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Ask Mint | On Investments

Ask Mint | On Investments
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First Published: Mon, Apr 07 2008. 12 18 AM IST
Updated: Mon, Apr 07 2008. 12 18 AM IST
My portfolio is as follows:
200 shares of IFCI at Rs59.80 each, 16 shares of Reliance Power Ltd at Rs435, 100 shares of RPL at Rs164.88, 50 shares of Suzlon Energy Rs315 and 20 shares of Patel Engineering at Rs765.60. I also have 2,500 units of Reliance NRF at Rs 10 and 242 units of Reliance Power at Rs 71.4. Please advise me what should be my ideal course of action in the future. I am not planning to put in any money in the market at present.
Mayank Choubey
Since you do not intend to put in any money, there is no question of buying at declines to average out your portfolio. Moreover, it does not make any sense to sell around these levels also as markets are likely to start recovering in future. So ideally, you should hold your portfolio for a period of one year for return on your investment.
I hold 136 shares of GMR Infrastructure Ltd at Rs 180 each, 16 of DLF Ltd at Rs890, 512 shares of Nagarjuna Fertilizers and Chemicals Ltd at Rs42 and 132 shares of Reliance Power at Rs350. Shall I keep them or sell them, what is your suggestion.
Devuni Swetha
 You may buy more of GMR Infrastructure Ltd if it falls to build up your portfolio. You should hold DLF at this level since the stocks might underperform the market in view of  likely tightening of monetary policy, but the stock may do well in the second half of this year. Nagarjuna Fertilizers is a momentum stock and I would not recommend any accumulation of this stocks, so simply hold it with a time frame of 6-12 months.
You may sell Reliance Power Ltd around Rs375-389, whenever you get these levels in short term, and invest your money in other good stocks.
 So far I have invested money in initial public offerings. Now I want to invest in the secondary market. While investing, where can I find minimum and maximum quantity of shares that can be purchased for a particular company?
Vijay
You should define the purpose of your investment in stocks, if it is just an investment in stock markets for making money, you can buy any quantity that is available.
However, if your purpose of investment is takeover of a company, then there are some rules and regulations for that.
 I hold 200 shares of Prag Bosimi Synthetics Ltd in demat form and  1,500 shares of Hamco Mining and Smelting Ltd and 100 shares of Jayant Vitamins Ltd in physical form. I do not know whether these firms are still active. Could you please guide me as to what I should do in respect of these shares?
N.K.Iyer
 Prag Bosimi is currently trading on bourses for Rs5.25. While Hamco Mining was wound up on 18 June 2004 and thus, does not exist anymore. While Jayant Vitamins was delisted from the Bombay Stock Exchange (BSE) on 2 July 2004 and should still be alive. You may contact Jayant Vitamins for further details.
 I have 1,775  shares of Ispat Industries Ltd at Rs50. I can hold them up to June- end. What do you suggest?
Awlok Singh
 You should hold the stock at current levels.
 I hold shares of PAL Peugeot Ltd, TECIL Chemical and Hydro Power Ltd and Rajasthan Breweries Ltd. I have not  received any communication from these companies. Do these companies still function? I shall be thankful to you if you provide me their contact addresses.
Santosh Arora
 PAL Peugeot Ltd is suspended by the Bombay Stock Exchange (BSE). Its registered address is Jeevan Deep Building, 10 Parliament Street, New Delhi, Pincode 110001. TECIL Chemicals and Power Ltd is also suspended by BSE and as per information available, its address and contact information is district Kottayam, Chingavanam. Pincode 686531 – Kerala. Phone: 0481- 2430472/ 2432369. Rajasthan Breweries Ltd has been delisted from BSE since 20 April 2004 and you may reach this company at 111 KM, Delhi-Jaipur Highway, Shahjahanpur, Tehsil Bahrur, Alwar-301706, Rajasthan.
 I have a few certificates of shares of Tropical Plantations Ltd, whose address is: Telegraph Office Road, Post Box 4, Kottayam-686001. I want to have them transferred in my name as I have inherited them. Letters sent to the address have remained unanswered. Please advise me on the status of the company and to whom and at which address should I send these certificates for the transfer.
