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?  

Sustained buying aids indices
Tue, 22 Mar 01:30 pm

After trading firm during the previous two hours of trade, Indian stock market indices have held on to the gains on sustained buying across sectors. All the sectoral indices are trading in the green with stocks from Realty and Auto garnering maximum interest from the investor fraternity.

Currently, the BSE-Sensex is up by 170 points while NSE-Nifty is trading 51 points above the dotted line. BSE Midcap and BSE Small cap indices are both up by 0.94% and 0.67% respectively. The rupee is trading at 44.98 to the US dollar.

Power stocks are trading firm with Coal India and Neyveli Lignite leading the gains. However, GIPCL is trading weak. Despite a marginal decline in production for this fiscal, Coal India is likely to post 12% growth in its bottom line. Production for FY11 is expected to be around 430 m tones as compared to 431 m tones in the previous fiscal. Environmental issues impacted mining in the ecologically sensitive areas thereby affecting the overall production in the current fiscal. Had it not been for the environmental delays the production could have been higher by 18 m tones as compared to the previous fiscal. However, despite the production glitches the company is likely to register a PAT of Rs 110 bn (+12% YoY growth) on account of recent price revision, higher realizations from e-auction and savings arising out of reduction in manpower.

FMCG stocks are trading mixed with Paper Products and Dabur leading the gains. However, Godrej Consumer is trading weak. Kaya, Marico's skin care services clinic, has been witnessing positive same store sales in the last two quarters due to revival in the demand for skin care services. It may be noted that Marico currently operates Kaya chain of skin care-clinics in India, Bangladesh and Middle East. Until recently, the chain was running into losses. Subsequently management rejigged the model, discontinued a few loss making stores and made an entry into the international market. Right now the company is expanding rapidly in Middle East and Bangladesh. Overall it has 102 clinics across the globe. Considering the rapid expansion plans and increase in demand for skin care services Kaya will likely be a margin lever for Marico in the 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 "Sustained buying aids indices". 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.