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2 slUvPv Hmlcn P\phcn 2013

Printed, published and owned by Alex K.Babu, printed at Sterling Print House (P) Ltd., Ponekkara-
Cheranelloor Road, AIMS Ponekkara PO, Cochin-41 for Varna Offset Printers (EKM) and published
at Hedge Equities, Hedge House, Mamangalam, Kochi, Pin- 682 025. Editor: K. Aravind
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editor@hedgeequities.com
J anuary 2013
Volume: 2 Issue: 10
Price: Rs. 25
Editorial
Company Management
Managing Director
Alex K Babu
Chief Executive Officer
N. Bhuvanendran
Chief Operating Officer
Bobby Jose
Editor
K. Aravind
Marketing Manager (Sales)
K.G. Girish Kumar
Research Team
Head-Research & Strategies Group
Krishnan Thampi K
Senior Fundamental Analyst
Amar Chandramohan
Senior Technical Analysts
Renjtih K
Economic&Commodity Analyst
Vignesh S B K
Fundamental Analyst
Shajan K.S
Marketing
Nova Centura Strategic Communications
Layout & Design
M.T.Gopalakrishnan,
DezignCentre, Kochi
Head Offi ce Head Offi ce Head Offi ce Head Offi ce Head Offi ce
Hedge Equities,
Hedge House,
Mamangalam,
Kochi,
Pin-682 025
Tel: 0484 3040400
E-mail: online@hedgeequities.com
Website: www.hedgeequities.com
Disclaimer
The information contained inour report does not constitute an
offer to sell securities or the solicitation of an offer to buy, any
security. The information in our report is not intended as financial
advice. Hedge Equities Ltd do not undertake the responsibility
for any investment decision taken by the readers based on this
report. Moreover, none of the research report is intended as a
prospectus within the meaning of the applicable laws of any
jurisdiction. The information and opinions contained in research
reports have been compiled or arrived at from sources believed
to be reliable in good faith, but no representation or warranty,
express or implied, is made by Hedge Equities Ltd to their
accuracy. Moreover, you should be aware of the fact that
investments in securities or other financial instruments involve
risks. Past results do not guarantee future performance.
Contents
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cW \Snemm\mbn
\Snb \oamWv Hml
cn hn]Wnv Icpv ]I
Xv.
atamlknwKv:
sshInsbnepw Cmin
{]ISnnp
kpdmhp:
hnai\tfp hmnb
hmbv]m \bns hmhv
_cmIv H_ma:
H_mabpsS hnPbmmZw
hn]Wnbntev ]Sn
Year Review
_mv sdtm \ncv Ac iXam\amWv
IpdXv. ]eni\ncv Dbp\npp
sh ImcWw Nqnmn Imjv dnkhv
Cy hn]Wnv
t\ns hjw
2012 25 iXam\w t\amWv Cy
Hmlcn hn]Wn ssIhcnXv. anI {]I
S\w ImgvN sh Nne kqNnIm[njvTnX
HmlcnI 2013 \nt]Iv 6070 iX
am\w t\w \In. AtX kabw Cy
Hmlcn hn]Wnsb kw_nnStmfw
2012 kpKaamb Hcp aptns hj
ambncpn. A\nnXXzns ]e L
sf AXnPohnmWv hn]Wn cv hj
s Db \nebnsenbXv. BtKmf
kw`hhnImkfpsS {]Xnê\w hn]
Wnbn iambtXmsS \nt]Iv
Cmcyfn IqSpX {i sNept
nhp. Cy kZv hyh t\cn
Sp {]iv\ Hcp Ln hn]Wn
sb kZn BgvpIbpw sNbvXp.
AtX kabw \b]camb Imcyfn
XfhmXw _m[n km F hnai
2012 Hmlcn hn]Wn 25
iX am\w Dbs nepw
cq] bpsS aqey X I
hntZi \nt]I m]
\ fpsS \nt ] aq ey
s {]XnIqeambn _m[n
p. 2012 P\p h cn bn
53.06cq]bmbncp tUmf
dns aqeyw Unkw_dn
55.06 cq]bmbn.
2012 Cy Hmlcn hn]Wn
bn \nt]I m]\
\Snb A\nt]w
BtKmf hn]Wnsb
\nb{nXv
bpFkpw bqtdmpw
bqtdm taJ e bnse hmbv ]m {]Xn
kn cqambXmWv 2012se BtKmf
hn]Wnsb {][m\ambn kzm[o\n LS
Iw. kvs]bn\nepw {KoknepamWv {]Xnk
n cqambXv. {Kokn\v ASp Lw
kmnI klmbw \Im bqtdm]y
sk{S _mv Xocp am \n p. bpFkv
kZv hyhsb DtPnnm\mbn
bpFknse sk{S _mv aqmw L
DtPI ]Xn {]Jym]nXv BtKmf
hn]Wnpw DtP\w ]Ip. {]Jym
]\w DmIpXn\p apt Xs hn]
Wn bn DWhv {]Xn ^ en p Ibpw
sNbvXp. Atacn {]knUv m\
tv _cmIv H_mabpsS cmw h
sXcsSpnt\mSv Atacn hn]Wn
A\pIqeamb {]XnIcnXv. \nIpXn
shnpdpw kmcns sNehv Npcp
nbpw aptmpt]mIWsa Bibw
H_ma \Snemnbm bpFkv km
nI amyn\v hopw ASnsSptam
FXmWv hn]WnbpsS Bi. AtX
kabw kmnI {]Xnkn Hgnhm
m thsXmw sNpsa DdmWv
H_ma \IpXv.
]W {] hm l n
ItmUnnbnse aptw
bpF knse sk{S _mmb
sÛd dnkhns aqmw L Dt
PI ]Xnbpw 2015 hsc ]eni\ncp
I Xmgv \nebn XpScpsa sÛ
d dnkhns {]Jym]\hpw 2012
kzWw, shn hneIfn iamb
apt n \mWv hgn sh Xv . AtX
kabw 2011 Hukn\v 1800 tUmfdn\v
apIfntev Db kzW hnev B
\ne bn tev Xncn sI sb m 2012
km[nn. AtX kabw cq]bpsS aqey
XI aqew Cybn kzWhne Fm
esbpw Db hnebnsepIbpw 10
{Kmw kzWns hne 33,000 cq]v apI
fnsepIbpw sNbvXp.
bqtdm taJebnse {]iv\fpw tem
nse Ghpw henb teml D]t`mKvXr
cmPyamb ssN\bnse \namW {]h
\fnepmb amyhpw 2012 t_kv
saepIfpsS {]IS\s _m[np.
cq]bpsS aqeyXI
2012 {][m\ IdknIfn I\
NmmamWv \ne\nXv. bqtdm taJe
bnse {]Xnkn I\Xp aqew bqtdm
bpsS aqeyw tUmfdns\Xnsc 1.20 F \ne
bntev hsc CSnp. bqtdm]y sk
{S _mv FSp \S]SnIfpw {]Jym]
\fpamWv bqtdmbpsS aqeyw ]nSnp
\nnbXv.
2012 cq]bpsS aqeyw Fmesbpw
Xmgv \nebntev Fn. kmnI
]cnjvIcWfpsS A`mhhpw hym]mc
anhpw [\In IqSnhcpXpw kmn
I hf IpdbpXpw Db hmbv]m
sNehpw ]W s cpw h[n p Xpw
tdnwKv GPknI Cysb Uut{K
Uv sNpsa Bibpw cq]bpsS ta
kZw sNep n b tm tUmf dn s\
Xnsc aqeyw 57.20 cq] hsc CSnp. ]cn
jv IcW \S]SnImbp kmcns
\ohpw hym]mc anhpw [\Inbpw
\nb {n p Xn\v dnkhv _mpw
kmcpw ssIsIm \S]SnIfpw cq]
bpsS aqeyw ]nSnp\nm klmbI
ambn.
2012 Hmlcn hn]Wn 25 iXam\w
Dbs nepw cq] bpsS aqey X I
hntZi \nt]I m]\fpsS \nt
]aqeys {]XnIqeambn _m[nnpv.
2012 P\p h cn bn 53.06 cq] bmbn cp
tUmfdns aqeyw Unkw_dn 55.06 cq]
bmbmWv DbXv .
\s t\cnSpXns `mKambn sshIn
sbnepw kmnI ]cnjvIcW
\S n em m \mbn \S nb \oamWv
hn]Wnv Icpv ]IXv.
hn tZi \n t]I m] \
Cy hn]Wnbntev KWyambn ]W
sam gp n b Xns ]n_ e n emWv
skskIvkv 2012 19,000 t]mbnv adn
ISXv. 2012 Cy hn]Wnbn Hcp
ew tImSn cq]bpsS A\nt]amWv
hntZi \nt]I m]\ \Sn
bXv. AtX kabw B`yc \nt]I
m]\ 55,000 tImSn cq]bpsS A
hn\ \Sn.
_nFkv C skskIv kv GXmv cv
hjn\nsS BZyambmWv 19,000 t]mbn
v adnISXv. skskIvkns ]n/C
Ctm 15.8 BWv. CXv Pm HgnsI
bp Gjy hn]WnIfpsS icmicn ]n/
C (12.7)tbm Db \nebnemWv .
AtX kabw Cy hn]WnbpsS Av
hjs icmicn ]n/Cbvv HhpamWv.
(15.9 BWv Cy hn]WnbpsS Av
hjs icmicn ]n/C.)
FII DII
(Rs. Crore) (Rs. Crore)
Dec-12* 12839.43 -8304.56
Nov-12 6291.51 -4201.42
Oct-12 8442.93 -4695.11
Sep-12 20807.81 -9152.2
Aug-12 7747.11 -4408.63
J ul-12 5902.95 -5270.67
J un-12 2794.68 1102.75
May-12 -2756.26 707.22
Apr-12 -1663.36 783.01
Mar-12 6526.73 -3490.73
Feb-12 23236.38 -11541.4
J an-12 9469.14 -6729.82
TOTAL 99639.05 -55201.52
*upto 26th Dec
2012se BtKmf hn]WnIfpsS
{]IS\w
Global Indices 18/12/2012 01/12/2011 chg (%)
SHANGHAI 2162.46 2169.39 -0.32%
FTSE 100 5,932.09 5699 4.09%
DOW J ONES 13,235.39 12397.38 6.76%
KOSPI 1,993.09 1826.37 9.13%
S&P 500 1,430.36 1277.06 12%
CAC 40 3,636.34 3222.3 12.85%
NIKKEI 9,923.01 8560.11 15.92%
DAX 7,637.18 6166.57 23.85%
SENSEX 19364.75 15517.92 24.79%
NIFTY 5896.8 4636.75 27.18
2012 hnhn[
BkvXn taJeI
\Inb t\w
Year Review
kqNnI 26122012 26122011 t\w
se \ne se \ne (%)
\n^vn 5905.60 4779 23.57
skskIv kv 19242.00 15970.75 21.58
_nF kv C Hmtm CUIv kv 11335.74 8356.77 35.65
_nF kv C _mIv kv 14342.16 9610.03 49.24
_nF kv C Ikyq a Uyqd_v kv 7648.77 5396.01 41.75
CUIv kv
_nF kv C F^v Fw knPn CUIv kv 5945.29 4119.14 44.33
_nF kv C slv sI b CUIv kv 8176.61 5856.12 39.63
_nF kv C sFSn CUIv kv 5662.68 5811.75 2.56
_nF kv C sa CUIv kv 11046.15 9663.77 14.30
_nF kv C Hmbn&Kymkv CUIv kv 8370.35 8026.14 4.29
Ign Hcp hjn\nsS Hmlcn hn]Wn
bnse hnhn[ taJeI \Inb t\w
cq]bnse CSnhv
Idkn 20122012se 01012012se t\w
aqeyw aqeyw (%)
tUmf 55.06 cq] 53.06 cq] 3.77
Hmlcn Ctmgs Hcp hjs
hne t\w (%)
1. sP]n Atkmkntbvkv 96.80 81.44
2. A{SmsSv knav 1977 71.25
3. sFUnF^vkn 169 71.05
4. Smm tamtmgvkv 300.20 69.60
5. FvknF sSIvt\mfPokv 636 63.39
6. Gjy s]bnvkv 4350 61.86
7. F&Sn 1586.50 58.70
8. sFknsFknsF _mv 1120.90 59.59
9. amcpXn kpkpIn 1507 56.67
10. BIvknkv _mv 1318 54.28
Ign Hcp hjn\nsS Ghpw Db
t\w \Inb 10 \n^vn HmlcnI
ItmUnn 18122012se 01012012se t\w
\ne \ne (%)
{IqUv Hmbn 89.08 99.02 10.04
kzWw (Hukv) 1647.00 1549.00 6.33
shn 29.91 27.68 8.06
IpcpapfIv 38715.75 33447.05 15.75
d (Intem{Kmw) 159.50 197.00 19.04
hnhn[ ItmUnnI \Inb t\w
^v t\w
(%)
sUv tjmv tSw 9.65
sUv CIw 9.45
sUv A{Sm tjmv tSw 9.42
sUv enIznv 9.24
sUv Knv aoUnbw & 8.84
temwKv tSw
Knv tjmv tSw 7.89
sUv ^pI \Inb t\w
Investments
2013 Fs\
\nt]nWw?
GsXnepw Hcp {]tXyI BkvXn taJebn am{Xambn \nt]w \SmsX
kZvhyhbpsS KXnv A\pkcnv Hmlcn, sUv, kzWw Fo hnhn[ BkvXn taJeIfnse
\nt] A\p]mXw ]p\:{IaoIcnp \nt] coXnbmWv 2013 Ahew_ntXv.
bpsS 2012 P\p hcn
en B hjs \nt]X{
Fs\bmbncnWsaXp kw_
nv Nne \ntZi hmb\mv
\Inbncpp. GsXnepw Hcp {]tXyI
BkvXn taJebn am{Xambn \nt]w
\SmsX kZvhyhbpsS KXnv
A\pkcnv \nt] A\p]mXw ]p\:{I
aoIcnp \nt]coXn Ahew_np
XmWv A`nImayw FmWv B e
n Rm NqnmnbXv.
2012s XpSn nc\nt]
amK Gsd BIjIambncp
p. AXp sIm p Xs BZy
ss{Xamkn samw \nt]
ns 20 iXam\w am{Xta Hmlcn
Imbn \onshm hqshpw
Db ]eni\ncpI e`np
kml N cy n BZy ss{X am k
n 75 iX am\w \nt ]hpw
nc \n t] amK fn \S
Wsa p am bn cpp Fs \n
tZiw. _mv \nt]sf am{Xw
B{ibnmsX tImtdv t_mp
Ifn \nt]w \SpIbmsW
n anI t\w ssIhcnm\mIpsapw
Nq n m n bn cp p. Hml cn I fn
\nt]mhkcn\mbn Imncnp
h tkhnwKvkv AupIfn \nt
]w \SpXn\v ]Icw enIznUv ^p
Ifn \nt]w \SpXn\pw \ntZiw
\Inbncpp.
Ign hjw Hmtcm ss{Xamkw Ign
bptmdpw Hmlcn \nt]ns A\p
]mXw h[nnWsa \ntZiamWv
aptmpshXv. ]eni \ncv Ipdbp
Xn\v A\pkcnv nc\nt] amK
fpsS BIjWobX IpdbpIbpw Hw
hn] Wn bnse Xncp Hml cn Isf
BIj Wo b am p Ibpw sNp Xn\v
A\pkcnv \nt] A\p]mXw {IaoI
cnpI FXmbncpp \ntZiw. CXv
A\pkcnv cmw ss{Xamkn \nt
]ns 30 iXam\hpw aqmw ss{Xam
kn 40 iXam\hpw \memw ss{Xam
k n 45 iX am \hpw Hml cn Ifn
\nt]npI FXmbncpp Ign
hjs \nt] X{w.
Cu \ntZ i ]np S hv
Xobmbpw AXns KpW e`nnp
v. enIznUv ^pI Ign Hcp hj
n\nsS \Inb icmicn t\w 9.30 iX
am\amWv. \mev iXam\w am{Xw ]eni
\Ip tkhnwKv kv Au p I fn
\nt]w \SpXn\v ]Icw Hmlcn
\nt]n\mbp Ahkcw e`n
pXp hsc enIznUv ^pIfn
\n t]w \S p Ibp w Ah
kcv A\pkcnv HmlcnIfn
\nt ]n p Ibpw sNbv Xhv
AXns t\w CXn\Iw e`nnpv.
tImtdv t_mpIfn \nt]w
\Snbhpw CXn\Iw AXns
KpWê e`npXpSnbnpv.
]eni\ncpI Ipdp XpSn
btXmsS t_mv hn]Wn anI {]I
S\amWv \SnhcpXv . Hmlcn hn]
WnbpsS {]IS\w sasSpXn\v
A\pkcnv HmlcnIfn \nt] A\p
]mXw h[nnhpw AXns t\w
e`nnpv.
2013se hn]Wn kmlNcyw 2012teXn
\npw hyXy kv X am bn cnpw. AXp
sImp Xs 2013se \nt] Bkq{X
Ww Ign hjtXn \npw hyXy
kvXambncnWw.
Hmlcn \nt]w {Iaambn
Ipdp sImphcnI
GsX nepw Hcp {]tXyI Bkv Xn
taJ e bn am{X ambn \nt]w \S
msX kZvhyhbpsS KXnv A\p
kcnv \nt] A\p]mXw ]p\:{IaoI
cnp \nt] coXn XsbmWv 2013epw
Ah ew _n t Xv . BZy L n
Hmlcn hn]Wn anI {]IS\w \Sm
ss{Xamkw Hmlcn nchcpam\ kzWw
(%) amK (%) (%)
P\phcnamv 40 50 10
G{]nPq 30 60 10
Pqssesk]vw 30 60 10
HIv tSmUnkw 20 70 10
Hmlcn kqNnIbpsS ]n/
C (ss{]kv Sp GWnwKv
tdtjym) IWnseSpp
tm Ctm \ymbamb
\n e bn emWv hn ]Wn
hym]mcw sNp sXv
ImWmw. Ctmgs \ne
bn \nv Cu hjw 15
17 iX am\w aptw
DmIm km[yXbpv.
