Recommendation: Buy

Current price: Rs 179 (at the time of publishing this tip)

Price target = Rs 321

Key points:

In Q2FY2009, the current and savings account ratio of Corporation Bank declined significantly to 25.6%, one of the lowest among its peers. Furthermore, the term deposits grew by 45.5% yoy and 12.9% sequentially during the quarter. The management has decided to reduce its reliance on bulk deposits, which currently comprise more than 20% of the total deposit base.
During Q1FY2009, the bank provided Rs 63.8 …

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Recommendation: Buy

Current price: Rs 1,227 (at the time of publishing this tip)

Price target: Rs 1,710

Key points:

The margins of the core business of petrochemicals will be dented by a significant decline in the prices of polymer and polyester products. However, this will be partially offset by the decline in the raw material prices. Moreover, the depreciation in the rupee will also have a positive impact on the margins of the petrochemical business.
The exploration and production division is expected to drive the …

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As responsible individuals, we all save diligently with the intention that it will help to secure our future and prove useful whenever we encounter a rainy day in life. But we are often not aware that every year inflation and taxes keep eating into these savings and puts a permanent leak into our savings shelter.

That’s why it is important that we don’t just save but also invest.

One of the simplest and most sensible ways of starting your investment journey is …

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First Time in India - an Index fund tracking the Broadest Index in India

Scheme Highlights:

Ideal for Long Term Core Equity Portfolio
Exposure to total Indian Stock market in one investment (The Index Represents 92.61 % of Total Market Capitalization of NSE as on October 31, 2008)
The Scheme is a ‘Total Stock Market Index Fund’ that eliminates the risk of individual stocks, sectors, Styles, individual fund manager etc i.e all ‘Unsystemic risks’ only the ‘Systemic’ or market risk remains, which is common …

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Inflation has thankfully started to cool off… Crude oil, metals and minerals and food prices are now headed southwards. These were the key categories fuelling incremental inflation. Many experts believed that the inflation will come down to 6% by end-March 2009. Given the steep fall in inflation, worsening IIP and GDP data, it was expected that RBI will lower repo rate by at least 100 basis points and the reverse repo rate by minimum 50 basis points.

But will banks lower rates adequately and …

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