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?  

Indian share markets open in the green
Thu, 13 Feb 09:30 am

Barring Singapore (up 0.3%) and China (up 0.1%), major Asian stock markets have opened the day on a negative note with stock markets in Japan (down 1.1%), Hong Kong (down 0.3%) and Malaysia (down 0.3%) leading the losses. The Indian share markets have however opened the day on a firm note. Stocks in the realty and FMCG space are leading the gains. However, consumer durables stocks are trading weak.

The Sensex today is up by around 23 points (0.1%), while the NSE-Nifty is up by around 4 points (0.1%). The midcap and smallcap stocks have also opened in the green with the BSE Mid Cap and BSE Small Cap indices trading higher by 0.2% each. The rupee is currently trading at Rs 62.09 to the US dollar.

Cement stocks have opened the day on a firm note with ACC and Heidelberg Cement leading the gains. The Ramco Cements (earlier known as Madras Cements) has announced results for the quarter ended December 2013. During the quarter, the company's standalone net sales declined by 2.8% YoY to Rs 8,426 m owing to the sluggishness in cement sector. At the operating level, the company's reported a profit of Rs 1,293 m, a decline of 35.5% YoY. Operating profit margins contracted from 23.1% in 3QFY13 to 15.3% in 3QFY14. Profit after tax declined by 69.6% YoY to Rs 256 m. PAT margins contracted from 9.7% in 3QFY13 to 3% in 3QFY14.

Media stocks have opened the day mainly in the green with Reliance Broadcast Network and D. B. Corp leading the gains. HT Media has announced its financial result for the quarter ended December 2013. During the quarter, the company's net sales stood at Rs 5,730 m, higher by 6.1% YoY. Operating profit grew at a slightly higher rate of 8.4% YoY and stood at Rs 948 m during the quarter. Operating profit margins expanded marginally from 16% in 3QFY13 to 16.3% in 3QFY14. Other income rose sharply by 50% YoY to Rs 357 m. At the bottomline level, the company's net profit increased by 33.1% YoY to Rs 747 m. Net profit margins increased from 10.3% in 3QFY13 to 12.9% in 3QFY14.

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 "Indian share markets open in the green". 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.