INVESTMENT
PLANNING
FOR
2013
\pw kzW hne ]pXnb Dbcnsem
\p km[y Xbpw IW n se Spv
\nt] A\p]mX {IaoIcnpI
bmWv sNtXv.
Hmlcn hn]WnbpsS ]n/C (ss{]kv
Sp GWnwKv tdtjym) IWnseSpp
tm Ctm \ymbamb \nebnemWv
hn]Wn hym]mcw sNpsXv ImWmw.
Ctmgs \nebn \nv Cu hjw
1517 iXam\w aptw hn]Wnbn Dm
Im km[yXbpv.
Hmlcn hn]Wn 2013se BZy ss{X
amkn anI {]IS\w XpScm\mWv
km[yX. km Ctm Ahew_np
hcp ]cnjvIcW \S]SnIfpsS NphSp
]nSnp {]Jym]\ XpSpapm
Ipsa {]Xo hn]Wnbvpv. kzm`m
hn I ambpw Cu {]Xo hn] Wn bn
XpSpw aptn\v hgnshtpw.
_Pn\p tijw ASp hjw \S
p temIvk`m sXcsSpns\ apn
Ip \S]SnIfntev km Xncn
bm\mWv km[yX. sXcsSpv ASppw
tXmdpw ]cnjv IcW \S]SnIv thKhpw
inbpw Ipdbpw. thmv _mv cmjv{Sob
ns `mK ambn P\ {]nb ] Xn I
{]Jym]npXn km {ibn
pw. hn] Wnsb kw_ n n S tmfw
XmcyP\Iamb, Imcyamb \S]SnI
sfmpw Hmw ss{Xamkn\p tijw
DmIm\nSbn. cmjv{Sob _em_e ]co
Wv IqSpX {]m[m\yw ssIh
cptXmsS km IqSpX kZ
n\v ASnsSm\mWv km[yX. bp]nFp
]pdp\np Nne InIfpsS HuZm
cyn \ne\np kmcn\v sXc
sSpv hsc A[nImcw \ne\nm\pw
hnjantn hcpw. AXpsImp Xs
amn\p tijw hn]Wn ISp Nmm
fneqsS ISpt]mIm\mWv km[yX.
Ign hjw hn]Wn Xmgv \nebn
\nv aptdpIbpw Unkw_ BIptm
tgpw cv hjs Db \nebnse
p Ibpw sNbv Xp sh n Cu hjw
hcn apX amv hscbp BZys
ss{Xamkn samw \nt]ns
40 iXam\w HmlcnIfn \nt]nm
hp Xm Wv . hn]Wnbnse Ctm gs
aptw _Pv hsc XpScm\p km[yX
IWnseSpmWv HmlcnIv Cu
shbntPv \IpXv.
Ign hjw HmlcnIfnse \nt
] A\p]mXw {Iam\pKXambn h[nm
m\mbncpp \ntZisan Cu hjw
HmlcnIfnse \nt] A\p]mXw {Iam
2013 av ItmUnnIpw anI
XmbncnpsamWv A\pam\ntXv .
Itm Unn hn] Wnsb kw_ nv
Ghpw tamiamb Imcy kw`hn
p I gn p shv thWw Icp Xm.
\mKcnI hnIk\hpambn _s
] Xn I \S n em m Hcp p I
bmWv ssN\. ssN\okv kZv hyh
sb DtPnnm\p \S]SnI
\p K X ambn Ipd bv m
\mWv Rm \ntZinp
Xv. BZy ss{Xamkn
\p tijw hn] Wn bn
ISp Nmm DmIm\p km[y
X ]cnKWnmWv CXv. cmw ss{Xamk
nepw aqmw ss{Xamknepw Hmlcn
Ifnse \nt] A\p]mXw 30 iXam
\ambn ]cnanXsSppI. \memw ss{Xam
kn HmlcnIfnse \nt] A\p
]mXw 20 iX am \ ambn Ipd bv p Ibpw
sNpI.
Hml cn I fnse \nt] A\p ]mXw
IpdbvpXn\v A\pkcnv nc hcp
am\ amKfnse \nt] A\p]mXw
h[nnpIbmWv sNtXv . BZyss{X
amktmsS Xs dnkhv _mv sdtm
\ncv Ipd bv m\pw AtXmsS _mv
\nt ] fpsS ]en i \n c p I fn
Ipdhv hcm\pap km[yXbmWpXv.
AtX kabw Hmlcn hn]Wn A\nnX
Xzntev \optm nc hcpam\
amKv {]m[m\yw \IpItb amK
apq. _mv \nt]tfm BIj
amb t\w \Ip tImtdIfpsS
t_mp(t\m Ith_v Uns_
)Ifpw sUv ^pIfpw ]cnKWnp
XmIpw A\ptbmPyw.
kzWn 10 iXam\w
\nt]w \SpI
Ign hjw kzWn Av i
am\w \nt]w \Sm\mbncpp Rm
\Inb \ntZiw. Cu hjw AXv 10
iXam\w F \nebntev DbpI.
Fm ss{Xamkfnepw kzWnse
Cu \nt] A\p ]mXw \ne \np
Ibpw sNpI.
2012 kzWns cmPym
P\p hcn apX amv
hsc bp ss{Xamk
n samw \nt]
n s 40 iX am\w
Hml cn I fn \nt ]n
mhpXmWv. hn]Wnbn
se Ctmgs aptw
_Pv hsc XpScm\p
km[y X IW n se Sp
mWv HmlcnIv Cu
shbntPv \IpXv.
hn]Wn Dbpw Xmgvpw A\n
nXamb ZnibneqsS ISpt]m
Im\mWv km[yX.
2012se t]mv t^mfntbm cq]
s Sp p tm Cu hjw
{]Xo n s Sp Ccw
kmlNcy ]cnKWnmhWw
Bkq{XWw \StXv. P\p
tIm t]mep t_kv saepIfpsS
hne Db cp Xn\v Imc W am tb pw.
aphjtmfpw anI Unamv Zriy
amtbmsanepw bqtdm taJebn Hcp
Xncnphchv ]Xps am{Xta kw`hnm
\nSbpq. bpFknepw Unamv h[nm
\mWv km[yX. 2015 hsc ]eni \ncp
I Ipd \nebn XpScm\p sÛ
d dnkhns Xocpam\hpw ItmUnn
hneIsf ]npWpw.
kZv hyhsb DtPnnp
Xn\pw \nt]mcow sas
SppXn\pw [\Inbpw hym]mc
Inbpw \nb {n p Xn \p ap
kmcns \S]SnIfpsS ]n_e
n 2013 cq]bpsS aqeyw tUmfdn
s\Xnsc inbmPnpsamWv {]Xo
npXv.
ItmUnnIfpw Idknbpw inbmPntpw
c hnebn aphjhpambn Xmc
Xayw sNptm CSnhmWpmb
Xv. Fm 2013 kzWw hopw
"Huvs]t^mw' sNm\mWv km[y
X. kzWns cmPymc hne
]pXnb Dbcnsem\pw Gsd
km[yXbpv. BtKmf Xen
A\n n XXzw \ne \nptm
sgms kzWamWv kpcnXamb
\nt] amKw. BtKmf kZvhy
hsb DtPnnm\mbn XpS
pw {]Jym]nsSmhp ]Xn
Ifpw kzWnse aptn\v
km[yX Hcppp.
Equity Portfolio
2013 \nt]nm
10 HmlcnI
iamb {_mv \mahpw Icpp
amt\Pvsapw iamb hnXcW irwJ
ebpamWv I \n p Xv . ]nXr I \n
bmb F&SnbpsS hn]Wnbnse i
amb \ne, {]h\ anIhv, D
fnse sshhn[yw XpS nb LS I
I\nbpsS tabmbn FSpp ]dbmhp
XmWv Fncns I\nbpsS hfm
km[yX IWnseSpptm Cu Hml
cn ZoLIme \nt]n\v tbmKyamWv.
`h\hmbv]m taJebntev ISpXn
Xmbn Ctm ]k^nIv luknwKv ^n\m
kv enanUv F I\nsb CubnsS
F&Sn ^n\mkv GsSpncpp. CXv
_nkn\kn anI sshhn[yhcW
n\v I\nsb klmbnpw.
{SmIv S \nam Xm fn sem m Wv . Im
\nam Xm sf \ne bn alo{ &
alo{ Cybn \memw m\mWv.
Hmtmsamss_ taJebnsebpw ^mw
FIzn ]v sav taJ e bnsebpw Unamv
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INVESTMENT
PLANNING
FOR
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Equity Portfolio
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Hedge Equities Ltd.,
Hedge House, Mamangalam, Kochi-682 025. Phone: 0484 3040400. Website: www.hedgeequities.com
hnfnq
9349497572, 9349497587,
9946665447
Csabn
wms@hedgeequities.com
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SEBI RegnNo. NSE - INB/F/E 231295438/ BSE - INB 011295434/ MCX-SX - INE 261295438/ PMS - INP000003476/ CDSL - IN-DP-CDSL-471-2008/:
Mutual Fund investments are subjected to market risk. Investors are advised to read the scheme related documents carefully before investing.
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qNn]v ^n\v Ign aqv hjn
\nsS 10.26 iX am\w {]Xn hj t\w
\Im km[nnpv. 4025 tImSn cq]
bpsS BkvXn ssIImcyw sNp Cu
emPv Imv ^v {]h\w XpSn
Npcp nb Ime n \p n anI hnepw
tdnwKnepw apnsen. anIhm ^v
amt\PvsaneqsSbmWv CXv km[yamn
bXv . Ign Hcp hjn\nsS Cu ^v
\Inbnp t\w 23.73 iXam\amWv.
2008 sabn XpSnb ^v CXphsc
\Inb hmjnI t\w 14 iXam\amWv.
Fkv_nsF FaPnwKv
_nkn\kv ^v
ncXbm {]IS\w ImgvN shp
anUv & kv tamImv ^mWv Fkv _nsF
FaPnwKv _nkn\kv ^v. Ign Hcp
hjn\nsSbpw aqv hjn\nsSbpw
Ghpw anI t\w \Inb anUv &
kvtamImv ^pIfn {]Ya m\
mWv Fkv_nsF FaPnwKv _nkn\kv
^v \ne sIm p Xv . Ign aqv
hj n \nsS Ghpw Db t\w
\Inb skIvS CXc CIznn ^v IqSn
bmWv Fkv_nsF FaPnwKv _nkn\kv
^v.
anUvImvkvtamImv HmlcnIfn
Iq Sp X embn \n t]w \S p
Fkv_nsF FaPnwKv _nkn\kv ^v
Ign aqv hj n \nsS \Inb
{]Xnhj t\w 22.61 iXam\amWv. Cm
ebfhn anUv & kvtamImv ^pI
\Inb icm icn {]Xn hj t\w
8.72iXam\hpw skskIvkv \Inb
icm icn {]Xn hj t\w 3.51 iX
am\hpam Wv . Fkv _nsF FaPnwKv
_nkn\kv ^v Ign Hcp hjn
\nsS 50.27 iXam\w t\hpw \In.
sFUnF^vkn {]oanb CIznn
sshhn[y h c W ns `mK ambn
anUv Imv ^p I fn \nt ]n m
B{K ln phv ]cn K Wn m hp
^mWv sFUnF^vkn {]oanb CIzn
n . n c X bp { ]I S\w Imgv N
shp Cu ^v hn]WnbnsenbXp
apX \nt ] Iv Xr]v Xn I c amb
t\w \IpXn hnPbnnpv.
emPvImv ^pI
anUv&kvtamImv ^pI
Equity Funds
ZoLamb \nt] ImebfhpIfn
anI {]IS\w Imgv N sh anUv Imv
^p I fpsS ap\n c bn emWv sFUn
F^vkn {]oanb CIznn. Ign Av
hjn\nsSbpw aqv hjn\nsSbpw
anI {]I S\w Imgv N sh Av
anUv Imv ^p I fn sFUn F^v kn
{]oan b CIzn n ^n\v m\ ap v .
hn]Wn Dbcptm anI t\w \Ip
Xn apn \np Cu anUvImv
^n\v hn]Wnbnse CSnhn FFhn
bnse aqeytNmsb Hcp ]cn[n hsc
{]Xntcm[nm\pw km[nppv.
FvUnF^vkn anUvImv
HmpWnokv ^v
Ign aqv hjn\nsSbpw Av
hjn\nsSbpw Ghpw Db t\w
\Inb 10 anUvImv ^pIfn Ds
np FvUnF^vkn anUvImv Hmp
Wnokv ^v XpSnbXn\p tijw CXp
hsc \Inb icmicn hmjnI t\w
11.71 iXam\amWv. 2007 PqWn XpSnb
Fv UnF^v kn anUv Imv HmpWnokv
^v Ign aqv hjn\nsS 14.62
iXam\w icmicn hmjnI t\w \In
bnpv. Cmebfhnse anUvImv ^p
IfpsS icmicn hmjnI t\w 8.72 iX
am\amWv.
Hmlcn hn]Wn CSnhv t\cn Sp
k`fn av an anUvImv ^p
Ifn \npw hyXykvXambn \nt]aq
eynse CSnhv {]Xntcm[nm km[n
p p sh ta Fv Un F^v kn
anUvImv HmpWnokv ^v {]ISn
n p p.
2267 tImSn cq]bpsS BkvXnbmWv
Fv UnF^v kn anUv Imv HmpWnokv
^v \nehn ssIImcyw sNpXv.
Cu ^v \nehn t]mv t^mfntbmbpsS
90 iX am \hpw anUv Im v kv tamImv
HmlcnIfnemWv \nt]nncnpXv.
UnFkv]n mv tdmv
ssat{ImImv ^v
kv tamImv HmlcnIpw AXnt\m
Xmgv hn]Wnaqeyap ssat{ImImv
Hml cn Ipw {]mapJyw \Ip
UnFkv]n mv tdmv ssat{ImImv
^v sNdpInS I\nIfpsS HmlcnIfn
DmIp iamb apt thfIfn
Db t\w Ddphcpm A\ptbm
PyamWv. \nehn BkvXnbpsS 100 iX
am\hpw kvtamImvssat{ImImv Hml
cnIfn \nt]w \Snbncnp Cu
^v Ign aqv hj n \n sS
\Inb {]Xnhj t\w 14.31 iXam\
amWv. hn]Wn Dbcptm anI t\w
\IpXp t]mse hn]Wn Xncp
t\cn Sp tm i amb CSnhpw Cu
^n ZriyamWv.
bpSnsF HmpWnokv ^v
t]cv kqNnnpXp t]mse kZv hyh
bpsS {]IS\n\v A\pkcnv Hmtcm
kabv e`np Ahkcv A\p
kcnv t]mvt^mfntbm cq]sSpp
coXnbmWv bpSnsF HmpWnokv ^v
]npScpXv. ^v amt\PdpsS Xs
hmpIfn ]dm Hcp skIvSdpw
hn]Wnbpw Xn hmeypthj\nep
Acw XpScpXp hsc B skIvSdn
\n t]w XpS cpI F XmWv Cu
^ns \nt] XXzimkv{Xw.
hn]Wnbnsenb 2005 apX hfsc
ncXbm t\amWv bpSnsF Hmp
Wnokv ^v \InbnpXv. CXphsc
\Inb {]Xnhj t\w 16.84 iXam\
amWv .
dnebkv CIznn
HmpWnokv
^v
hnhn[ hn]Wn ImemhIfn ASn
m\ kqNnItbm anI {]IS\w
Imgv N shm dn e bkv CIz n n
HmpWnokv ^n\v km[nnpv.
2005 amn XpSnb dnebkv CIznn
HmpWnokv ^v CXphsc \Inb
icmicn hmjnI t\w 20.90 iXam\am
Wv .
{^mvfn Cy ss{]a kv
^v
{]I S \ n c X bp ssat{Im Imv
^mWv {^mvfn Cy ss{]a kv
^v. 1994 XpSnb {^mvfn Cy
ss{]a kv ^v CXphsc \Inb icm
icn hmjnI t\w 19.25 iX am \ am
Wv.{^mvfn Cy ss{]a kv ^v CSn
hns L fn \nt ] aq ey nse
tNm IpdbvpIbpw _p amn
ncXbm t\w \IpIbpw sNp
^mWv.
sFknsFknsF {]qUjy
Ub\manIv ^v
hn]Wn Db Xe n em bn cn p
tm HmlcnIfnse \nt] A\p]mXw
Ipd bv p Ibpw Hml cn I fpsS aqeyw
Ipd \nebnseptm ]qWambpw
HmlcnIfn \nt]npIbpw sNp
\nt] X{ amWv sFkn sF knsF
{]qUjy Ub\manIv ^v ]npScp
Xv .
HmlcnIfnembmepw sUnembmepw
]qPyw apX 100 iXam\w hsc \nt]w
\Sm ^v amt\Psc A\phZnp
t]mvt^mfntbm amt\Pvsav coXnbmWv
Cu ^ntXv.
