Archive for June 29th, 2008
Buy HCL Infosystems for One Year – Good Returns Expected
Investments with a one-year horizon can be considered in the shares of HCL Infosystems, considering its well-positioned business in the domestic IT infrastructure market and very reasonable valuations. At Rs 137, the stock trades at 7 times its expected 2007-08 earnings, with a 5.8 per cent dividend yield also providing a cushion against downside. Strong [...]
Mutual Funds are Investing in Debt Instruments Now
With equity markets in the doldrums, mutual funds are increasingly turning to debt instruments. Several mutual funds have diverted a large portion of their portfolios into debt schemes in the past few months. The debt portion of assets under management of the mutual funds industry increased by around 25 per cent by May-end from January [...]
