Recommendation: Hold

Current price: Rs 371 (at the time of publishing this tip)

Price target: Rs 400

Key points:

The outlook continues to be challenging for Mahindra’s automobile as well as farm-equipment segment. Apart from the ongoing economic downturn, the tightening of credit by banks and financial institutions has been negatively affecting the growth. Its Xylo car has been well received in the market, with sales of 4,100 vehicles up till February, while bookings remain strong.
The roll-out of the new products from the M&M stable …

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(Continued from PART 1) Find below a selective list of TOP 30 companies that have a decent dividend yield history and also have not seen significant erosion in their profitability in the current challenging business environment. The dividends are paid no matter what direction the stocks move and can provide a higher yield on investment in a weak market.

Company Name

Dividend Yield (%)

M-Cap (Rs Cr)

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The current business scenario has posed challenges for both corporate as well as investors. Corporate earnings have slowed down in the last few quarters owing to various factors like slackness in demand and higher interest cost among other factors. Indian markets have trended down, in line with the global markets. Stock prices have declined significantly across the board and investor return has been muted. In the phase of falling stock prices, dividend yield strategy provides decent and assured returns.

Find below …

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According to money manager Ken Fisher, the stocks that got clobbered most late in a bear market are the most likely to do well in the early stages of the next bull market, reports the Forbes.

This year has gotten off to a bad start, with the Sensex down to 8000-9000 levels. This just makes me more determined in my bullishness. I like stocks for 2009 precisely because they did so badly in 2008. Did we hit absolute bottom in November? Maybe, …

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Outrage about the $165 million in bonuses paid to executives at AIG may just be the tip of the iceberg. There are many more important concerns in the minds of public that have real ramifications for national policy and for those at the highest levels of politics and finance - reports Forbes.

U.S. taxpayers are being “forced” to accept that those people who brought AIG down should now be rewarded with (exponential) bonuses, just because only they can dis-entangle the mess they have …

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Recommendation: Hold On

Current price: Rs 100 (at the time of publshing this tip)

Target price: Rs 150

Key points:

HCL Technologies has announced that it has signed an information technology outsourcing engagement worth over US$350 million with Reader’s Digest Association spread over seven years. This deal is a part of US$1 billion worth of deals the company had won in Q3FY2009. Though HCL Technologies won record deals of US$1 billion in Q3FY2009, it is likely to incur an upfront transaction cost of US$25 …

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Recommendation: Buy

Current price: Rs 35 (at the time of publishing this tip)

Target price: Rs 85

Key points:

A significant slowdown in business and leisure travel has led the occupancies of the hotel industry to fall from 75% to 58% yoy and the average room rate declined by 17% yoy in January 2009. Foreign tourist arrival has also weakened after 9/11 terror attacks on Mumbai. However, the rate of decline has eased in February 2009 (a month-on-month increase as compared to January 2009).
Hotel chains, …

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