Fund AUM NAV Inception CAGR (%)
(Cr) (Rs) Date 1 Year 3 Years 5 Years
Largecap Funds
1 Birla Sunlife Frontline Equity Fund 2853.52 98.38 20-Aug-02 32.87 7.43 4.69
2 HDFC Top 200 11591.05 223.47 11-Sep-96 28.87 7.46 6.37
3 DSP BlackRock Top 100 Equity Fund 3384.70 110.34 10-Mar-03 26.52 6.68 4.03
4 ICICI Pru Focused Bluechip Equity Fund 4025.37 17.54 23-May-08 19.81 9.54 -
S&P CNX Nifty 24.22 3.30 0.06
Mid & Small Cap Funds
5 SBI MSFU - Emerging Business Fund 733.80 58.89 23-Aug-04 50.27 22.61 4.34
6 IDFC Premier Equity Fund - Plan A 3070.90 39.55 28-Sep-05 37.32 15.11 8.74
7 HDFC Midcap Opportunities Fund 2267.14 18.39 25-J un-07 37.57 14.62 7.90
8 DSP BlackRock Microcap Fund 450.79 17.26 14-J un-07 38.00 14.31 3.59
S&P CNX Midcap 20.35 2.68 0.42
Micro Cap Funds
9 UTI Opportunities Fund 3035.75 31.81 20-J ul-05 24.75 9.85 6.70
10 Reliance Equity Opportunities Fund 3830.09 43.50 31-Mar-05 42.92 14.54 7.29
11 Franklin India Prima Plus Fund 6032.60 248.66 10-J an-94 28.51 9.19 4.06
12 ICICI Prudential Dynamic Fund 4056.37 114.50 01-Oct-02 26.98 7.94 5.05
S&P CNX 100 20.46 3.42 0.15

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^
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ssat{ImImv ^pI
INVESTMENT
PLANNING
FOR
2013
2013 \nt]nm
4 _mekvUv ^pI
Hml cn I fnepw IS {X fn ep ambn
\nt]w \Sp ayqNz ^pIfmWv
_mekv Uv ^p I. hn] Wn bpsS
Imemhv A\pkrXambn HmlcnIfn
sebpw IS{Xfnsebpw \nt] A\p
]mXw {IaoIcnpIbmWv _mekvUv
^p I sNp Xv . \nt] A\p
]mXw {IaoIcnpXneqsS hn]Wnbnse
Db \neIfn \nt]w \Sp
Xnse dnkvIv Ipdm\pw t]mv t^mfn
tbmbnse _meknwKv Ddphcpm\pw
_mekvUv ^pIv km[npp.
AXmbXv hn]Wn DbcpIbmsWn 65
75 iXam\w hsc HmlcnIfn \nt]w
\S p _mekv Uv ^p Iv
anI t\w \Im km[npp. AtX
kabw hn]Wn XmgpIbmsWn 2535
iXam\w hsc IS{Xfn \Sp
\nt ] n eqsS km[m cW CIznn
^pIfnepmIpXp t]mep CSnhv
Hgn hm m\pw \nt ] I cpsS aqe [ \
n Dm Ip \jv Sw ]cn an X s Sp
m\pw _mekvUv ^pIv km[n
pp.
\nt]ns {IaoIcWw IqSn Dd
phcpm\mIppshXmWv _mekv
Uv ^v \nt]ns asmcp {]tXy
IX. HmlcnIfnepw IS{Xfnepambn
\nt]w {IaoIcnp tPmen _mekv
Uv ^p I Xs sNp Xn \m
\nt ] Iv "Akv Atem t j'
IpsdqSn FfpamIpp. 2535 iXam\w
hsc IS {X fn \nt ]n p Xn
\m CIznn ^pIfnse \nt]t
m Ipd dnkv Iv am{Xta _mekv Uv
^pIfnse \nt]n\pq. 2013
\nt]Iv sXcSpmh \mev
anI _mekvUv ^pIfmWv FvUn
F^vkn {]qUkv, dnebkv sdKpe
tkhnKvkv _mekvUv ^v, bpSnsF
shv _nU (kocnkv 3), sFkn
sFknsF {]qUjy CIznn & sUdn
thohv shmfmnenn AUzmtPv ^v
Fnh.
FvUnF^vkn {]qUkv ^v
Ign aqv hj n \nsS Ghpw
anI t\w \Inb Av _mekvUv
^pI fn sem mWv Fv Un F^v kn
{]qUkv ^v . 11.09 iX am \amWv
FvUnF^vkn {]qUkv ^v Ign
aqv hjn\nsS \Inb icmicn hm
jnI t\w. AtX kabw _mekvUv
^pIfpsS Av hjs icmicn
hmjnI t\w 7.21 iXam\amWv.
Cu ^v \nehn BkvXnbpsS 66
iXam\w HmlcnIfnepw 22 iXam\w IS
{Xfnepw \nt]nncnpIbmWv. 12
iXam\w ]Wambn ssIhiw shpIbpw
sNbvXncnpp.
dnebkv sdKpe tkhnwKvkv
_mekv Uv ^v
_mekv Uv ^pIfpsS [aw IrXyambn
]menpXns {]h\ Ncn{Xap,
Db tdnwKp _mekvUv ^mWv
dn e bkv sdKp e tkhn wKv kv
_mekvUv ^v. Hmlcn hn]Wnbn
aptw \Sp Lfn Db t\w
\IpIbpw CSnhns Lfn kqNn
Ibnse CSnhnt\m Xmgv \jv Sw am{Xw
tcJsSppIbpw sNbvX ^v BWn
Xv.
Ign Av hjn\nsS Ghpw
anI t\w \Inb aqv _mekvUv
^pIfnsemmWv dnebkv sdKpe
tkhnwKv kv _mekv Uv ^v .\nehn 74
iXam\w HmlcnIfnepw 22 iXam\w IS
{XfnepamWv \nt]w \Snbncnp
Xv. \mev iXam\w ]Wambn ssIhiw
shpIbpw sNbvXncnpp.
bpSn sF shv _nU
kocnkv (2)
\nehn HmlcnIfnepw kzWnepam
bmWv bpSnsF shv _nU kocnkv
(2) ^v \nt]w \SnbncnpXv.
HmlcnIfnepw kzWw, sUv XpSnb
\n t] amK fn ep ambn Hcp
"_mekvUv Cshvsav' \Sm
Balanced Funds
Xmcyaphv Cu ^v ]cnKWn
mw.
\nehn BkvXnbpsS 25 iXam\w
tKmUv CSnF^nepw 64 iXam\w Hmlcn
I fnepw \nt]w \S n bn cn p
slUvPv shv amt\Pvsav khokkv
ip]mi sNp _mekvUv ^pI
^v Hcp hjs aqv hjs Av hjs
t\w (%) t\w (%) t\w (%)
FvUnF^vkn {]qUkv 27.07 11.09 8.55
dnebkv sdKpe tkhnwKvkv 32.48 9.51 8.77
_mekvUv ^v
bpSnsF shv _nU 22.20 10.33
sFknsFknsF {]qUjy 31.51 12.64 6.35
CIznn & sUdnthohv
shmfmnenn AUzmtPv ^v
slUvPv shv amt\Pvsav khokkv
ip]mi sNp sUv ^pI
1. FvUnF^vkn Imjv amt\Pvsav ^vSnF]ndosbn t{Kmv
2. dnebkv aWn amt\P ^vt{Kmv
3. Fkv_nsF FkvFvUnF^v A{Sm tjmv tSwdosbn t{Kmv
1. FvUnF^vkn ssl Cdv ^vFkvSn]nt{Kmv
2. sFUnF^vkn FkvFkvsFF^v tjmv tSwmFt{Kmv
3. UnFkv]n mv tdmv kv{SmPnv t_mv ^v
4. bpSnsF tjmv tSw CIw ^v dosbn t{Kmv
1. FvUnF^vkn CIw ^v
2. sFUnF^vkn FkvFkvsFF^vCshvsav m Ft{Kmv
3. _nf ksse^v Ub\manIv t_mv ^v
5. Fkv_nsF Ub\manIv t_mv ^v
4. dnebkv sdKpe tkhnwKvkv sUv ^v
1. FvUnF^vkn FwsF]n temwKv tSw
2. sFknsFknsF {]qUjy FwsF]n 5
3. Fkv_nsF FUvPv
bpSnsF shv _nU kocnkv (2)
^v BkvXnbpsS 10 iXam\w ssIhiw
shncnpp. Ign aqv hjn\nsS
10.33 iXam\w icmicn hmjnI t\amWv
Cu ^v \InbnpXv. Ign Hcp
nc\nt]n\v anI sUv ^pI
Hmtcm ka bpw hnhn[ \nt]
amKfn F{Xtmfw \nt]w hI
bn cp p p sh Xns ASn m \ n
emWv t]mv t^m fn tbm bn \np
t\w \nWbnsSpsXpw AmsX
GsX n ep w { ]tXyI Hml cn tbm
t_mtm sXcsSpptXm hn]Wn
sb Fs\ kao]nppshtXm A
t\ns am\ZWvUsapw imkv{Xob
]T\fpw IWpIfpsS ASnm\n
ep hni I e \ fpw Nqn m p p.
AXn\m Hcp t]mvt^mfntbm cq]s
Spptm hnhn[ \nt] amK
fnembn \nt ]w hIbncpp Xns
`mKambn sUn epw \nt]w \SpXv
hfsc {][m\amWv.
nchcpam\ amKfn \nt]n
m XmcysSphv IS{X
fn \nt]np sUv ^pI ]cn
KWnmhpXmWv. Hmlcn \nt]w \S
m Xm cy s Sphv ayqNz
^pIfpsS CIznn ^pIfpw ]cnKW
\obamsWXp t]mse t_mpIfn
\nt]w \S m Xm cy s Sp
\nt]Iv ayqNz ^pIfpsS sUv
^pIfn \nt]nm\pw Ahkcap
v . enIzn Un n, t\ n \p \nIpXn
XpSnb hi ]cn K Wn p tm
ayqNz ^pIv Nne taIfpv.
t_mpIfnse hym]mc hym]vXw ]cnan
XamsWXn\m enIznUnnbpw ]cnanX
amWv. AtX kabw sUv ayqNz ^p
Ifnse Hm FUUv kvIoapIfn
Db enIznUnnbpv. t_mpIv
e`np ]eni \nIpXn hnt[bamsW
n sUv ^pIfnse UnhnUv m\n
eqsS e`np UnhnUv \nIpXn ap
amWv. ^v amt\PcpsS sshZKv[yw D]
tbm K s Spn sshhn [y hr X amb
Hcp t]mvt^mfntbmbn \nt]w \S
m\p AhkcamWv sUv ^pI
\IpXv.
sUv ^pI \nt]np IS
{X fpsS \nt] Ime b f hns
ASnm\n sUv ^pIsf A{Sm
tjmv tSw, tjmv tSw, aoUnbw tSw,
temwKv tSw ^pIfmbn thXncnpp.
\nt]n\v A\ptbmPyamb A{Sm
tjmv tSw, tjmv tSw, aoUnbw tSw/
temwKv tSw ^pIfpsS ]nIbmWv Cu
teJ\tmsSmw \InbncnpXv.
hj n \nsS 22.20 iX
am\w t\hpw \Inbnpv .
sFknsFknsF
{]qUjy CIznn
& sUdnthohv
shmfmnenn AUzmtPv ^v
{]IS\ ncX ]pep sFknsF
knsF {]qUjy CIznn & sUdnth
ohv shmfmnenn AUzmtPv ^v Ign
Hcp hjn\nsS anI {]IS\amWv
Imgv N shXv . Ign aqv hjn\nsS
Ghpw anI t\w \Inb _mekvUv
^pIfpsS ]nIbn aqmw m\mWv
sFknsFknsF {]qUjy CIznn &
sUdn th ohv shmfm n enn AUzm tPv
^v. \nehn BkvXnbpsS 66 iXam\w
HmlcnIfn \nt]nnp Cu ^v
sUn \nt]sampw \Snbnn. hn]
WnbpsS Db \nebn Bkv XnbpsS 34
iXam\hpw ssIhiw shncnpp.
Debt Funds
INVESTMENT
PLANNING
FOR
2013
Investment Strategies
C\nbpw ssIs]mmXncnm
dosbn \nt]I {intXv
Hmlcn hn]Wnbnse
aptn \npw
hntZi \nt]I m]\
DssSbph t\w
sImptm dosbn
\nt]Icn hensbmcp hn`mK
n\pw ssIs]mpXmWv
A\p`hw. dosbn \nt]I
cpsS ASnm\]camb {]IrXw
XsbmWv CXn\v ImcWw.
Hmlcn hn]Wn A
Sp aptn\v Hcp
n\ns Hcp tNm
Zyw AXoh{]kam
Wv km[mcWmcmb
dosbn \nt]I
C\n FtmgmIpw hn]
Wnbntev Xncnsp
Xv ? hn ]Wn ap
tdptmgpw dosbn \nt]IcpsS
]mfnw hn]Wnbn hfsc ]cnanXam
Wv .
Hmlcn hn]WnbpsS Ncn{Xw ]cntim
[nm Adnbmw, dosbn \nt]I
hn]Wnbn kPohamIpXv Ftmgpw
hn]Wn hfsc Db \nebnseptm
gmWv. Hmlcn hn]Wn ]pXnb Dbcfn
septm dosbn \nt]Iv
hn]Wnbnep hnizmkw h[npIbpw
hfsc henb hne \Inbpw HmlcnI
hmm Ah XbmdmIpIbpw sNpp.
hn]Wn Db \nebnsepXv km
nI LSIsfmw Xopw A\pIq
ehpw AanXamb ip`m]v Xn hnizmkw
FhnsSbpw {]kcnpIbpw sNptmgm
Wv . cmPyns anI kmnI hf,
I\nIfpsS anI {]IS\w, P\fpsS
Db hcpam\w XpSnb A\pIqe LS
I Hmlcn hn]Wnsb ]pXnb Dbc
fntev \bnpIbpw CXv hn]Wnbn
\nt]w \Sm\p km[mcW P\
fpsS Xmcyw h[n n p Ibpw
sNpp. ]t A{]XonXamb {]Xn
Iqe hm I hntZi \nt]I
m]\fpsS hngnentepw hn]
WnbpsS XIbntepw \bnptm
km[mcW dosbn \nt]I sIWn
bn s]Spp. Db hmnb hnev
hmnb HmlcnI henb \jvSw kln
pw hnmt\m \jvSw \nIm Ign
bmsX Gsd Imew ssIhiw shmt\m
Ah \n_nXcmIpp.
dosbn \nt]Iv
]ngpXv FpsImv?
hn]Wnbn aptw DmbXn\p tijw
\nt]w Bcw`npI FXmWv dos
bn \nt]IcpsS coXn. AXpsImp
Xs Db hnev am{Xta Ahv
Hml cn I hmm km[n p p q.
Fm ASap, anI \nt]I
cpsS coXn AX. hn]Wnbn aptw
DmIm\p km[yX t\cs a\kn
emn hne Ipdncnptm \nt]w
\S pIbmWv Ah sNp Xv . Hcp
I\n anI {]h\ êw ]pdp
hnXn\p tijw HmlcnI hmpXn\p
]Icw I\n anI {]h\ êw
]pdphnSm\p km[yX t\cs a\
knemn HmlcnI hmp coXnbmWv
Hmlcn hn]Wnbn A\phntXv.
I\nIfpsS hfbpsS IWpI hcp
Xn\p apt Xs I\nbpsS hfm
km[yX an\naw dnkns ASnm\
n a\knempIbpw Hmlcn BIj
I amb hne bn e`y am bn cn ptm
\nt]w \SpIbpamWv sNtXv.
hntZi \nt]I m]\ Ds
sSbp \nt]I Ccn Xmgv
hnebn HmlcnI hmnbXp sImm
Wv hn]Wn Ctmgs Db \nebn
sen \npXv. Fm hn]Wnbpw
HmlcnIfpw anI \nt]mhkc
\Ip k`fn HmlcnI hmp
{]{Inbbn dosbn \nt]I
antmgpw ]mfnIfmIpn.
kw`hnm t]mIpXns\ {]Xn^
ennpIbmWv hn]Wn sNpXv. anI
Xv kw`hnm t]mIppsh A\p
am \ fpw \nK a \ fpw hn] Wnsb
aptmv \bnpp. AXv a\knemn
t\cs hn]Wnbn kPohamIpIbpw
HmlcnI hmpIbpamWv anI \nt
IcpsS coXn. AtX kabw dosbn \n
t]I kw`hnp IgnXn\p tij
amWv {]XnIcnpXv . Atmtgpw Hml
cnI Db \nebnsenbnpmIpw.
dosbn \nt]IcpsS Cu {]IrXamWv
Ahsc NXnpgnbnsenpXv.
dosbn \nt]I hfsc kPoh
ambncp 2007epw 2008 BZynepw \mw
kw`hnm t]mIpXn
s\bmWv hn]Wn {]Xnên
npXv. AtX kabw
dosbn \nt]I kw`
hnp IgnXn\p tij
amWv {]Xn I cn p Xv .
Atmtgpw HmlcnIfp
sS hne Gsd Dbnpm
Ipw. dosbn \nt]I
cpsS Cu {]IrXamWv Ah
sc Ipgnbn NmSnpXv.
AXv IXmWv. H]Xv iXam\w km
nI hf, aqc iXam\w [\In,
cq]bpsS aqeyh[\ XpSnb A\pIqe
LSIfpsS ]menemWv Cy
Hmlcn hn]Wn 2007 20,000 t]mbnv
adnISXv. Fpw AanXamb ip`m]vXn
hnizmkw ]c Cu Ln Atm
gs hfsb hn]Wn AXn\Iw {]Xn
ênnp Ignpshpw hn]Wn \ymb
am aqeynemWv Fn\np
sXpw a\knemmsX skskIvkv
25,000 30,000 Fn s\ bp ]pXnb
ey XmaknbmsX ssIhcnpsa
pap Abpn \nd {]hN\fn
hniz knv km[m c W m cmb Htsd
\nt]I Hmlcn \nt]w Bcw`np
Ibpw hfsc Db hnev HmlcnI
hmp Ibpw sNbv Xp. dne bkv ]h
t]mep NqS sF]nHIv At]n
m I\nbpsS hfm km[yXtbm
Hml cn bpsS aqeytam a\ kn em msX
]pXnb \nt]I [rXnImn. Fm
2008 P\phcnbn XpSnb Hmlcn hn]
Wnbnse XIbn Cu \nt]Iv
h\jvSw klntn hcnIbpw XI
XpStXmsS dosbn \nt]IcpsS
hn]Wnbnse kmn[yw KWyambn Ipd
bpIbpw sNbvXp.
