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Ask Mint | On Investments

Ask Mint | On Investments
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First Published: Mon, Mar 03 2008. 12 16 AM IST
Updated: Mon, Mar 03 2008. 12 16 AM IST
I hold shares in ACC (120 shares at an average price of Rs963), Omaxe (65 shares at Rs295), BEML (10 shares at Rs1,202.50), IndoTech (at Rs632.50), Texmaco (10 shares at Rs1,684), Tisco (50 shares at Rs777.35), HPCL (90 shares at Rs353.20), ONGC (45 shares at Rs1,227), Mundra SEZ (15 shares at Rs440), Reliance Communication Ltd (40 shares at Rs700.86), Brigade Enterprises (43 shares at Rs390) and Empee Dist (15 shares at Rs400). I can hold them for six-nine months if their future looks good. Please advise.
Your portfolio looks interesting as it covers a good number of industries and comprises blue-chip stocks. Since your holding capacity is six-nine months, I think you have a fair chance of decent returns on your investment. I would advise you to buy more of BEML Ltd, Tata Steel Ltd, Oil and Natural Gas Corp. Ltd and ACC Ltd at current levels. If you can, you may replace Brigade Enterprises Ltd and Empee Dist with Bank of India Ltd and Alok Industries Ltd.
I hold shares in physical form in Punsumi India Ltd (100 shares), Ishwar Medical Services Ltd (200 shares), Garware Nylon Ltd (100 shares), Vatsa Corp. Ltd (100 shares) and Orkay Silk Mills Ltd (100 shares). Do these companies exist?
Sushil Pacheria
Punsumi India was last traded on 31 January 2003 and no further information is available on the stock since then. However, you may contact the company at D-16 Meera Marg, Bani Park, Jaipur-302016. Telephone : 91-0141-2201115. Ishwar Medical Services was last traded on 16 October 2003 and since then there is no information on this company, while Vatsa Corp. is suspended for trading by the Bombay Stock Exchange.
Regarding Orkay Industries, the company was wound up as per orders passed on 6 February 1999 by the Bombay high court, following a writ petition filed by 26 creditor companies including Maharashtra Finance Co. alleging that Orkay is in default to pay them a loan amount of Rs30 crore.
I have invested about Rs80,000 in mutual funds last fiscal year, predominantly in the energy sector. I am looking for funds with high growth and other than the energy sector. I am comfortable with high risk at the moment. Kindly suggest some good funds.
Subhojit Ganguly
You may prefer to invest in Reliance Growth Fund-Growth, DSP Merrill Lynch–TIGER Fund, SBI Magnum Contra, Tata Infrastructure Fund and UTI Banking Sector Fund.
I am a former employee of Genpact and I hold some Genpact shares, which I got as an employee. The shares are listed on the New York Stock Exchange. When I approached a broker (ICICI Direct), it has asked me to go to an international broker to deal with the shares. Whom can I talk to?
Simar D. Singh
You may contact foreign banks such as HSBC or Citibank operating in India or their affiliate companies as they may help you in this case.
I had purchased 12 shares of Reliance Energy at 1,630 each and 75 shares of Reliance Power at 426 each. I am a short-term investor (two-three months). Tell me what to do with the shares.
Ankur Handa
 You may continue to hold Reliance Energy Ltd for at least three months, but you may book profits in Reliance Power Ltd on its next bounce.
I hold stakes in DCW (1,000 shares bought at Rs15.50 each), HDIL (50 shares at Rs625), GIPCO (300 shares at Rs103), Prism Cement (300 shares at Rs65), XL Tele (50 shares at Rs330), Sirpur Papers (150 shares at Rs103), SRF (150 shares at Rs135), Kamanwala Housing (100 shares at Rs223), Siemens (15 shares at Rs1,750) and Reliance Power (16 shares at Rs430 each in IPO). I require around Rs50,000 urgently. Which stock I can sell and which I can hold?
You may sell Kamanwala Housing as the stock is showing signs of consolidation, which may last for some time. In addition to this, you may also sell DCW Ltd as this is a momentum stock. However, you must note that this is not a recommendation in general, but has been worked out to meet your current needs.
I have a small number of shares in Subex System purchased at an average price of Rs575. Is there any hope of a rise in the current price of the stock?
The stock is in a down phase for some time and at least technically it is not showing signs of an immediate reversal of trend. If you are a long-term investor, you may hold this stock for three-six months as it may appreciate to Rs360-380 during this period and then you may take a fresh call on it , fundamentally and technically.
I hold of 500 shares of Aegis Chemicals Ltd with a joint holder who expired. These shares are in physical form and I don’t have a demat account since I don’t trade in shares. I also don’t have the details of this company. What should I do if I have to sell these shares, or keep 50% of them and sell the rest?
G.P. Brian
The company is now known as Aegis Logistics Ltd. For selling the stock, you need to get them dematerialized. If you do not have a demat account, you can open one easily. If you do not trade in stocks, you may close this account after your transaction.
I have 50 shares of Subex Azure at Rs422 each, 40 shares of GMR Industries at Rs195 each, 50 shares of Reliance Petro at Rs270 each and 200 shares of TTML at Rs63.25 each. I can hold them for six-eight months. Please advise. Also at what rate the bottom fishing is advisable?
Subex Azure Ltd, now known as Subex Ltd, is the only stock in your portfolio that might underperform the market. Rest all your stocks are likely to do well in the time frame mentioned by you. Regarding the bottom fishing, if you have the holding capacity, you may start bottom fishing in small lots from the later half of this week as I am seeing a rally in weeks ahead.
I bought 2,000 shares of Vatsa Corp., 200 shares of Bilaspur Castings and 100 shares of Srilakshmi Engineering in 1993-1995. But for the last six-seven years, I am not getting any information from these companies. Do they still exist?
Jyotirmoy Dutta
These stocks are not trading now. Vatsa Corp. Ltd was suspended by the stock exchange, while Bilaspur Castings Ltd was referred to the Board for Industrial and Financial Reconstruction in 1996 and there is no update since then. Srilakshmi Engineering Ltd was delisted.
Answers are based on a technical analysis of the markets and individual stocks. The views expressed on this page are not the newspaper’s opinion and are provided for information purposes by Vipul Verma. Readers are requested to do their own research before participating in stock markets. Neither the paper nor the information provider will be responsible for any outcome based on information provided here.
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First Published: Mon, Mar 03 2008. 12 16 AM IST
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