Helping You Build Wealth With Honest Research
Since 1996. Try Now

MEMBER'S LOGIN

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Consumer durable stocks shine
Mon, 19 Jan 01:30 pm

Indian share markets continued to trade firm in the post-noon trading session. All the sectoral indices are trading in the green. Consumer durable & oil & gas stocks are the biggest gainers today.

BSE-Sensex is up 178 points and NSE-Nifty is trading 45 points up. BSE Mid Cap is trading 0.7% up and BSE Small Cap index is trading up by 0.9%. The rupee is trading at 61.68 to the US dollar.

Paint stocks are trading mixed with Jensen & Nicholson & Kansai Nerolac trading firm whereas Asian Paints and Asahi Songwon are trading in red. As per a leading financial daily, Asian Paints is all geared up to set up a manufacturing facility at Vishakhapatnam in Andhra Pradesh. The Andhra Pradesh government recently cleared the administrative hurdles such as land allotment, environmental and other clearances in setting up the facility. The plant is being set up at a cost of Rs 17 bn. Asian Paints stock is currently trading down by 0.7%.

Most of the private banking stocks are trading in the green led by Karnataka Bank and South Indian Bank. As per Reserve bank of India, the number of subscribers using mobile banking increased by 58% to 35.5 m in FY14. This is quite low as compared to the high mobile density of over 900 m subscribers in the country. As per RBI estimates, the incentive to switch to mobile banking exists for both customers and banks as mobile banking costs 2% of branch banking, 10% of ATM banking and 50% of internet banking. In terms of value of transactions, private banks such as ICICI bank and HDFC Bank are leaders in the mobile banking space. However, SBI dominates in terms of numbers with 12.5 m of its customers transacting on the mobile in 2014 as compared to 8.6 m customers in 2013. According to the Finance Ministry, the government's flagship Jan Dhan Yojana is likely to boost the number of mobile phone consumers in future.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives

Read the latest Market Commentary


Equitymaster requests your view! Post a comment on "Consumer durable stocks shine". Click here!

  
ABOUT EQUITYMASTER

Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.

PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
TRENDING TOPICS
FREE NEWSLETTERS
EQUITYMASTER SUPPORTS
  • HelpYourNGO
  • You Tube
  • Linkedin
  • Twitter
  • Telegram
  • Google Play

Copyright © Equitymaster Agora Research Private Limited.

Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap

Phone +91-9136015013

Equitymaster Agora Research Private Limited (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407

Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com

LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.