2008epw 2009 Hmw ss{Xamknep
ambn hn]Wn \new sXmSpIbpw anI
HmlcnI Akw_Icamw hn[w Ipd
hnebn e`yambncnpIbpw sNbvX
tm Hmlcn hn]Wnbnep Xmcyw
Xs dosbn \nt]Iv \jvSs
ncpp. Fpw Aip`m]vXn hnizmkw
]c Cu Ln \nmWv hn]Wn
Xncnphchv \SnbXv. Atmgpw \Xv
kw`hnm\p km[yXsbbmWv hn]Wn
{]XnênnXv. 2009 Hmw ]IpXnbn
BtKmf kZvhyhsb DtPnnp
Xn \mbn cq] s Spnb ] Xn I
êw ImWpsapw Cybn hopw
A[nImcn h bp]nF km
km nI ]cn jv I cW \S ] Sn Iv
apXqw \Ip sapap {]Xo
IfmWv hn]Wnbnse Xncnphchn\v hgn
shXv . Fm {]XonsXmpw kw`
hnpnsv ItXmsS 2010 Ahkm
\tmsS hn]Wnbn hopw CSnhv XpS
n. dosbn \nt]I hopw kPo
hn ] Wn bpsS Db
\neIfnse sIWnIfn
s]SmXncnm\pw hn]Wn
bn \n t ] I cpsS
Xmcyw Xopw Ipd
ncnp Lfn
e`np kphWmhk
c \jvSsSpmXn
cnm\pw \nt]Isc
klmbnp imkv {Xo
b amb \n t] coXn
bmWv FkvsF]n.
hambn XpSnb Lambn
cpp AXv.
2012 hn]Wn Xncnp
hchv \SnbXpw km
nI ]cnjvIcW \S]SnIv km
\Ip ]cnKW\ \psS kmnI
hf sasSppsa {]Xobnt
emWv . Ctm {]Xonp kmnI
hf kw` hn p I gn bp tm tgpw
hn]Wn ]pXnb Dbcfnsenbnpm
Ipw. AtmgmIpw dosbn \nt]I
hn]Wnbn hopw kPohamIpXv. B
ka bv HmlcnIfpsS aqeyw hfsc
Db \ne bn ep am bn cn pw. hf
FXv XpSbmbn kw`hnpsImncn
p tcJobamb Hcp {]Xn`mka Fv
a\knemmsX Atm hn]Wnbntev
FSppNmSphv ssIs]mnsbpw
hcpw.
imkv{Xobambn \nt]npI,
aqeyn\v hne \IpI
BIjamb aqeyn HmlcnI
e`nptm hmpIbpw Hmlcn hne
\ymboIcnm\mhm hn[w Dbcptm
em` sa Sp p Ibpw sNp n S mWv
\nt ] I hnP bn p Xv . AXn\v
km[mcW \nt]Isc Ghpw IqSpX
klmbnpI knamnIv Cshvsav
m (FkvsF]n) Bbncnpw. hn]Wn
bpsS Db \neIfnse sIWnIfn
sNv s]SmXncnm\pw Hmlcn hn]Wn
bn \nt]IcpsS Xmcyw Xopw
Ipd n cn p L fn e`n p
kphWmhkc \jvSsSpmXncn
m\pw \nt]Isc klmbnp
imkv {Xobamb \nt] coXnbmWv F
kvsF]n.
dos bn \nt ] Iv ]e
tmgpw kw` hn p asmcp ]nghv
HmlcnbpsS aqeyn\v ]Icw hnev
{]mapJyw \Ipp FXmWv. DZm
l c Wn\v 52 Bgv Ns Db
hnebpw Ipd hne bp amWv ]e
\nt]Icpw hne \ymbamtWmsbv
\nWbnpXn\v kzoIcnp Hcp
am\ZWvUw. CXv sXmb coXnbmWv.
Hcp I\nbpsS KpWta Aft
Xv I \n bpsS amt\ Pv sans
anIhv, hfmkm[yX, kmnI
\ne Fnhsb B[mcamnbmWv .
HmlcnbpsS aqeyw hne bn cp m
Hmlcn hnebpw {]Xn Hmlcn hcp
am\hpw Xnep A\p]mXw,
Hmlcn hn ebp w ]p kv XI
aqeyhpw Xnep A\p]mXw
XpSnb am\ ZWv U sfbpw
]cnKWntXpv. Ccw hne
bncpepIfpsS ASnm\n 10
cq] hnebp Hmlcn sNethdnbXpw
1000 cq] hnebp Hmlcn sNehv
IpdXpambnocmw. HmlcnbpsS
hn e F{ X bm bmep w AXn s
aqeysbmWv \nt]I ]cnKWn
tXv.
INVESTMENT
PLANNING
FOR
2013
Fixed Income
2013
nchcpam\
amKfn
Fs\
\nt]nWw?
]eni\ncpI Ipdphcp kmlNcyamWv
Ctm \ne\npXv. sdtm \ncn Ipdhv
hcpm dnkhv _mv Xbmdmbm nc
\nt]fpsS ]eni\ncpI hopw Ipdbpw.
\nt]Icn _lp`qcn`mKhpw nch
cpam\ amKmWv {]m[m\yw \Ip
Xv . HmlcnIfpw kzWhpw dnb Ft
psams nchcpam\amKtfm
t\w \Ip \nt]fmsWnepw
dnkv Iv XmcXtay\ hfsc IpdhmsWXpw
sNdnb XpIIfmbn \nt]nm\pw Ffp
n ]nh en m\pw km[n p sa
Xpw nc h cp am\ amK tfm Sp
\nt]IcpsS B`napJyw \ne\np
p. Hmlcn t]mep \nt]amKfp
ambn XmcXayw sNptm t\w Gsd
IpdhmsWnepw dnkvIpw A{Xtmfw
IpdhmsWXmWv nchcpam\ amK
p kzoImcyXv ASnm\w.
nchcpam\ amKfn Xs _mv
\nt]amWv Ghpw IqSpX t] Ah
ew_np \nt]amKw.
_mv \nt]w t]mep nchcp
am\ amKfn \nt]nm Xm
cysSp ]ccmKX \nt]Iv 2013
Fcnembncnpw? ]eni\ncpI
Ipdphcp kmlNcyamWv Ctm
\ne\npXv. Ign hjw nc
\nt]fpsS ]eni\ncn 11.5 iX
am\w IpdhmWpmbXv. sdtm \ncn
Ipdhv hcpm dnkhv _mv Xbmdm
bm nc\nt]fpsS ]eni\ncp
I hopw Ipdbpw.
Ign hjw dnkhv _mv sdtm
\ncv Ac iXam\w am{XamWv IpdXv.
AXn\p tijw Imjv dnkhv tdtjymbn
Ipdhv hcppI am{XamWv dnkhv _mv
sNbvXXv. Fm cmPyns km
nI hf apcSnp kmlNcyn
sdtm \ncn amw hcpns \ne
]mSv dnkhv _mn\v Gsd \m XpScm
\mIn. 2013 BZy ss{Xamkn Xs
sdtm \ncv Ipdbvm dnkhv _mv
\n_nXamIpsamWv hnZKv[ Nqn
mpXv. sdtm \ncv IpdbptXmsS
_mpIfpsS nc\nt]fpsS ]en
i\ncpIfpw IpdpXpSpw.
_mpIfpsS ^nIvkUv sUtmknp
Ifn \nt]w \Sph ZoLIme
\nt] ] Xn I sXc s Sp p
Xmhpw DNnXw. Bdv amkstbm Hcp
hjstbm {lkzIme \nt] ]
XnIfn \nt]nph \nt] Ime
b fhv Ah km \n p tm ^nIv kUv
sUtmknpIfpsS ]eni\ncv Ctmg
t Xn t\ m Ipd \nc n tev
Fn bn cn p kml N cysbmhpw
t\cn tSn hcn I. Atm ]p\\n
t]w \Sptm Ipd ]eni\n
cv am{Xta e`nq. CXv Hgnhmm
temwKv tSw ^nIvkUv sUtmknpIfn
\nt]npIbmWv sNtXv . ZoLIm
etv Ctmgs ]eni\ncv e`y
amm CXv klmbnpw.
nc\nt] amK Ahew_n
phv _mv ^nIvkUv sUtmkn
pItfm anI \nt] amKfmWv
tImtdv nc\nt]fpw tIm
tdv t_mpIfpw. tImtdv nc\n
t] 12.5 iXam\w hsc hmjnI
]eni \Ip p v . t\w Db cp Xn
s\mw ChbpsS dnkvIpw IqSpXemWv.
I\nIfpsS nc\nt] ]XnIv
tdnwKv GPkn I \In bn cn p
tdnwKv, I\nIfpsS ]qhIme Ncn{Xw,
amt\Pv sans hnizmkyX XpSnb LS
I hnebncpn thWw nc\nt]
] Xn Ifn \nt ]n p Xp kw_
nv Xocpam\saSptXv.
tImtdv nc\nt]tfm
kpc nXw tIm tdv t_mp I
AYhm FknUn (t\m Ith
_n Uns_dpI) BWv. ]eni\n
cv Ipdbptm t_mpIfpsS hne Db
cpsaXn\m 2013 t_mpI anI
{]I S\w \S p sav {]Xo n mw.
Ign hjw ]eni\ncpI Ipdp
XpSnbtm Hcp hn`mKw t_mpI
fpsS hne bn anI apt ap m bn.
2013 dnkhv _mv sdtm \ncv Ipd
bv p Ibpw _mp I fpsS ^nIv kUv
sUtmknpIfpsS ]eni\ncv Ipdbp
Ibpw sNptXmsS t_mv hn]Wn
anI {]IS\w \Sm km[yXbpv.
]e t_mp IfpsSbpw hym]m c n
th{X enIznUnn (Bhiyamb Afhn
\nt]nmt\m ]nhenmt\m km[n
m hn[w hym]mc hym]vXns Ipd
hv) C FXv Hcp \yq\XbmsWnepw
ZoL Im e tv \nt]w \S m
XmcysSphv Db tdnwKp
anI I\nIfpsS FknUnI sXc
sSpv \nt]nmhpXmWv.
_mpIfpsS ^nIvkUv
sUtm kn p I fn \n
t]w \Sph Ip
d ]eni\ncn ]n
oSv ]p\\nt]w \S
tn hcp kmlN
cys Hgnhmm Zo
LIme \nt] ]Xn
I sXc s Sp p
Xmhpw DNnXw.
INVESTMENT
PLANNING
FOR
2013
BiIsf AIn km
t\Snb hnPbw
cv hjn\nsS BZyambmWv ]mesav ktf\n kp{][m\ kmnI ]cnjvIcWfpambn
_s \bfpsS Imcyn kmcn\v apssI InnbXv. ktf\s Imcyaambn D]tbmKn
m kmcn\v Ignp.
BisXp t]mse A]ISsfm
pw kw`hnn. ASnbncLn
bp]nF kmcn\v hnhn[ tImWpIfn
\nv ]npW e`np. ]mesav kt
f\w Ipfamn ssIbn sImSpmsa
Hcp hn`mKns tamlw s]menpt]m
bn.
kp{][m\ kz`mhap \bfpw \nb
a\namWfpw \SmsX t]mIpIbpw
As\ bp]nF km cns Zu_
eys XpdpImpIbpw sNpI F
Xm bn cpp apJy {] Xn ] ]mn bmb
_nsP]n DssSbphcpsS tamlw.
Fm kamPvhmZn ]mn, _nFkv]n,
UnFwsI XpSnb ]mnI ]tcm
ambpw {]Xyambpw \Inb ]npW
kmcns\ XpWp.
cv hj n \nsS BZy am bmWv
]me sav kt f \ n kp{] [m\
kmnI ]cnjvIcWfpambn _
s \bfpsS Imcyn kmcn\v
apssI InnbXv. ktf\s Imcy
aambn D]tbmKnm kmcn\v Ign
p. cmPy k ` bn `qcn ] an m Xn cp
npw kmcn\v ]pdp ]mnIfpsS
]np W tbmsS dos bn taJ e bnse
hntZi \nt]w A\phZnpXp kw_
n thmsSpn hnPbn kmcn\v
_mnwKv \nba t`ZKXn _n, I\okv
_n Fo kmnI ]cnjvIcW
v KXnthKw Iqp cv kp{][m\
_npI ]mkmnsbSpm\pw km[np.
_mnwKv \nba t`ZKXn _nns\bpw I
\okv _nns\bpw FXnncp {]Xn
] ]mnIsf hnizmknseSpm
kmcn\v km[n tXm sS bmWv cv
hjn\nsS Cu _npI ]mkmn
sbSpm ]e XhW \Snb {iaw HSp
hn hnPbnXv.
AXn \n sS Bbn cw tImSn
cq]p apI fn ep ] Xn
Iv A\paXn \IpXn
\mbn {]tXyI a{nk`m
kanXn cq]oIcnp
Xn\p Xocp am\w
\nt ]m cow
sa s Sp p
Xn\p thn bp
kmcns `mK
p \np i
Focus
amb \oambncpp. Cybnse \nt
]mcow Zp_eamIpp F hnai
\s t\cnSm Cu Xocpam\neqsS
kmcn\v Ignp.
]mesav ktf\n ]e A\p
Iqe Xocpam\fpw t\SnsbSpm Xocp
am\nXv kmcns XpSp {]h
\v Gsd BhnizmktaIp
pv. C\n Fm IpIfpw _Pv kt
f\nemWv.
Ah hnbsmgpnbXv
Fn\p thn?
hmamn sbpw dos bn taJ e
bnse hntZi \nt]nsbp t]cn
_nsP]nbpw CS Xp ] ]mn Ifpw
]messan\v AIpw ]pdpw Gsd
hnbsm gp n. dos bn taJ e bnse
hntZi \nt]w A\phZnpXp kw_
n thms Sp n bp]nF km
t\Snb hnPbw ên hnPbasv
hmZnp Pbnm\pw Ah {ianp. Cy
bn sXc s Sp ] W fn
kwm\ kmcns A\paXnbps
n am{Xw km[yamhp dosbn taJ
ebnse hntZi \nt]w hm Cy
bnse Nnd hym]mc taJe apgp h
XIpt]mIpsav hcpn Xom
aWnqdpItfmfw {]kwKnpw hmZKXnI
Dbnpw Ah \Snb ]cn{iaw sNdp
Xmbncpn.
cmjv {So b e y am{Xw apn
Iv \psS \mnse cmjv {Sob ]mn
I "sKbnw sNbndpI' BIp \b
sfbpw kmtXnIhnZyIfpsS {]tbm
K sbpw FXnp Xv CXv BZy a .
Iyq h Imev \psS \mnse
P\ p sXmgn A h k c
CmXmp b{ambn AXns\ Nn{Xo
I cnhcmWv Chn Sps Hcp hn`mKw
cmjv{Sob ]mnI. ]dnI Ds
sS bp Ah iy km [ \ fpsS hn]
Wnsb CS \n e m \nb {n p Xv aq
ew hne bw \nb {n m \p {ia
fn km cp I \nc c ambn
]cm P b s Sp ]m e n
emWv dos bn taJ e bnse
hntZi\nt]w \S n em
p Xv Fn cns,
AXns KpW h i
sf apgph Xn
fpsImmWv
hnaiI kmcn
s\ Xnsc AWn \n c
Xv.
]mesans ioXIme
ktf\n ]e A\p
Iqe Xocpam\fpw t\Sn
sb Sp m km[n Xv
kmcns XpSp
{]h \ v Gsd
BhnizmktaIppv.
C\n Fm Ip Ifpw
_Pv ktf\nemWv.
Hmlcn \nt]w kw_n hmb\mcpsS
kwibv slUvPv CIznokv
No^v FIvknIyqohv Hmôk
F.`pht\{ adp]Sn \Ipp
tNmZyv adp]Sn
Q&A
tNm: alo{ & alo{, sFknsF
knsF _mv, BIvknkv _mv, F&Sn,
tZ\m _mv, Fkv_nsF, lnUmtIm,
AtimIv sebvemv, Smm o, Smm
tamtmgvkv Fo HmlcnIfn \nt]w
\Sm A\ptbmPyamb ASp cv
hne \nehmc Adnbm Xmcyap
v .
\ncRv P\
tNm: XmfpsS \ntZi {]Imcw Rm
F&Sn ^n\mkns 10,000 HmlcnI
52 cq]v hmnbnpv. Hmlcn hne 87
cq] bn se n b tm Xm \Inb
\ntZiw A\pkcnv `mKnIambn em`sa
Spp. XmfpsS B \ntZiw hfsc ê
{]Zambncpp. Ctm Xmgv hnebn
hopw Hml cn I hmm F\nv
Xmcyapv. ]p\\nt]w \Sp
Xn\v tbmKyamb hne\nehmcw \ntZin
mtam? 240 cq]v hmnb `mcXn FbsS
ns HmlcnIfpw Rm ssIhiw shp
pv. Cu Hmlcn XpSpw ssIhiw
shmtam?
{]Zo]vIpam
D: F&Sn ^n\mkv 70 cq]v Xmv
hmmhpXmWv. iamb Xncpen\p
tijw `mcXn FbsS 230 240
cq]bntev Xncnsnbnpv . a[yImem
Snm\n 359, 403, 447 Fo \nehm
cfntev Hmlcn hne Dbcm km[y
Xbpv.
tNm: 87.50 cq]v hmnb Atmtfm Stb
gvkns 600 HmlcnI Rm ssIhiw
shppv. Cu HmlcnbpsS hne Db
cm km[yXbptm? hopw hmp
Hmlcn hmmhp
hne (cq])
alo{ & alo{ 880, 810
sFknsFknsF _mv 1100, 1020
BIvknkv _mv 1250, 1150
F&Sn 1590, 1530
tZ\m _mv 105, 90
kuv Cy _mv 22, 19
lnUmtIm 120, 107
AtimIv sebvemv 24, 21
Smm o 400, 370
Smm tamtmgvkv 267, 240
Xn\mbn ]cnKWnmhp hne \nehmcw
Adnbm Xmcyapv.
dnbmkv, J
D: Atmtfm Stbgvkv 102 cq]bntev Db
cm km[yXbpv . 7570 cq]bntev hne
CSnbpIbmsWn hopw HmlcnI
hmmhpXmWv .
tNm: a[yImetv \nt]npXn\v
BIj I amb aqey n hym]mcw
sNp ctm aqtm HmlcnI \ntZ
inmtam? dnebkv Imn, F&Sn
^n \mkv , bq Wn sS v , aW p dw
^n\mkv , CtUm hnUv F\Pn,
InMv^nj Fbssekv Fo Hmlcn
Isf Ipdnp XmfpsS A`n{]mbw Adn
bm\pw Xmcyapv.
at\mPv
D: lnUmtIm, AtimIv sebvemv,
s` Fnh a[yImetv \nt]n
pXn\v ]cnKWnmhp BIjI
amb aqeyn hym]mcw sNp Hml
cnIfmWv .
dne bkv Imn en\v 485 cq] bn
iamb kZapv. Cu kZw t`Zn
p I bm sW n Hmlcn hne 520, 610
Fo \nehmcfntev Dbtmw.