Subbu Kasi
 In addition to the address of the company, following are the phone numbers: 0481-62233 and 62244. Contact the firm for further details.
I am holding 200 shares of Victory Projects at Rs16 each. Kindly advise me on the prospectus of this company.  Recently, the company announced on the Bombay Stock Exchange website that its software products would be entering the market and expected very high margin business.
Aravind Nair
 The stock does not look promising on charts and as such does offer any great investment opportunity. I think based on the information you have, you can wait for the impact of this news and then may take appropriate decision on your investment.
 I have got 1,100 shares of ASM Technologies Ltd, shares of Morgan Stanley Growth Fund, 3,100 shares of Balaji Hotels and Enterprises Ltd, 4,100 shares of Bansisons Tea Industries Ltd, 6,100 shares of Mid-East Integrated Steels Ltd, 7,100 shares of Pace Automations Ltd, 8,100 shares of Ambic Proteins Ltd and 9,100 shares of Mid-West Iron and Steels Ltd.  I would like to know whether these firms still exist. I bought them in the 1990s. If not listed, what I should do to recover the money?
K.S.Sundaram
 ASM Technologies Ltd is currently trading at Rs26 on BSE with a 52-week high of Rs51.50, touched on 1 January 2008, and low of Rs21, touched on 26 March 2008.
Morgan Stanley Growth Fund has the latest NAV of Rs50.93. Balaji Hotels and Enterprises Ltd is currently suspended and its address is 365, Anna Salai, Teynampet, Chennai – 600018, Tamil Nadu, Tel. Nos. 044- 42059517, Fax Nos. 044- 42059513, Bansisons Tea Industries Ltd is also suspended by BSE and its address is 264, M G Road, Khalpara, Siliguri - 734405, West Bengal, Tel. Nos. 0353- 2501808 , 2501973 and 2501124, Fax Nos. 0353- 2521619. Mid-East Integrated Steels Ltd was delisted by BSE on 2 July 2004 and address is H-1, Mesco Towers, Zamrudpur Community Centre, Kailash Colony, New Delhi–110048. Pace Automation Ltd. was delisted on 17 February 1997 following non-payment of annual listing fees. You can know more about this company at www.paceautomation.com. Ambik Proteins Ltd was delisted on 2 April 1996. Mid West Iron And Steel Co. Ltd. was also delisted on 2 July. You can contact them for further details.
 Is it better to open a demat account with a bank or with a broker? If so, which bank or broker would you suggest? I have an account with ICICI Bank. Would you recommend opening an account with it?
Rahul Donde
 Technically there is no difference in having a demat account with a bank or broker. However, if you have it with a bank, then it is better for managing your money. You can open demat with icicidirect.com. However their brokerage charges are higher. As an alternative you may open demat and bank account with IDBI paisabuilder.com, which offers you low brokerages and competitive services.
 I am interested in investing Rs10,000-15,000 in a mutual fund, which has moderate returns and moderate high risk, for a short period of time. Can you advise me on which mutual fund would be most appropriate?
Tanay
 You can invest in DSPML T.I.G.E.R – Reg for low risk and higher returns. However, investment in mutual fund for a short period of time is not a great idea. Moreover, in a market like this it would be better if you invest with a long term consideration.
I have 300 shares of KitPly Industries Ltd at Rs17. Now the company has delisted. I don’t know the reasons, nor am I getting the balance sheet. What will be the fate of these shares?
Asha Gupta
 No details are available on the company on equity investors. However,, you may contact the company on following address: Corporate Office: ’White House’ ‘A’ Block, 4th Floor, 119, Park Street, Kolkata - 700 016 Phone: 033 22293340/42/43/44, Fax : 91 033 2249 5009.
 I had sent 100 shares of Prag Bosimi Synthetics Ltd to be transferred in my name at the address noted on the share certificate —R.G. Baruah Road, Guwahati, Assam. But the registered letter was returned to me undelivered. Can you please let me know the new address of the company?
Vijay Kumar
 As per records available with us the address of Prag Bosimi Synthetics Ltd is Rangpur, Ranpur Path, R G Barua Road, Guwahati –781005, Phone: 91-361-2595125, Fax: 91-361-2593988 
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 the 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, Apr 07 2008. 12 18 AM IST