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?  

Smallcaps and midcaps outperform
Wed, 16 Mar 11:30 am

Indian stock markets continued to trade in the positive on buying interest in heavy weights over the last two hours of trade. All the sectors are trading in the green led by consumer durables and realty.

The BSE-Sensex is up by 200 points while NSE-Nifty is trading 63 points above yesterday’s closing. Both BSE Midcap and BSE Small cap indices are up by 1.4% and 1.6% respectively. The rupee is trading at 45.20 to the US dollar.

Auto stocks are trading firm led by Escorts and TVS Motors. As per a financial newspaper, Mahindra & Mahindra has completed all formalities regarding acquisition of a majority stake in the South Korean automobile company Ssangyong. M&M has paid an amount equal to US$ 463 m for 70% stake in the automaker. Ssangyong plans to invest around 240 bn Korean Won (US$ 211 m) towards brand building and product development. M&M will help the SUV manufacturer in raising funds for these activities. Ssangyong has been dormant in the product development arena for a long time since 2006. The two companies will share product development programs and platforms for Indian and world markets in the future. It may be recalled that, Ssangyong was under bankruptcy protection since February 2009. In November last year, M&M emerged as the preferred bidder in the bidding process that involved others like Renault, Nissan and a few private equity players. Mahindra is also planning to set up operations of Mahindra Finance in Korea to facilitate the sales of Ssangyong vehicles.

FMCG stocks are trading firm led by Henkel and Archies Limited. As per a leading financial daily, Hindustan Unilever Limited (HUL) is adopting new innovative techniques to assess the needs and behavior of customers. To achieve this, HUL is setting up 5,000 sq-feet customer innovation centre in Mumbai. This will be situated close to the company’s Mumbai centre and will be equipped with latest technology to accesses consumer behavior. These technologies would include retina scanning and radio frequency identification (RFID). This facility is expected to be up and running in the next 6 months. The objective of setting up this centre is to allow the company to analyze customer needs and amend or fine tune products according to the need of the consumer. The innovation centre is part of HUL's strategy to double its sales in India in the face of higher competition in the consumer goods space and rising input costs.

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 "Smallcaps and midcaps outperform". 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.