440 cq]bnemWv Xmv.
ZoLIme\nt]n\v A\ptbmPy
amb F&Sn ^n\mkv 70 cq]v hmm
hpXmWv. bqWnsSv, CtUmhnUv
F\Pn, InMv ^nj Fbssekv Fo
HmlcnI \nt]n\v A\ptbmPya.
aW p d ns Hmlcn hne 42, 60
Fo \nehmcfntev Dbtmw. 29
cq]bntev CSnbpIbmsWn am{Xw
hnsmgnbpXcn Cu Hmlcn ssI
hiw shpI.
Hmlcn Fw hmnb
hne (cq])
sssev 100 97.79
Ckv{Sokv
Fkv sF_n 400 23.12
AtimIv 300 26.75
sebv emv
F&Sn 100 89.50
^n\mkv
skbn 100 84
XpSv Cu HmlcnIfn Rm kzoIcn
t kao ]\w FmWv ? qm,
lnUmtIm, Smm tamtmgvkv, alo{
& alo{, `mcXn FbsS, hnKmUv
Fo HmlcnIfnepw \nt]nm B{K
l ap v . Cu Hml cn Isf Ipdnp
XmfpsS hnetbdnb \ntZi {]Xo
npp.
kpss_ F.F
D: sssev C kv {Sokv , AtimIv
sebvemv, F&Sn ^n\mkv, skbn
Fo Hml cn I ZoL Im emSn m \
n ssIhiw shmhpXmWv . kuv
Cy _mv 28 cq]v `mKnIambn hnv
em`saSppIbpw _mn HmlcnI ZoL
Im e tv ssIhiw shp Ibpw
sNpI.
qm, hnKmUv Fo HmlcnIfn
\nt ]m h k cw e`n p Xn \mbn Hcp
Xncp Dm Ip Xp hsc Imn cn
pI. lnUmtIm, Smm tamtmgvkv,
alo{ & alo{, `mcXn FbsS Fo
HmlcnIfn Ctm apX ]e L
fnembn \nt]w \SmhpXmWv. Cu
I\nIsfmw ZoLIme Hmlcn \nt
]n\v A\ptbmPyamWv.
tNm: Ign aqv amkn\nsS Rm
hmnb HmlcnIfmWv Xmsg sImSpncn
pXv.
sF]nH hn]Wnbn DWhv
2007epw 2008 BZynepw sF]nH (C
\ojy ]nIv Hm^) hn]Wnbn Dm
bXp t]msemcp DWhv ]noSv Hcnepw
Dmbnn. NqS sF]nHIfpw dosbn
\nt]IcpsS Akmam\yamb ]mfn
hpambn Hmlcn hn\bpsS {]mYanI
hn]Wn Amev Atbw kPoh
ambn. 2008se CSnhn\p tijw hn]Wn
XncnpIbdnbtmgpw 2007teXp t]mse
sF]nH hn]Wnv NqSp]nSnn.
Hmlcn hn]Wn cv hjs Db
\nebnsenb Unkw_dn sF]nH
hn]Wn hop kPo h am Ip Xns
kqN\IfmWv IXv . `mcXn C{^msS
enanUv, ]nkn Pz enanUv, s{IUnv
A\m en knkv B v dnkv enan Uv
Fo aqv I\nIfpsS ]nIv Cjyp
hmWv Unkw _ dn \S Xv . s{IUnv
A\menknkv Bv dnkv enanUns
bpw ]nkn Pz enanUnsbpw sF]n
HIv anI {]XnIcWamWv e`nXv.
s{IUnv A\menknkv Bv dnkv enan
Uns ]nIv Cjyp \mev]Xv aSn
tesd k_v kv ss{I_v sN tm
]nkn Pzdns sF]nH Ggv aSv k_v
kvss{I_v sNsp.
`mcXn FbsSns k_vknUnbdn
bmb `mcXn C{^msSns sF]nHv
dosbn \nt]Icn \npw anI
{]XnIcWw e`nnsnepw CXv sF]nH
hne AanXambXp ImcWamsWmWv
NqnmWnsSpXv. CXpaqew I
\nv ss{]kv _mnse Ghpw Xmgv
hnev Hmlcn Cjyp sNtnhp.
Hmlcn hn]Wn IpXnv XpScpIbmsW
n anI I\nI sF]nHIfpambn
XpSpw Fpsapw CXv {]mYanI
hn]Wnv IcptIpsapamWv {]Xon
sSpXv.
tImtdpIv
Akqb aqm...
AtX kabw sF]nHIv accw
Kp av I\nI ""]mcshp''
{]hWX iamIpIbmsWmWv sk_n
sNbam bp.sI.knl ]dbpXv. Hcp
I\n sF]nHbpambn aptmphcptm
Htd ]cm Xn I e`n m dp spw
\smcp ]v ]cmXnIpw ]nn a
ccwKp av I\nIfmsWpw bp.
sI.knl shfnsSppp.
FXn cm fn I fmb av I \n I fpsS
{]h \ \nco n m\mbn ]e
I\nIfpw {]tXyI Hmôkv m]np
p, av I \n I ^v kam l cn
pXnt\m GsSp \SpXnt\m
bp {]h\fn GsSptm
B I \n Is Xn sc \ow \S
m\pw Btcm ] W D bn m\pw
\nt]IcpsS {KqpIsf kzm[o\nm
]e I \n Ifpw {ian p p bp. sI.
kn lbp sS shfn s Sp ep I
Cs\ t]mIp p . I \n I fp sS
{]h \ sf \nco n m\pw Ah
sXmb Imcy sNp p tm sbv
]cn tim [n m\pw kwhn [m \ \ne
\ns av I \n Isf \nco n m
FXn cm fn I Fn \mWv C{X _pn ap
p sX Atlns tNmZyw Gsd
{]kamWv.
Corporate Actions
Unkw_dn t_mWkv {]Jym]n I\nI
Company Name Annoncement Ratio Ratio
Date Offered Offered Existing
YatraNatural Resources 18/12/2012 5 2
Gammon Infrastructure 17/12/2012 1 34
Projects
CompanyName Announcement Dividend Dividend XDDate
Date Typ (%)
MphasiS 5/12/2012 Final 170
Arihnt Found 30/11/2012 Final 10
J eypore Suga 30/11/2012 Final 25
AutomtvAxles 29/11/2012 Final 100
MRF 29/11/2012 Final 190
Escorts 27/11/2012 Final 12
BajajHindstn 26/11/2012 Final 10
WalchdngrInd 26/11/2012 Final 50
Siemens 23/11/2012 Final 300
Nelco 22/11/2012 Final 5
Triveni Eng 21/11/2012 Final 10
UnhnUv {]Jym]n I\nI
Unkw_dn ]p\\maIcWw sNbvX I\nI
Effective Company Name Company Name
Date (New) (Old)
19/12/2012 Radford Global Ltd. PS Global Ltd.
6/12/2012 Shree Ganesh J ewellery Shree Ganesh
House (I) Ltd. J ewellery House Ltd.
5/12/2012 Damodar Industries Ltd. Damodar Threads Ltd.
5/12/2012 Vaibhav Global Ltd. Vaibhav Gems Ltd.
Dividend Type - Final: hmjnI UnhnUv,
Interim: CSme UnhnUv,
Ex-Dividend Date: Cu XobXnbpsS Xte Znhkw hsc HmlcnI
ssIhiw shhp am{Xta UnhnUn\v tbmKyXbpmbncnpIbpq
Market Trends
ssN\okv hn]Wnbnse Ahkc
ASpdnbm\mbn Hcp bm{X
ssN\bn G{]nen \Sp Im hym]mc taftbmSv A\p_nv Aae C\mjW kwL Snn
p bm{X temInse Ghpw henb hn]WnIfnse ]p{]hWXI ASpdnbm\p A]qh
Ahkcambncnpw.
ssN\ bnse Aae C\m j W
F m] \ ns DS a bmb Aa
IrjvW F sNdpmc ssN\bn
tev \nsf Hcp bm{Xv WnpI
bm Wv . A tXmfw t]sc ]s Sp nv
Aae C\mjW kwLSnnpXv
ssN\bpsS {]IrXn`wKn \pIcm\pw ASn
ps]mfnm\pap Hcp Dmkbm{Xb.
]t ssN\bnse cmPymc hn]WnI
fpsS temIw Fsv Adnbm\pw ^Wn
apX CeIvt{SmWnIv km[\
hsc hmptm e`np kmnI
em`w F{Xtmfsav a\knemm\pw
AXv t\cn A\p`hnm\pw Xmcy
ap, hym]mc coXnIfpsS ]pXnb {]h
WXIfntev a\kv Xpdpshncnp
Hcp _nkn \ kp Im cs a\ kv \n
psn Cu bm{X \nv ASn
s]mfnbpw DmkIchpsams Bbncnp
sa Imcyn kwiban.
""hnZKv [cpsS klmbtmsS ssN\okv
hn]WnIsf Ipdnv ]Tnm\pw `mhnbn
AXv {]tbm P \ s Sp m\pw sNdpInS
kwcwÌpw hym]mcnIpw Cu bm{X
klm b I am Ipw. ssN\bnse hInS
hn]WnIfpsS cmPymc {]uVn Fsv
Adnbm\pw hnZKv[cpsS klmbtmsS
hnebnepw KpWnepw Ghpw anIXv
Is m\pw \qX \ amb D
]cnNbsSm\pw Cu bm{Xbn ]sSp
phv km[npw.'' Aa IrjvW
]dbpp. cmPymc \nehmchpw hnep
dhpw ktfnp D ssN\
bn \nv CdpaXn sNm\p tkh\w
\Ip Aa IrjvWbpsS DSaX
bnep Aae C\mjW D]t`mm
fpsS Bh iy v A\p k cnv
Ahsc ]sSpnv bm{XI \Smdp
snepw Ccsamcp "IIvSUv Sq'
BZyambmWv \SpXv. G{]nen \S
p Sq 14 Znhkw \op\npw.
ssN\bn G{]nen \Sp Im
hym]mc taftbmSv A\p_nmWv
Aae C\mjW Cu bm{X kwLSn
npXv. cmPymc \nehmcap Hcp
hym]mc A\p`hw Cu tafbn ]sSp
phv e`npw.
aqv hInS hn]WnIfnte
p kmcw
temI nse Xs Ghpw henb
hn ] Wn I fn Ds Sp bn thm,
jpWvsU, sjk Fo taJeIsf
tI{oIcnmbncnpw bm{X. ssN\bpsS
Itm Unn knn Fv Adn b s Sp
bnthm temI nse Ghpw henb
New Business
temInse Ghpw henb kvtam ItmUnn tlmskbn ammb bnthmbpsS Zriyw
Aae
C\mjW
\Ip
tkh\
kv tam ItmUnn tlmskbn am
mWv. hontep th sNdnb km[\
, XpWnc, lmUvshbdpI
XpSnb FmXcw sNdpInS km[\fpw
ChnsS e`yamWv. 43 tImSn NXpc{ibSn
bnembn 62,000Hmfw tjmpIfmWv bnthm
amnepXv.
temI n se Ghp w hen b
tlmskbn ^Wn hn]WnbmWv
jpWvsU. 3.23 tImSn NXpc{ibSnbnembn
hym]np InSnp jpWvsUbnse hn]
Wnbn 3,300 ^Wn Uoeamcpw 1500
^Wn \namXmfpw {]hnpp
v. Ccp]Xn\mbnc
n tesd Xcw
^Wn dp I fmWv
Cu hn ] Wn bn
e`yambncnpXv.
s s N\ bn s e
BZys {]tXyI
kmnI taJe
bmb sjsk
Cv temI nse
Ghpw thKn
hf cp \K c fn
sem m Wv . ssN\
bnse Ghpw hen
b DmZ\ taJe
I f n s em m b
sjsk Ce
Ivt{SmWnIv km[\
fp sS hIn S
hn]Wn IqSnbmWv.
Cu aqv taJe
Ifnse hn]WnIsf
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k c ambncnpw Aae C\m j W
kwLSnnp bm{X \IpXv. CXn
s\mw G{]n en \S p Im
hym]mc tafbn ]sSpm\pw km[n
pw. ssN\bnse Ghpw henb hym]mc
tafbmb Im hym]mc taf ssN\bn
_nkn\kv _ m]nm\p
Ghpw anI AhkcamWv. aqv L
fnembmWv taf \SpXv.
tjmnwKv emÌcamm
Aae Xpdp ssN\bn
tep hmXn
bpF kv , bqtdm v , K^v XpS nb
cmPy fnse hn] Wn Isf ey amn
\nanp DX \nehmcap D
fpsS hensbmcp hn]Wn Xs ssN\
bnepv. cmPymc \nehmchpw hnep
dhpw ktfnp Ccw D
ssN\bn \nv CdpaXn sNm\p
tkh\amWv Aa IrjvWbpsS DSa
Xbnep Aae C\mjW \Ip
Xv. ssN\okv D sXcs
Spm\mbn AhntSv t]mIm\pw Ahn
Sps hn]WnI ]cnNbsSpm\pw
Aae C\mjWens tkh\w e`y
amIpw. jnv sav NmPv , tkh\n\p
NmPv Fnh DssS D tIc
f n se n m \p samw sNehv
ssN\ bn t\cnp t]mbn
km[\ hmphv Ahn
Sps hn]Wnsb Ipdnp ]cn
Nbpdhpw Gjybnse Ghpw
hen b cmPy n s `qan im
kv {Xhpw `mjm {] iv \hpsamw
{]Xn_fmIpw. AsXmw
adn I S m Aae C\m j
W ssImmWv .
ssN\ kinpXn\p
tcJI Aae C\mjW
Xbmdmn \Ipp. hnam\m
h f n sNv Cd p tm
Aae C\m j W ens Hcp
{]Xn \n [nbm bn cnpw \nsf
kzoI cn p Xv . Xncn p t]m Ip
Xp hscbp Fm Imcy
pw Cu { ]Xn \n [n bpsS
tkh\w \nv e`npp.
anI hnXcWmscbpw anI
km[\fpw Ism\pw AXv
hnepd hn e`y am m\pw
Aae C\mjW \nsf
klmbnpp. t]sav apgph
ssN\okv Idknbnembncnp
saXn\m AXp hgn Xs
km[ \ hmp Xn \p
sNehv KWy ambn Ipd bv m
\mIpw.
]tkv HmU e`n p I gn
m km[ \ Aae
C\mjWens shblukn
tev Fn p Ibpw {]o jn
vsav Ckvs] \Sp
Ibpw sNpp. e`yamb D
fpsS KpWta hopw ]cn
tim[npXn\mbmWv {]ojn
vsav Ckvs] \Sp
Xv.
hmnb km[\fpsS _nv
XbmdmpXpw Aae Xsbm
Wv. Isbv\dn ew _pv
sNbvXv km[\ Cybnse
npXp hscbp tPmen
Ifpw Aae sNpp.
IWnemnbmepw tjmnwKv 60 iXam
\ tmfw em` I c ambncn p samWv
Aae C\mjW AhImisSpXv .
tIc f n _nkn \kv \Sp
hpw hyn KX Bh iy mbn
D hmp hpw Aae
C\m j W ens tkh\w D] tbm Kn
mw. tlmepIfpw _nkn\kv m]\
fpw ^vfmpIfpw hnIfpw \nanp
hv km\ndn, hpUv, ssenwKv, skIyq
cnn D]IcW, ^Wn, Cocnb
Unssk\nwKv hkvXp XpSn sInSw
HcppXn\p thsXmw ssN\bn
\n v Cd p aXn
sNm\mIpw. hyh
km bn Iv Ce
Ivt{SmWnIvkv D]I
cW, b{kma
{KnI XpSnbh
CdpaXn sNp
Xn eqsS X fpsS
D fp sS
KpW\nehmcw h
[nnm\pw sNehv
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pw. hyn KX
Bh iymbp
slvsIb,
kvt]mSvkv KpUvkv
D hmp
hpw hnepd
hpw KpWqSpXepw
Dd p h cp m
ssN\bnse hn]
WnIsf B{i bn
mw.
XmcXayw sNm\mhm
KpW\nehmcw
ssN\bn \nv CdpaXn sNp
DfpsS \nehmcs ]etmgpw
ChnsS e`yamb Dfpambn Xmc
Xayw sNm \m In . \ne hm c nse
Acw Xs ImcWw. hnebnepapv Cu
Acw. ssN\bn \nv Xm hmnb
\mev akmPv sNb dp Iv 65,000 cq]
am{Xw hne htm ChnsS Acn
ep Hcp km[m cW sNb dn\v am{Xw
A{Xbpw hnebpsv Aa Irjv W ]d
bpp.
Aae C\m j W ens tkh \
nse anIhn\v kmyamIpXv m]
\ns tkh\w D]tbmKsSpph
Xs bm Wv . "" temPn n v kv ssI
Imcyw sNpXmWv Hcp _nkn\kpImc
s\ \ne bn Rm t\cn Sp Hcp
{][m\ {]iv\w. kbamcpambp Iayq
Wntj\nse {]iv\ aqew ]etm
gpw Htsd kabw Iftbn hcp Ah
F\nv t\cntSn hnpv. A
cw {]iv\v Hcp ]cnlmcambXv Aa
e C\mjWens tkh\w e`npXpS
nbtXmsSbmWv.'' Aae C\mjW
ens tkh\w D]tbmKsSpp hym]m
cnbmb hn.sI.B.tat\m ]dbpp.
ssN\, tlmtmwKv, sImn FnhnS
fn emWv Aae C\m j Wens
HmôkpI {]hnpXv. sImn
bn aqv HmôkpIfpv. IqSpX hnh
cv: www.amalainternational.com,
Csabv : amalahongkong@gmail.
t^m: 96459 00607.
