Tuesday, July 31, 2007

Masters don't gamble

The masters don't gamble. \"They invest deliberately and purposefully, and they outperform the average investor as a result.\"

Markets have been going down and up. If that makes you feel queasy, here is help. \"You can achieve success in the stock market if you follow a set of well-defined investment principles and refuse to abandon them when the market acts irrationally,\"

First check if you belong to the majority in the world of investment that comprises those who want hot stock tips. \"Unwilling to learn the rudiments of investing, they invest in companies because `they\'ve been going up.\' The thrill of the action is as important to them as the profits they make.\" To them, investing is not about maximising the returns over time.

The minority are the few who study the art of investing \"in a constant effort to increase their knowledge and improve their skills.\" Kays points out that these people take time to learn what matters when buying the stocks. \"They don\'t gamble; they invest deliberately and purposefully, and they outperform the average investor as a result.\"

Stocks in news: M&M, Tata Steel, NTPC, HUL, UTV Software

· Ex-dividend:
Varun Shipping (Rs 1.50/sh), Apar Industries (Rs 2/sh), Atul (Rs 3/sh), Heritage Foods (Rs 3/sh), Parsvnath (Rs 2.50/sh) and Cyber Media (Re 1/sh)

· Results Today:
M&M, Tata Steel, HDFC, NTPC, HPCL, BEML, BHEL, Glenmark, IOC, Jet Airways, OBC, AV Birla Nuvo, Cairn India, GMR Ind, Sun TV, NALCO, India Cement, GE Shipping, DCB, Divis Labs, TTML, India Bulls Real Estate, India Infoline, I-Flex Solution, Akruti Nirman, Andhra Bank, Syndicate Bank, Torrent Power, TV Today Network, Vijaya Bank, Sical Logistics, Ajanta Pharma, Archies, Asian Paints, Jindal Steel & Power, JK Tyre, JM Financial, Nova Petro, Advanta India, Asian Electronics, Atlanta, BL Kashyap, Cambridge Sol, Crest Animations, Dishman Pharma, Easun Reyroll, Hanung Toys, Harrison Malayalam, Helios & Matheson, Inox, Maharastra Seamless, Mangalam Drugs, Mercator lines, Sical Logistic, Syndicate Bank, Voltamp, Wyeth, Balkrishna Ind, Bharti Shipyard, Classic Diamond, DCM, Dredging Corp, Gitanjali Gems, Heritage Foods, Hinduja TMT Hotel Leela, D-link Jindal Drilling ,Khaitan Nission Copper ,Nitin Spinners, Northgate, TFCI, Vijaya Bank, Eastern Silk,GMDC,ICSA India and JMC Projects

· Hindustan Unilever board approves share buyback at maximum price of Rs 230/sh up to 25% of capital

· UTV Software board approves GDR/ADR/FCCB issue up to USD 100 mn

· Binani Cement board approves investment in JV in China for manufacture of clinker/cement

· Peninsula Land board approves 1:5 stock split

· Godrej Industries board approves raising long-term resources up to USD 150 mn

· JBM Auto board approves 1:2 bonus issue

· Praj Industries board approves raising funds up to USD 125 mn for expansion, including strategic acquisition abroad; Rakesh

· Jhunjhunwala resigns as director of board

· Lloyd Electric board approves QIB issue up to Rs 200 cr

· Grasim board approves transfer of textile units at Haryana to subsidiary co

· GMR Infrastructure board approves FCCB/GDR/ADR issue up to Rs 5,000 cr

· Eicher promoters may sell majority holding along with management control to Daimler Chrysler - HT

· Renault confirmed holding talks with Bajaj Auto for small car project

· Tata Tele tower biz valued at Rs 13000 cr – TOI

· Govt has decided not to offer CDMA players 3G spectrum - ET

· IDFC buys 6.6% in Andhra Cement for Rs 25 cr - ET

· RIL may drop USD 5.2 bn gas project on pricing delays - FE

· Dish TV to roll out DTH service in cars, trains; in talks with FIIs to raise funds- BS/BL

· MTNL is losing Rs 2 cr each month as ITI failed to put up new broadband capacity in Mumbai - BS

· Baring makes 20% open offer for JRG Securities at Rs 49/sh

· Balasore Alloys board approves expansion plans with investment of Rs 1215 cr

· Paramount Communications board approves increasing FII investment limit 49%

· Petron Engineering bags Rs 49 cr order from Samsung Engineering

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