRA
5	IFCI
6	ISPATIND
7	IVRPRIME
8	JPHYDRO
9	ORCHIDCHEM
10	PARSVNATH
11	RAJESHEXPO
12	RPL

Source NSE India.

1	Mutual Funds Demystified
2	Indian Entertainment and Media Sector
3	Infrastructure Funds and Sector Overview
4	Y Derivatives??
5	Beyond Equity Trading -- Derivative Basics
6	Medical Tourism in India
7	Sharing what God has given us
8	Money As Debt
9	Bangalore Property
10	Lucky 7
11	Delayed Gratification
12	Kaun banega crorepati!!
13	Indian Story
14	The Art of Converting Notional Gain to Notional Loss

Beyond Basics

Future Growth Areas - Indian Stocks

Oil Marketing Companies

Banking Space

Larsen & Toubro

After long time

Cement and Steel Sector

Value Buying in GE Shipping

Stock News

Lessons learned

Bottom fishing in MFs

Heard on the Street

BHEL and L&T news snippet

Keep Calm

Mutual Fund Investment Options

Popular Articles

Mutual Funds Demystified...

Double Edged Sword

Punj Lloyd News

Reliance Power IPO Subscription

Indian Entertainment and Media Sector

JP Hydro Out of F&O Curb

Good News for HFCL : merger with Datacom

Stock News

Thought of the Day

Stocks under F&O Curb