Aa IrjvW
Cy Im
hn]Wnbnse
cmw m\w
\ne \nm
lpmbn
IpXnptm
Hcp HmhtSnwKn
eqsS cmw
m\ s m
\p acnem
Wv Smm tamtm
gvkpw alo{ &
alo{bpw.
Auto Check
Im hn\bn amcpXn kpkpInbv p
{]Ya m\w ASp Imesmpw ssIb
Sm km[npsav asmcp I\nbpw
tamlnpn. Fm cmw m\s
m Cu I\nIv amcpXnbpsS HuZmcyw
Bhiyantm. cmw m\n\p thn
bmWv Cybnse aqv Im \namXm
Xn InSacw \SpXv.
\nehn lpmbnmWv Cybnse Im
hn\ hn]Wnbn cmw m\w. AXv
\ne \nm lpmbn ]c am h[n thK
n IpXnptm Hcp HmhtSnwKneqsS
cmw m\sm\p AXnthK a
c n em Wv Smm tamtm gv kpw alo{ &
alo{bpw.
\Sp kmnI hjw G{]n apX
\hw_ hscbp Fv amkn\nsS 6,72,420
ImdpI hn amcpXn kpkpInp ]nnembn
2,75,763 ImdpI hn lpmbn hn]Wn ]m
fnn cmw m\mWv . Fm B
m\w Hcp HmhtSnwKneqsS t\SnsbSp
m\mWv Smm tamtmgvknsbpw alo{ &
alo{bpsSbpw {iaw.
Im hn\bn lpmbnbpsS sXmp
]nn Xs Smm tamtmgvkpv. G{]n
apX \hw_ hsc Smm tamtmgvkv hnXv
2,63,352 ImdpIfmWv. \hw_dn lpmbn
tbm IqSpX hn\ Smm tamtmgvkv
\SnbXv IWnseptm Cybnse
Im hn]Wnbnse {Smn acw ISpp
pshv hyw. Smm tamtmgvkv \hw_
dn 66,500 ImdpI hntm lpmbn hnXv
55,762 ImdpIfmWv.
hn]Wn ]mfnn \memw m\p
\np alo{ & alo{ CcpI\nIpw
iamb shphnfn Dbppv. G{]n
apX \hw_ hsc alo{ & alo{ hnXv
2,22,794 ImdpIfmWv. \hw_dn am{Xw Ah
48,143 ImdpI hnp.
lpmbnbpw Smm tamtmgvkpw Xn CS
bvnsS cmw m\w ]ckv]cw ssIamdp
]Xnhpv . \mt\m hn]Wnbnsenbtm Smm
tamtm gv kn\v e`n cmw m\w ]noSv
lpmbn Xncnp]nSnp. \mt\m {]Xon
hnPbw t\SmsX t]mbXpw hn]Wnbn am
n\v XpSw Ipdnp ]pXnb tamUepI
Hpw hn] Wn bn en d m Ign bmsX t]m
bXpw aqew Ign aqc hjambn Smm
tamtmgv kn\v hn]Wn ]mfnn Imcyamb
aptw \Sm km[nmsX t]mbn. AtX
kabw \mt\mbpsS Uok tamU ]pdnd
ptXmsS AXv asmcp "sKbnw sNbv'
BIpsamWv I\nbpsS {]Xo. 2013 A
hkm\tmsS ]pdndpsav {]Xon
sSp \mt\m Uok nmbm cmw
m\w \ne\nm lpmbn hnjanpw.
CXphsc ctm aqtm m\fnsem
km[nnnsnepw \mN{I hml\ hn]Wn
bn AXnthKamWv alo{ & alo{bpsS
hf. bqnenn hml\fn{][m\ ambpw
{i tI{oIcnncnp alo{ Cu hn`mK
n t\Sp KWyamb hn]Wn ]mfnw
IWnseSpptm Ah apnep cv
I\nIpw Dbp shphnfn F{X
tmfsav hyw.
\Sp kmnI hjw CXphsc Im
hn\ aqv iXam\w am{Xw h[ntm
bqnenn hml\fpsS hn\bnepmbXv
61 iXam\w hfbmWv. \mN{I bm{Xmhm
l \ fpsS hn \ bpsS An sempw
Ctm bqnenn hml\fmWv. Izmtm,
FIvkv bp hn 500, sdIvkvtSm Fo tamU
epIfneqsS Cu hn`mKn alo{v i
amb kmn[yamWpXv. Cu hjw bqnenn
hml\fpsS hn\bnepmb iamb
hf alo{v hn]Wnbn IqSpX hn]p
eamb kmn[yw Ism\p hgnbmWv
XpdncnpXv.
lpmbnsb
HmhtSv sNm
Smbpw alo{bpw
Xn acw
lpmbnsb
HmhtSv sNm
Smbpw alo{bpw
Xn acw
Tech Time
hmvkvBv hfcpp,
FkvFwFkv
acnpp
kvamvt^m D]tbmKw hym]IambtXmsS FkvFwFkv
F Xmdmhv C\n A[nIImew s]mapbnSnsv
sSentImw I\nIv t_m[yambngnp.
sSIv t\mfPn cwKv {]hn p
I\nI t\cnSp dnkvIpIfnsemv
kmtXnIhnZybn hcp am X
fpsS hcpam\s Fcn _m[np
saXns\ Ipdnp A{]hN\obXbm
Wv . UnPn Iymad {]NmcnembtXmsS
tImns ^nenw \namW _nkn\kv
At[mKXnbnemhpIbpw kvamv t^m
samss_ t^m D]tbmKs amna
dntm kmtXnIhnZybnse B amw
_nkn \ kn AXn thKw {]Xn ^ en n
m IgnbmsX t]mb t\mnbsb ]n
nemn hn]Wn ]mfnn Gsd
]nnembncp kmwkMv Hm \cn
tev IpXnp Ib dp Ibpw sNbv XXp
t]mse sSIvt\mfPnbnse \hoIcW
I\nIfpsS _nkn\kpIsf ASnapSn
amnadnpp. samss_ t^mWpIv
IW \Ip I\nIv ]pXp
Xeapd samss_ t^mWpIfnse ô
dpI ]mcbmIp sshNn{XyamWv kmt
XnIhnZybnse am Hcp hn`mKw I
\nIfpsS _nkn\kns\ {]XnIqeambn
_m[npXns GhpsamSphnes
DZmlcWw.
tjmv satkPv khokv AYhm
FkvFwFkv temIv ]ndphoWnv 20
hjw Ignbptmtgpw AXns P\
{]oXn Ips\ Ipd bpp F XmWv
samss_ t^m tkh\ ZmXmfmb
I\nIfpsS hcpam\s Xmtgm
tv \bnp ]pXnb {]Xn`m
kw. Cv satkPnwKv Sq
Bb hmvkvBv, mvs_dn
sa Fnh Fkv Fw F
kns Ime\mbn amdnsmncnp
IbmWv . samss_ t^mWpI hgn
D]t`mm Abp Fkv FwF
kpIfn \npw shmUmt^mWpw `mcXn
FbsSpw sFUnbm skp emdpw
t]mep samss_ tkh\ ZmXm
Dmnbncp hcpam\w Ips\ Ipd
phcnIbmWv.
Cu hjs shmUm t^m Wns
FkvFwFkv hgnbp hcpam\ns
IWv ]cntim[nm hynI ]c
kv]cw Fkv FwFkv AbpXv Ipd
Iv {]Nm ctadn . kv amv t^m
hgnbp Cs\nsbpw Cs\ns
]npWtbmsS {]hnp Bnt
j\pIfpsSbpw D]tbmKw h[nph
tXmsS sFt^m, Bt{UmbnUv, m
vs_dn, hntUmkv Fo hnhn[ m
vt^mapIfn D]tbmKnmhp t{Imkv
mv t^mw samss_ satkPnwKv mv t^m
amb hmvkvBv samss_ t^m D]
tbm m fpsS {]nb s Bn t j
\mbn amdn. ktip ]pdsa t^m
tmbpw hoUntbmbpw ssIamdm\p
kuIcyw hmvkv Bns P\Io
bX h[nnp. Hcp hjw hm
v kv Bv ssIImcyw sNp
kt i fpsS Fw
icm icn 1000 tImSn
bmWv FmWv
IWv .
p h cn I bm sWv hyw.
Ign hjw hyn I ]c
kv]cw Abp Fkv FwFkpI
fn eqsS 617.40 tImSn cq] bmWv
shmUmt^m Cy Dmnb
hcpam\w. Cu hjw AXv 481.6
tImSn cq]bmbn Ipdp. Fkv Fw
Fkv hgnbp sSentImw I\n
IfpsS hcpam\w C\nbpw Npcppw.
ASp cv hj n \p n
FkvFwFkv hgnbp hcpam\w
4050 iXam\w Ipdbm\mWv km[y
Xsbv I\n Xs hyamp
p . Fkv Fw Fkv hgn bp
sSentImw I\nIfpsS hcpam\
ns 75 iXam\hpw hynI
]ckv]cw Abp FkvFwFkv hgn
bmWv. kvamvt^m D]tbmKw hym]I
ambtXmsS Fkv FwFkv F Xmdmhv
C\n A[n I Imew s]map bn Sn sv
sSentImw I\nIv t_m[yambn
gnp.
Ign hjw hmvkvBv t]mep
Cv satkPnwKv SqfpI ssIhcn
hf Akm[mcWamWv. kvamvt^m
D]tbmKw s]cpInbtXm
sS Cu Bn
t j \p
Agri Culture
Bbpkn\pw
BtcmKyn\pw
ssPhIrjn
BtcmKyap apw Icpp hnfIfpw
kpncamb DmZ\hpw aen\am Pehpw
ipamb Acohpw \ne\npXneqsS
am{Xta ssPhIrjn \Snemm Ignbq.
Cu LSIsfmw bmYmyamIWsan
Bmamb ]cn{iahpw thWw.
kn.lcnlc
sXmb `Wio
efmWv ]etmgpw
\s tcmKn\v ASn
a I fm p Xv . `
Ww Xs tcmKs
{]Xn tcm [n m \p
acp m Ip t m
BtcmKytmsSbp
PohnXw \apv Xncn
p]nSnm\mIpw. \ `Ww am{Xw Ign
pI F ioentev XncnsI t]mtI
Xv \psS BtcmKyw Impkqn
m A\nhmcyambncnpp. Ac
samcp amw hym]IamIWsan ssPh
Ir jn bpS {]Nm c hpw hym] I am I Ww.
hnjw Xom ]gfpw ]dnIfpw
Ignm ssPhIrjnbmWv \apv Ah
ew_w.
ans kzm`m hn I amb hf qdpw
ssPhnIamb t]mjW KpWhpw D]tbm
Knv sNpXmWv ssPhIrjn. {]IrXn
tbmSv anSpXn\v ]Icw kackspsIm
mWv ssPhIrjn sNtXv. BtcmKy
ap apw Icpp hnfIfpw kpnc
amb DmZ\hpw aen\am Pehpw
ipamb Acohpw \ne\npXn
eqsS am{Xta ssPhIrjn \Snemm
Ignbq. Cu LSIsfmw bmYmy
amIWsan Bmamb ]cn{iaw
IqSntb Xocq.
apw Pehpw hmbphpw Imemhbpw
amv hnt[bambnsmncnp
kmlNcyn an{XIoS \inp
Ibpw i{XpIoS s]cpIpIbpw an
PohmWp Ipdv ssPhmwiw \jvS
sSpIbpw sNbvX AhbmWv Dm
bncnpXv. AXpsImp Xs Irjn
sNp CSsbpw ans\bpw ssPh
Irjnv {]m]vXammsX s]ssmcp
Znhkw ssPhIrjnbneqsS ]dnIfpw
]gfpw DmnIfbmw Fv hnNmcn
ans ssPhin Fv ]dbpXv
AXnep sNdpXpw hepXpamb PohnI
fmWv. Cu PohnIsf \ne\npXn\pw
hfpXn\pw {intXpv . ssPh
hkvXp hnLSnpXneqsS Dm
Ip ""lyqakv '' BWv anse DuP
ns DdhnSw. {]IrXnbnse Fm ssPh
h kv Xp sfbpw \nt ]n p sImv
ans\ BtcmKyapXmm\pw AXnse
hmbp{]hmls kpKaamm\pw km[n
pw. ssPhhkvXp AgpIn, aXcn
Ifn ]nnSnv, Pemwiw ]nSnp\nn
kqv amWpv hfcpXn\p kml
Ncyapmpp. CXv IcptmsS sNSn
I an hfcpXn\v klmbnpp.
ssPhIrjnbn \mw hnnsb, ans\
bmWv apfntXv.
an ssPhmwiw DmpXn\pw
kqvamWpfpsS {]h\w h[nn
pXn\pw Pekw`cWtijn Dmp
Xn\pap Nne Imcy hniZammw.
sNSnIv D]{ZhImcnIfmb IoSsf
AIn\nnsmp IoS\nb{W
amKfmWv ssPhIrjnbn Ahew_n
tXv ; AmsX sNSnIfnsep IoS
sf \innpIb. sNSnIfntev IoS
BIrjv ScmIpXv AXn\v A\ptbm
Pyamb AcoapmIptmgmWv. ap
bnSm ]nb {]Xehpw CjvSm\pkcWw
kcnm\p Acohpw IoSsf
BIjnp aWfpsamsbmWv IoS
sNSnIsf B{IanpXn\v ImcW
amIpXv. IoSsf BIjnp Cu
kml Ncy sf sbms Cm Xm n
sImmWv ssPhIrjnbn IoSfpsS
B{IaWw XSbpXv.
tcmK XS bp Xn\v Btcm Ky
tmsS sNSn Isf hfn sb Sp p I
bmWv ASp Lw. tkmbn tkmfssd
tkj, anwKv, s{StmUa tN
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ans\bpw ssPhIrjnv
{]m]v X am msX s]s
smcp Znhkw ] dn
Ifpw ]gfpw DmnI
fbmw Fv hnNmcnm A
Xv {]mtbmKnIa. Lfm
bp {]h\fneqsS
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bmWv \ Irjn coXnbpsS
XpSw.
sNSnIfn karambn
ASnbncnp aqeI
m \Sp Imcya. Lfmbp
{]h\fneqsS ans\ Poh\pXm
pIbmWv \ IrjncoXnbpsS XpSw.
sNSn aqeIw
hmf ]pfnbne knv
Idnthne Atb
apcnbne Imyw
Newhc Imyw
sNcnbne tIm
Fcpv t_mtdm
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hgpX\ aojyw, amwK\okv
]q tamfn_n\w
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ans ssPh i n F
v ]dbpXv AXnep
sNdpXpw hepXpamb Pohn
IfpsS kaqlamWv . Cu
PohnIsf \ne\np
Xn\pw hfp Xn\pw
{intXpv. ssPh
hkvXp hnLSnp
XneqsS DmIp ""lyqa
kv '' BWv anse DuP
ns DdhnSw.
^wK, _mIvSocnb tcmKn\pw
IoSv FXnscbpw ê{]Z
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qv Xbmdmp hn[w
Bhiyamb hkvXp:
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Wn, B, Fcpv, Xpfkn, Imncw,
Bcythv, Icnm, Dw, BStemSIw
Fnhbn GsXnepw 6 Fns
CeI : 5 Intem {Kmw hoXw
NmWIw : 50 Intem{Kmw
tKmaq{Xw : 20 en
ISenWmv : 10 Intem{Kmw
ic : 15 Intem{Kmw
thn]nWmv : 10 Intem{Kmw
shw : 150 en
Xbmdmp hn[w:
sNSnIfpsS CeIfpw XpIfpw sImn
bcnv NmWIhpw tKmaq{Xhpw shhpw
tNv 20 Znhkw shpI. AXn\ptijw
_mn bp h tNv Cf p I. Cu
an{inXw 10 Znhkw IqSn Ignv D]tbm
KnpXpSmw. Hcp en Ijmbn 5
en shw tNv sNSnbpsS Nphn
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en shw tNv kvt{] sNpIbpw
sNmw.
apIfn ]dncnp Afhnepm
p Ijmbw Hcp G ev aqv
amktv D]tbmKnmw. thcv AgpI,
shq, CeIcnn, sho, F^n
kpI Fnhv Cu IqpI ê{]Z
amWv .
sNSnIfpsS hfbpw DmZ\
hpw sasSppXn\pw {]Xn
tcm[tijnpw ê{]Zamb \h
Khyw Xbmdmp hn[w
Bhiyamb hkvXp:
NmWIw : 2 Intem{Kmw
s\v : 250 {Kmw
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ssXcv : cv en
Icnnshw : cv en
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\mbn ]gpXv
ic : 15 Intem{Kmw
Iv : 2 en
Xbmdmp hn[w:
]mWIhpw s\pw \mbn tbmPnn
pI. CXntev tKmaq{Xw, icsm
Sn, s\bv , ]m, ]gw, Icnnshw,
Iv Fnhbpw tNv tbmPnnpI.
]m{Xns apI`mKw aqSnshpI. 20
Znhkw XWen kqnpI. Znhkhpw
Cf n sm Sp p I. 20 Znh k p
tijw D]tbmKnp XpSmw. CXv Bdv
amktv D]tbmKnmhpXmWv. Hcp
en \h K hyw 29 en shn
tNv sNSnbpsS Nphnepw CeIfnepw
sshIptcfn D]tbmKnmw. CXv
hnfhv IqpXn\pw IoStcmK _m[Isf
\nb{npXn\pw ê{]ZamWv.
v, t^mkvt^m _mIvSocnb, \yqtkmtam
W k, hmw, Atkm kv s] dnw Fo
ssPh hfm XzcI D]tbmKnpI
hgn ans LS\ amnsbSpm\pw sNSn
sb Icp tmsS hfn sb Sp m\pw
km[npw. ssPh IoS\min\nIfmb ]okn
tem ssa kn kv , _mkn bm\ ss{Stm
ImU, s^dtam{Smv, nnImU,
shnkoebw Fnhbpw \apv Xs
Xbmdmm km[np hfp
an{inXfpw IoStcmK_m[Isf XSbpw.
