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 continue in the green
Thu, 11 Apr 11:30 am

Indian share markets continued to trade in the green during the previous two hours of trade. Sectoral indices traded firm with energy and power stocks as the only exceptions.

The BSE-Sensex is trading higher by 80 points and NSE-Niftyis trading up by 18 points. BSE Mid Cap and BSE Small Cap indices are trading up by 0.4% and 0.7% respectively. The rupee is trading at 54.53 to the US dollar.

Engineering stocks are trading strong led by Manugraph India and Sanghvi Movers. As per a leading daily, Bharat Heavy Electricals Limited's (BHEL) electronics division (EDN) has witnessed decline in turnover to Rs 33.6 bn in 2012-13. The turnover of Industrial Systems Group stood at 11.61 bn which is an increase of 16% over previous year. Last year the turnover of the EDN was Rs 37.48 bn. However, despite the slowdown in the economy and high competition, the company has been able to procure orders worth Rs 13.18 bn. BHEL has received many orders from Indian Railways. It also commissioned Karnataka's largest 5MW grid-connected solar power plant under Jawaharlal Nehru National Solar Mission for Karnataka Power Corporation at Belakavadi near Shivanasamudra in Karnataka. This implies a growth of 46% over last year's order book. The outstanding order book position of EDN stands at Rs 38.05 bn.

Auto stocks are trading mixed led by Tata Motors and Maharashtra Scooters. However, Mahindra & Mahindra and Force Motors are witnessing losses. As per a leading daily, Bajaj Auto recently launched premium sports bike, Kawasaki Ninja priced at Rs 3.5 lakh. The new Ninja 300 is the fourth product in the Kawasaki Ninja range. With this the company aims to sell 1500-2000 units of Ninja 300 by the year end and phase out Ninja 250R model soon. We may note here that Ninja 250R and Ninja 650R are family bikes and the auto company has been able to sell 3500 units of these family bikes since 2009. As per the management, Ninja 250R which was launched only in August last year and has been a success in domestic markets will be replaced by the new Ninja 300.

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 continue 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.