^njv Aant\m, FKv Aant\m, ths
shfppn an{inXw, IjmbqpI
Fnh D]tbmKnv sNSnIsf hfnsb
Spm\pw Db DmZ\tijn ssIh
cnm\pw km[npw.
KpWtabnepw anI ]mnwKnepw
icnbmb t{SUnwKv coXnbnepw {inm
ssPhImjnI Dv hn]Wn
Is mw. Hcm gv N sb nepw ssPh
ImjnI D D] tbm Kn h
Aw A[nIhne sImSppw ssPh
ImjnI D Xs hmn D]
tbmKnm Xmcyw ImWnpsa
XmWv A\p`hw. Fs DSaXbnep
lcnX HmKm \nIv ^man\v Hcp G
Hm emv {]oknj ^manwKneqsS
hn]Wnbn Unamp hnfI sXcs
Spv DmZnnpIbpw icnbmb am
nwKv coXnI Ahew_npIbpw sNbvX
XneqsS {]Xnamkw 35,000 cq]bpsS hnp
hchv t\Sm km[npp. Bbncw NXp
c{iao ev {Ko lukv Inth
j\neqsS {]Xnamkw 50,000 cq]bpsS hnp
hchv Dmm km[npp.
CtXmsSmap ]nIIfn ssPhIr
jnbn D]tbmKnmhp Nne ssPhq
pIsf IpdnmWv ]dbpXv.
(tNebnse lcnX HmKm\nIv
^mwkns DSabmWv teJI.
t^m: 9048002625)
tcmKw Huj[kkyw
^wK tcmKw Bcythne
^wK tcmKw Im hmg
_mIvSocnb tcmKw koXgCe
_mIvSocnb tcmKw Xpfknbne
sshd tcmKw Icps\nbne
t_mtdm IpdbpXv Fcpne
XSbm
tcmK{]Xntcm[n\pw A[nIhnfhn\pw sNtXv
Av en tamcv, Hcp en Icnn shw, 250 {Kmw ]gw Fnh tNv
\mbn tbmPnnXn\p tijw tad CeI 250 {Kmw hoXw emb\nbn
env ASpshpI. Fm Znhkhpw CfpI. Fv Znhkn\p tijw sXfn
DunsbSpv 20 ann emb\n Hcp en shn tNv kvt{] sNpI.
BgvNbn cv Znhkw sshIptcw 3.30\pw Bdn\pw CSbn kvt{] sNp
XmWv \Xv.
sNSnsb _m[np
tcmKsf
sNdppXn\p
Huj[kky
Health Care
\nsf Bcpw ""Sm XSnbm'' Fv
hnfnmXncnm sNtXv
tUm.cmtPjv apcfo[c ]n.
HcmfpsS icoc`mcw F{X
Intem{KmamtWm AXns\
Abm fpsS Db c ns
hKw sImv lcn m
InpXmWv t_mUn amkv
CU Iv kv (_n Fw sF).
_nFwsF 25 IqSpXem
sWn Abmv Aan
XhamsWv ]dbmw.
BtcmKys tZmj
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hn[w icocn
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Xn s\ bmWv s]m
Sn Fv ]dbp
Xv . Hcmv s]m
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p Xn\v D] tbm Kn
p am\ZWvUfnsemmWv t_mUn
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c`mcw F{X Intem{KmamtWm AXns\
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m InpXmWv t_mUn amkv CU
Ivkv. _nFwsF 25 IqSpXemsWn
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_nFwsF \mtXm AXn IqSp X
emtWm BsWn A\mtcmKyIcamb
s]m Sn bm sWv ]d bmw. A c
mv BtcmKy{]iv\fpmIm\p
km[yXbpv .
Hcm fpsS ico c n F{X tmfw
sImgppsXp am{Xa sImgpSnn
cnpXv icocnse GXv `mKmsW
Xpw {][m\amWv. kv{XoIfnepw ]pcp
jamcnepw sImgpv ASnbpXv hyXy
kvX coXnbnemWv. kv{XoIfpsS Acs
nepw \nXw _ n ep amWv IqSp X embn
sImgpSnbpXv. AtX kabw an ]pcp
jamcpsSbpw DZc`mKmWv IqSpXem
bpw sImgpSnbpXv. CXv aqew kv{XoI
fpsS icocLS\ ]nb ]gntXp t]m
sebmsWn an ]pcpjmcpsSbpw ico
cLS\ Bn ]gntXp t]msebmWv .
ASnhbn IqSpXembn sImgpSnbp,
Bn ]gntXp t]mep icoc LS
\bphv AanXhhpambn _s
BtcmKy{]iv \fpmIm km[yX Gsd
bmWv .
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v hgnshtmw. `mcpdhv aqew acn
p BfpIfpsS Ftm IqSpX
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Fw. t\cs Db hcp am \ ap
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fn am{XamWv s]mSn IqSpXembn
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s]mSnbphcpsS Fw IqSnhcnI
bmWv. 1980\p tijw temIv s]m
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Xmgv hcpam\m IqSpXembn hknp
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t]mjIpdhpw AanXhhpw aqeap
tcmK Hcp t]mse Ism km[n
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s]mSnv
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m IqSpX Itemdn icocnsep
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t]mepw hymbmaw sNmXpamWv s]m
Snv ImcWamIpXv. AtX kabw
Xs hbkv, tcmKmh, a\imkv{X]c
amb LSI, acpns D]tbmKw Fn
hbpw icoc`mcs kzm[o\np LSI
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tm ]pcpjamcpsS icocw hn{iamh
bn IqSpX DuPs ZlnnpI
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ns Zl\tijn Ipdbpp. AXpsIm
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n\p tijw XSn IqSpXv . AanXhhpw
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aqew acnp BfpIfpsS Ftm IqSpXemWv AanX`mcw aqew acnphcpsS Fw.
saenncnp Ahbpw
]etmgpw IpSpw_ ]mccy
ns êamImw. amXmhn\v
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pw `mcqSpXepmIm 75
iXam\w km[yXbpv. AXp
t]mse amXmhn\v saen ico
cLS\bmsWn apw
saen icocLS\bpmIm
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mhm km[yXbphpw
hymbmaneqsSbpw Nnbmb
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epw ]ecpw AanXhn\v
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v shdpsXbncnpXv Im
Wmw.
imcocnIambn IqSpX {Inbm
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`mcw \ne\nm IqSpX
Itemdn Bhiyambn hcpw. Ign 20
hjn\nsS temIs P\nSbn
AanXhw h[nm\pmb Hcp {][m\
ImcWw ssZ\wZn\ hymbmaw IpdXmWv .
t_mUn amkv CUIv kv {IamXoXambn
Db \nebnephv lrt{ZmKhpw
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cnse Nne `mKfn A_pZw _m[n
pXn\pw s]mSn ImcWamIpp.
s]mSnbph kv IqfpIfnepw tPmen
e fnepw s]mXp m]\ fnepw
hnthN\v hnt[bamImw.
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cp {]Xn`mkamWv \mw Ctm Ip
hcp Xv . Ipn m es s]m Sn
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cnIamb _pnappIpw ImcWamImw.
s]mSnbp IpnIv izmtkmm
kn\v _pnapv DmIpXn\pw HSnhp
I kw`hnpn\pw AanXamb ]ncnap
dphpw a\imkv{X]camb {]iv\fpw
t\cnSm\pw km[yXbpv.
Cv Atacnbnse aqn Hcp Ipn
hoXw AanXhtam s]mSntbm D
hcmWv . 1963 DmbncpXnt\m Ipn
InSbnse s]mSn aqncnbmbn.
t\cs apXnhcn am{Xw Incp
Db ckZw, ssSv 2 {]talw,
cnse AanXamb sImgpv XpSnb
BtcmKy{]iv\ Ctm s]mSn
aqew IpnIfnepw Iphcpp.
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nse t]mse AanXhap IpnI
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pXn\p kabw IpdpsImphcp
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t]mse BkzZnmhpw hn[nemhWw
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Hcp aWnqsdnepw BkzmZyIcamb, anX
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cnWsamWv Atacn lmv Atkm
kntbj \ntZinpXv. XpSbmbn
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b ap h Bgv N bn
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tmfw Bbmkw \IppshXns\bpw
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sdnepw (150 an\pv ) \Sw t]mep anX
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atfm Ht Im aWnqsdnepw (75
an\pv) Hmw t]mep IqSpX Bbmk
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nb Fm icoc `mKfnsebpw t]in
I _esSpp hymbma sNbv Xn
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IgnmXncnpIbpw sNpI. `WcoXn
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camb `yioew hfnsbSpmhpXm
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lmv Atkmkntbj \ntZinpXv
Heohv, tNmfw XpSnb shPn_v Hmbn
epI D]tbmKnm\mWv. Fm GXm
Wv \ F F tNmZyn\v icnbmb
Hcp Dcan. F GXmbmepw D]tbm
Kw Ipdbvm {inpI.
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kv ]nense Ikv CshjW
ImUntbmfPnmWv teJI)
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asmcp "Nm'n\p thn Atlw {ian
nn.
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app hsc DtZymKmnIfpsS Ghpw
henb kz]v\w. Fm ]e kz]v\fpw
Imemcn kz]v\fmXmIpp.
sNdnb I\nIfn tPmen sNpXns
kpJ fpw KpWfpw A\p ` hn m
Cjv S s SphcmWv Cv hen sbmcp
hn`mKw DtZymKmnI.
henb I\n=henb if ]mtPv
FXmbncpp Gsd Imeambn Xncp
sSmsX InS kahmIyw. Fm Cu
kahmIynepw ImemtcW amw hp.
sFSn taJe Xs Ghpw \ DZmlc
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tIm Bcw`nv Hcp hjn\Iw Xs
bpFkntev bqtdmntepw Fsskw
IbpaXn sNp BZys Cy I
\nbmbn _tbmtIm amdn. 1989 bpF
kn \npw s{]mssdn sSIvt\mfPnp
thn ^v e`np BZys Cy
_tbmsSIv I\nbmbn _tbmtIm.
]noSv \SXv IncWns BPh
ns ]StbmamWv . 2004 _tbmtIm
C\ojy ]_vfnIv Hm^ (sF]nH) Cd
nbtm 32 CcnbmWv k_vkvss{I_v
sNsXv. env sNbvX BZyZnhkw
Xs I\nbpsS hn]Wnaqeyw 111 tImSn
tUmfdnsen. B hjw Inc aPpw
Zm Cybnse Ghpw henb [\nIbmbn
amdn. env sNbvX BZyZnhkw hn]Wn
aqeyw 100 tImSn tUmf Ihnbp cm
as Cy I\nbmbn _tbmtIm.
Akm [m c W amb Icp p Hcp
kv{Xov am{Xw km[np Cu A]qh
hnPbw IncWn\v t\SnsmSpXv Htsd
_lpaXnIfmWv. temInse Ghpw
kzm[o\inbp 100 t]cn Hcmfmbn
ssSw amKkn IncWns\ sXcsSpn
pv. t^m_vkv amKkn Xbmdmnb
temI nse Ghpw i cmb 100
kv {XoI fpsS ]n I bnepw Inc CSw
]nSnp. Cybnse tImtdv temIs
Ghpw Icpbmb h\nXv Cu hjw
amn Adp]Xv XnIbpw.
tmv FIv kv tN n
env sNbv X BZyZnhkw
Xs _tbm tIm Wns
hn]Wnaqey w 111 tImSn
tUmfdnsen. env sNbvX
BZy Zn hkw hn]Wnaqeyw
100 tImSn tUmf Ihn
bp cm as Cy
I\nbmbn _tbmtIm.
Stock Investing
amnsh \mev ew cq] IqSn
\nt]nncpsn....
kzambn Hcp _nkn\kv XpSWsav B{Klnphv XfpsS eyw
kmmcnm\p thZnbmbn Hmlcn hn]Wnsb {]tbmP\sSpmhpXmWv.
AXv {]mtbmKnIambn \Snemnb Hcp \nt]Is A\p`hw.
Fw.cmPohv
sImnbn CeIvt{SmWnIv Ikyq
a KpUvkv DfpsS Unkv{Sn_yq
j _nkn\kv \Sp hynsb Hcp
kplrv hgnbmWv ]cnNbsXv. Hml
cn hn ]Wn bn CXp hsc Atlw
\nt]w \Snbnn. Hmlcn hym]mcw
\Sm Atln\v Xmcyaps
nepw ZoLIme \nt]n hnizkn
p n . As\ ZoL Im e tv
\nt]npXn\v Xm Xs _nkn
\kn Xs \nt]nm t]mtcsb
mWv Atlw tNmZnpXv . ]Icw At
ln\v tU t{SUnwKv \SWw. AXv
kzambn sNm\p Adnthm kabtam
Atln\n. t{_mam Atln
\mbn tU t{SUnwKv sNbvXp sImSpv
Fm Znhkhpw em`w honsenptam
FmWv Atlw tNmZnpXv.
Hmlcn hn]Wn tXmptm ]m
IdsSpm ]mIn \nnbncn
p, Ftmgpw Npcp Imat[\phm
sW [mcWbp \psS \mnse A`y
kvXhnZycmb hensbmcp hn`mKw BfpI
fpsS {]Xn\n[nbmWv Ctlhpw. ]t
Ctln\v Hcp hyXymkapv, ]ecpw
k cm IpI F kz]v \w ImWv
t{SUnwKntev FSpp NmSpsXn
Xs _nkn\kneqsS anI emàpmp
Ctlw AXnt\m IqSpX em`w
Dm m km[n p san tU t{S
UnwKv ]conp Ifbmsa at\m`mh
amWv ]pepXv. tU t{SUnwKv \S
m Av ew cq] amnshm Xm
XbmdmsWpw Atlw ]dp.
tU t{SUnwKv \SpXnse, {]tXy
Inv AXns\ Ipdnv HpadnbmsX AXv
sNp Xnse A] I S sf Ipdnv
]dtm Atln\v AXv t_m[y
ssnepw Hmlcn \nt]tmSp
At l ns sshapJyw icn b sv
t_m[ysSpm Aw Nne hniZo
IcW \Stnhp.
""X\nv Adnbmhp _nkn\kn
\nt]w \SpI FXmWv dnkv Iv Ipd
p Xn \p Hcp hgn. AtXm sSmw
Xs dnkvIv IpdpXn\p asmcp
amK amWv sshhn [y h c Ww. Hcp
_nkn\kn am{Xw tI{oIcnpXnse
dnkvIv Ipdbvm Hn IqSpX taJ
e I fn _nkn \kv hym]n n p Xv
klmbnpp.
Hn IqSp X _nkn \kv t\cnv
sNpI FXv Hcp kwcwÌs\ kw_
nv Ffpap Imcya. AXn\p
aqe [\w, ASn m\ kuI cy
CsXmw Atlw kzbw IstXp
v. Ccw ASnm\]camb ]cnanXn
I adnISm klmbIamWv Hmlcn
hn]WnbpsS thZn.
dosbn taJebn {]hnp
Hcmv ^n\mkv Gsd hfm km[y
Xbp Hcp taJebmWv Fv t_m[y
sm t]mepw DSs\ Hcp F_nF^v kn
XpS m \m In . AtX kabw At l
n\v apqv ^n\mknstbm aWp
dnstbm Hmlcn hmpXn\v bmsXm
cp XS k hp an .''C c samcp Bap J
tmsS Xm \nt]nm Xbmdp
Av ew cq]bn Hcp ew cq]
\nt ] n \p BZy ] Sn sb \ne
bn Xm hfmkm[yX ImWp
I\nbn \nt]nWsav ]d
tm AtX Ipdnv BtemNnmsambn
Atlns {]XnIcWw.
ASp XhW Itm Atlw
]dp: ""Rm Hcp ew cq] sNehnv
hn KmUns Hml cn I hmn. hn
KmUns D fpsS hn\
t\cn ImWp F\nv Acsamcp
I\n \Sm km[nncpsn AXv
F{X tbsd em` I c am bn cn p sav
Ftmgpw tXmpambncpp. AtX kabw
Unkv {Sn_yqj _nkn\kv am{Xw \S
p F\nv AXv Xopw A{]m]y
hpamWv. Ign Znhkw \n ]d
Imcy HmtmgmWv FpsImv
Rm Bcm[\tbmsS ImWp hnKmUv
F I \n bpsS Hmlcn hmn qSm
Fv BtemNnXv. As\ `mcybpsS
t]cn apstgm XpSnbncp Uoamv
Fun Hcp ew cq]bpsS Hmlcn
I hmn.''
190 cq]bv mWv Atlw hnKmUns
HmlcnI hmnbXv. Bdv amkw Ign
tm Xs Hmlcn hne 500 cq] IS
p . B ka bv Atlw Fs
t^mWn hnfnp. \nt]aqeyw Ccn
bntesdbmbXns ktmjw Adnbnm
\m bn cn p sa mWv Rm Icp Xn b Xv .
]t Atlns kzcn \ncmi
bmWv {]Xn[z\nXv""Av en
Hcp ew cq] am{Xw \nt ]n m
Xm ]d Xp sIm mWv Rm
As\ sNbv XXv . Av ehpw \nt
]nncpsn Ctm 13 ew cq]
BbnpmIpambncpp!!''
hnKmUns D
fpsS hn\ t\cn Im
Wp Atln\v A
csamcp I\n \Sm
km[n n cp s n AXv
F{Xtbsd emÌcambncn
p sav tXmp am bn cp
p. B tXmemWv hn
KmUns HmlcnI hm
m t{]cWbmbXv.
hn\bnse hf, t{]m^nv amPn, sUv/CIznn
tdtjym, Cdv IhtdPv tdtjym XpSnb tdtjymI
hniIe\w sNpXneqsS Hcp I\nbpsS {]IS\w
hnebncpm km[npw.
Hcp I\nbpsS {]IS\s hniIe\w
sNpXn\v D]tbmKnp hnhn[ A\p
]mXsf IpdnmWv Cu teJ\n
hnhcnpXv.
hn\bnse hf: Hcp I\nbpsS
hn\ hniIe\w sNpXneqsS B
I\n hfcpIbmtWm XfcpIbmtWm Fv
a\knemmw. hn\ IqSpItbm Ipdbp
Itbm sNpXn\p ]nnse ImcW
fntepw \mw ISpsNtXpv. DZm
lcWn\v Hcp I\nbpsS em`w h[n
Xn\v ImcWw DfpsS hne h[
\bmsWn hn\bneqsS t\SnsbSp
hcpam\w IqSpXembncnpsanepw AXv
hym]mchym]vXw h[nXpsImsv
hyw. AXpt]mse I\nbpsS D
fpsS kzm`mhhpw hn\bpsS Af
hns\ _m[ntmw. Hcp I\n Db
em`w Inp D fn tev Xncn
Xn\p tijw hn\bpsS Afhpw
hn\bn \np hcpam\hpw Hcp
t]mse Ipdncnmw. ]t Db
em`w Inp Dfntev Xncn
Xn\m t\csbpmbncpXnt\m
anI t{]m^nv amPn (hcpam\ns
F{X iXam\amWv em`sa A\p]mXw)
I\nv e`ntmw. ap hjs hcp
am\ns F{X iXam\w hf Cu
hjw ssIhcnpshmWv hcpam\ hf
kqNnnpXv.
t{]m^nv amPn: hcpam\ns F{X
iXam\amWv em`w Fv IWmpXn
eqsS t{]m^nv amPn Ismw. A
hn\sb AmZmbw sImv lcnpI
bmWv CXn\mbn sNtXv . Hcp I\nv
20 iXam\w t{]m^nv amPn\psv ]d
m Hmtcm cq] bpsS hn \ bn
\npw 20 ss]k hoXw I\nv em`
ambn e`nppshmWv Aw. Htc
taJebnse I\nIfpambn XmcXayw
sNpXn\v t{]m^nv amPn Gsd ê
{]ZamWv . Hcp I\nv kam\ taJebnse
IrjvWXn sI.
av I \n I tfm Db t{]m^nv
amPn Dsn B I\nv XmcX
tay\ Db emàXbpspw av
I\nItfm sNehv Ipdm km[n
ppsh p amWv Aw. Nne tm
DfpsS hne IqSptXm Ipdbp
tXm aqew t{]m^nv amPn IqSpItbm
IpdbpItbm sNmw. IqSpX em`w e`n
p Dfntev XncnbpXpw
t{]m^nv amPn IqSpXn\v ImcWamImw.
Ccw k`fn t{]m^nv amPn
\nse hf XpSpw \ne\nWsa
n.
sUv /CIznn tdtjym: I\nbpsS IS_m
[yX hnebncppXn\p A\p]mX
amWv sUv/CIznn tdtjym. I\nbpsS
samw _m[yXIsf HmlcnbpSaIfpsS
\nt]w sImv lcnpXneqsS sUv /
CIznn tdtjym Ismw. Db sUv /
CIznn tdtjym kqNnnpXv I\n
hfm]XnImbn Db tXmXn
hmbv]mXpI hn\ntbmKnppshmWv.
Db sUv/CIznn tdtjym D I\n
]enibn\nse XncnShn\mbn IqSpX
XpI hIbncptn hcpw. CXv I\n
bpsS hcpam\s _m[ntmw.
cmPym cXe n sUv CIznn
tdtjym 2 hsc BbncnpXv kzoImcy
amWv. Cybn hnIknXcmPyfpambn
XmcXayw sNptm ]eni\ncv IqSp
XemsWXn\m Cybnse I\nI
fpsS kzoImcyamb sUv CIznn tdtjym1.5
hsc BsWv s]mXpsh ]dbmw. AtX
kabw Hmtcm hyhkmbn\pw A\pkcn
v kzoImcyamb sUv CIznn tdtjymbn
hyXnbm\fpmIpw. DZmlcWn\v
ASnm\kuIcy hnIk\ taJebn
{]hnp I\nIv IqSpX
hmbv ] Bhiyambn hcpsaXn\m Ah
bpsS sUv CIznn tdtjym DbXmbcn
pw. AtX kabw sFSn I\nIfpsS
sUv CIznn tdtjym ]etmgpw Hn
Xmsgbmbncnpw.
Cdv IhtdPv tdtjym: hmbv ]mXpIbpsS
]eni ASpXom\p I\nbpsS
tijnsbbmWv Cdv IhtdPv tdtjym
kqNnnpXv. I\nbpsS ]enipw
\nIpXnpw app hcpam\s AtX
Imebfhnse ]enibn\nep sNehv
sIm lcnmWv Cdv IhtdPv tdtjym
IWmpXv .
Cdv IhtdPv tdtjym Ipdbptm
]eni ASpXom\p I\nbpsS
tijn IpdhmsWmWv Aw. Hcp I
\nbpsS Cdv IhtdPv tdtjym 1.5\v
XmsgbmsWn I\nbpsS ]eni AS
pXom\p tijn kwibapWp
XmWv . Cdv IhtdPv tdtjym Hn
XmsgbmsWn ]eni ASpXom
\mbn th{X hcp am\w I \n n
FmWv Aw. Db ]eni \ncv
aqew I\n \jvSw t\cnSpIbmsWpw
B nXn XpSm I\n ASp]q
t nXnhcpsapw thWw a\knem
m.
ASnm\kuIcy hnI
k\ taJ e bn {]h
np I\nIv
IqSpX hmbv] Bhiy
ambn hcpsaXn\m A
hbpsS sUv CIznn td
tjym DbXmbncnpw.
AtX kabw Hcp sFSn
I\nbpsS sUv CIznn
tdtjym Hn Xmsgbm
sbphcmw.
Fundamental Analysis
Atmtfm Stbgvkv Vs FwBF^v
Sb \namW taJebnse {]apJ I\nIfmb Atmtfm Stbgvkpw FwBF^pw Xnep
XmcXayn IqSpX anIhv ]pepXv GXv HmlcnbmWv ?
Ign GXm\pw hjfmbn Cybn
se Sb hyhkmbw {[pXKXnbnep
hf bneq sS bmWv IS p t]m Ip Xv .
hml\p Unamv, {]tXyInpw
bm{Xmhml\ taJebn CcpN{I hml
\p Unamv h[nXmWv Sb
hyhkmbn\v IcptInbXv. Akw
kvIrXhkvXphmb kzm`mhnI d_dns
e`yXbpw AXym[p\nI DmZ\ kuI
cyfpw Cysb temInse Ghpw
acaXbp d_ hn]WnIfnsem
mbn amnbnpv.
Ign cv km nI h
jfn iamb hfbmWv
Cy bnse d_ hyh kmbw
ssIhcnXv. 201516 kmnI
hjtmsS Cybnse Sb
DmZ\w 19.10 tImSn bqWnpI
fmbn h[npsamWv IcpXs
SpXv .
Ign cv ZiInsS
\qX\amb hn]W\ X{fneq
sSbpw {_m v _nUnw Kn eq
sSbpw Cybnse {]apJ Sb
\namW I\nbmbn Atmtfm
Stbgvkv amdn. t\cs Cybn
am{Xw kmn [y ap m bn cp
Atmtfm Stbgvkv hntZitpw
hym]cnp. 2006 ZnWm{^n
bnse Ue]v Stbgvkv C\m
jW F I\nsb (Atmtfm
Stbgv kv C\mjW Fv I
\nsb ]noSv ]p\\m a I cWw
sNbvXp.) GsSpXneqsS Zn
Wm{^nbnepw knw_mhv shbnepw
I\n kmn[yw Adnbnp. Cy
Ignm Ctm hS B{^n
taJebnemWv I\nbpsS
henb hn]Wn. Ue]v {_mn
s 30 B{^n cmPyfnse
{_mv AhImiw Atmtfm Stb
gvkn\mWv.
Cybnse Ghpw henb Sb
\namW I\nbmWv FwBF^v .
bpFkv F bnse Sb & d_
I\nbpambn kmtXnI [mcW
bn se nb FwB F^v 1989
temInse Ghpw henb Ifn
m \namXmfmb lmkvt{_m
C\mjWepambpw [mcWbnse
pIbpw Ccp I \n I fp sSbpw
kwbp kwcw`w F \nebn
ssNUv sIb D \nam
Xmfmb ^kv Iq Cy F
jmP sI.Fkv
I\nv XpSanSpIbpw sNbvXp. Ata
cn, bqtdmv, K^v cmPy, Pm
Fnh DssS 65tesd cmPyfnte
mWv FwBF^v \nehn IbpaXn
\SpXv .
Ign km n I hj n
Atmtfm Stbgvkv A hcpam\n
37.05iXam\w hfbmWv ssIhcnXv.
AtX kabw FwB^v ssIhcn hcp
am\ hf 30.55 iXam\w am{XamWv. Ccp
Market Leaders
N{I hml\fpsS SbdpI DmZnn
pXn ap]nbnep FwBF
^n\v CXpXsbmWv Cy hn]Wnbn
apXqw \IpXv.
Ign kmnI hjw Ahcp
am\hfbn Atmtfm Stbgvkv BWv
apnsenepw hcpam\hpw em`hpw Xn
ep A\p ]mXw IW n se Sp m
anI {]IS\w Imgv N shXv FwBF^v
BWv . FwB^ns em`w hcpam\ns
5.81 iXam\amsWn Atmtfm Stb
gvkns em`w hcpam\ns 3.19 iX
am\amWv .
dnt Hm Akv kv (Hcp
I\nbpsS BkvXnbpambn Xmc
Xayw sNptm I\nbpsS
em` aX F{X tm f am sW
mWv dnt Hm Akv kqNn
n p Xv ) IW n se Sp p
tmgpw FwBF^v BWv anIhv
]pep Xv . FwB^ns
dnt Hm Akvkv 16.24 iX
am\amWv. Atmtfm Stbgvkns
dnt Hm Akvkv 4.87 iXam
\hpw.
AtX kabw CcpI\nIfp
sSbpw HmlcnIfpsS aqeyw ]cnKWn
ptm Atmtfm Stbgv kmWv Xmc
Xtay\ sNehv Ipd \nebn
hym]mcw sNpXv . Atmtfm Stb
gvkns Hmlcn hne {]Xn Hmlcn
hcpam\ns 8.19 aSmWv . AtX
kabw FwB F^ns Hmlcn
hnebmIs {]Xn Hmlcn hcpam
\ns 9. 14 aS m Wv . Sb
\namW taJebnse I\nIfpsS
Hmlcn hnebpw {]Xn Hmlcn hcp
am\hpw Xnep A\p]mXns
icmicn 9.54 BWv.
Ccp I \n I fp sSbpw sUv /
CIznn tdtjym XpeyamWv. AtX
kabw FwBF^n\mWv anI
Cdv IhtdPv tdtjym bpXv.
201112 Atmtfm Stbgvkv em`
ns 13.90 iXam\w em`hoXambn
\Inbtm FwBF^v em`ho
Xambn \InbXv em`ns 1.71
iXam\w am{XamWv .
Ccp I \n Ifpw ZoL Ime
\nt]n\v A\ptbmPyamWv .
AtX kabw Ctmgs \nebn
FwBF^mWv Atmtfm Stbgv
knt\m anIhv ]pepXv.
METRIC Apollo MRF
Tyres
Sales(cr) 12901.95 10653.50
PAT(cr) 412.12 618.78
EPS(Rs) 8.13 1459.36
PATM% 3.19 5.81
ROE% 15.73 31.07
Book Value (Rs) 56.14 5410.71
ROA (%) 4.87 16.24
PE 8.19 9.14
Industry PE 9.54 9.54
Net Sales Growth (%) 37.05 30.55
Core EBITDA Growth(%) 18.07 -3.77
PAT Growth (%) -6.51 73.08
Total Debt/Equity 1.01 1
Interest Coverage Ratio 2.88 10.59
Face Value 1 10
Market cap(cr) 4463.13 5293.10
Dividend Payout Ratio 13.90 1.71
CntdpI D]tbmKnv
HmlcnIfpsS s{Sv a\knemmw
XpSbmb Hcp Ime]cn[nbntep hniIe\tbmKyamb LSIfpsS t{iWn Asn Cnt
\nanpI hgn Hcp HmlcnbpsS ]qhImesbpw ham\Imesbpw hneIfpsS Ne\ns
Hcp XmcXay ]T\w km[yamIpp.
Hmlcn I fpsS hne
sb GsXnep Xcn
ep hniIe\n\v
tbmKyamw hn[w Umm
t]mbnp I fpsS Hcp
t{iWnbmbn AhXcnn
ncnpXns\bmWv
sSIv\n Cnt
dpI Fv ]dbp
Xv. XpSbmb Hcp Ime]cn[nbnep
Xmbncnpw Cu t{iWn.
Nne sSIv \n Cn t dp I
hym]mcw Ahkm\nntmgs hne
bpsS ASnm\nemWv \nansncn
psXn ap NneXn hym]mcw XpS
nbtmgs hne, Ghpw Db hne,
Ghpw Xmgv hne, hym]mcw Ahkm\n
ntmgs hne Fnhbpw Dsncn
pw. C\n ap NneXn thmfyw, Hm
Cdv Fnhbpw Dsncnpw. DZml
cWn\v Av Znhks hym]mcw Ah
km\nntmgs hnebpsS icmicn
((20+25+22+26+23)/5=23.20) FSppIbmsW
n AXns\ Hcp Umm t]mbnv As
n Hcp LSIambn ]cnKWnmw. Fm
Hcp LSIw am{Xw sImv Hcp Cnt
\nanXamIpn. AXn\v Ccw LS
IfpsS XpSbmb t{iWn DmIWw.
Fm am{Xta Ah hniIe\tbmKy
amb Hcp Cnt BIppq.
Ccn XpSbmb Hcp Ime]
IrjvWXn.sI
cn[nbntep hniIe\tbmKyamb LS
IfpsS t{iWn Asn Cnt
\nanpI hgn Hcp HmlcnbpsS ]qhIm
esbpw ham\Imesbpw hneI
fpsS Ne\ns Hcp XmcXay ]T\w
km[yamIpp. sSIv\n A\menkn
kn CXv {Km^n cq]nembncnpw
AhXcnnncnpI. CXv km[mcWambn
Nmns apIfntem Xmsgtbm Bbncnpw
{]ZinnpXv. CntdpIfpsS hni
Ie\w hgn B HmlcnIfpsS Ctmgs
s{Sns inbpw KXnbpw a\knemm
km[npp.
eoUnwKv CntdpI
Technical Analysis
bm\ns tXmXv
ASn m \ am n
bmWv samaw
Hmkv In te cq]
sSppXv. Hml
cn bpsS hne bn ep
mIp hyXnbm\
ns Xo{h X sb
bmWv samaw Fv
hnfnpXv. F{X
thKn HmlcnI
fpsS hne Nenp
pthm A{Xbpw
B Hml cn bp sS
samaw h[n p
hv ]dbmw. Hml
cn I fpsS Ne \ th
KX Ipdbptm samaw Ipdpshpw
]dbmw. Fm Ccn samaw
IpdphcpXns\ s_bdnjv Fv ]d
bm\mIn. HmlcnbpsS hnebnse Ne\m
IX Ipdpshv am{Xta Aap
q.
samaw HmkvIntedpIsf ASnm
\amnbp hniIe\n \npw e`n
p kqN\ A\pkcnv Hcp Hmlcnbp
sS s{Sv apIqn a\knemn \nt]w
\Sm\pw s{Sv hn]coXamhpIbmsW
n apIqn hnpamdm\pw km[npw.
eoUnwKv CntdpI apJyambpw Hcp
hitp s{Sv {]_eambncnp
hn]Wnbn BWv \nt]Iv D]tbm
KtbmKyamhpI.
emKnwKv CntdpI
t]cv kqNnnpXp t]mse emKnwKv
CntdpI Hcp HmlcnbpsS hnebpsS
Ne\s Asn s{Sns\ ]npScp
hbmWv. icnbmb s{SpIfptm
am{Xta Ccw CntdpI ê{]Zam
IpIbpq. Hcp s{Sv XpSngnp
am{Xta AXns kqN\ e`npIbpq
shXmWv Ccw CntdpIfpsS
{][m\ \yq\X. ]etmgpw Hcp emKnwKv
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Market Review
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41/460, Nawaff Bunglow, Mahakavi Bharathiyar Rd.
Kochi-682035. 0484- 3912719, 3078445/46/47
architectshomenews@gmail.com
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Term No.of Cover You You
issues Price Pay save
1year 12 300 240 20%
2 year 24 600 450 25%
5 year 60 1500 1000 33.33%
slUvPv HmlcnbpsS
Hmtcm enepw
Name..............................................................................................................................
........................................................................................................................................
............................................................District................................................................
Pin.......................................................Phone.................................................................
Email...................................................Date....................................................................
1000 cq]
\In Av
hjtv
hcnmc\mIptm
\n em`npXv
500 cq] !!!
ORDER FORM
1000 cq]
\In Av
hjtv
hcnmc\mIptm
\n em`npXv
500 cq] !!!
Signature...........................................................
Mode of payment: Cheque DD
Cash In favour of Hedge Equities Ltd.,
payable at Cochin.
Please fill the order form and mail it with your remittance to:
Hedge Equities Ltd., Hedge House, Mamangalam, Kochi-682 025
Pls add Rs. 20 for outstation cheques.
For more information contact: 0484 3040400.
Email: editor@hedgeequities.com
Rm slUvPv HmlcnbpsS hcnmc\mIm B{Klnpp
1 hjw 240 2 hjw 450 5 hjw 1000
RNI NO. KERMAL /2011/39839 HEDGE OHARI January 2013 Registered No. KL/EKM/724/2012-14

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