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 stock markets slip into the red
Wed, 25 Apr 01:30 pm

Indian stock markets have been trading in the red over the last two hours of trade. All sectoral indices are witnessing selling pressure. Realty and Consumer Durables are leading the losers.

The BSE-Sensex and NSE-Nifty are trading down by 150 and 149 points respectively. BSE Mid Cap and BSE Small Cap indices are also trading down by 0.9% each. The rupee is trading at 52.62 to the US dollar.

Energy stocks are trading mixed with Chennai Petroleum Corporation Ltd and Gujarat Gas Ltd leading the gainers and Petronet LNG Ltd. and Gujarat State Petronet Ltd. trading the weakest. Petronet LNG has announced results for financial year 2011-2012 (FY12). The company has reported a 72% year on year (YoY) increase in the topline. The company imported and regassified 135 trillion British thermal units (TBTUs) against 126 TBtus in the corresponding quarter last year. Operating profits growth slowed down to 20.4% YoY during the quarter (15.9% QoQ decline) with margins at 6.6% (as compared to 8.8% in 4QFY11). For FY12, the operating profit was up 50.4% YoY, with margins coming at 8.1% (versus 9.2% last year). The Board has suggested a dividend of Rs 2.5 per equity share subject to approval of the members of the company at the forthcoming annual general meeting. Net profits for the quarter were up 18.8% YoY with net profit margins at 3.8% versus 5.1% last year. For FY12, the bottomline registered a whopping increase of 70.7% YoY, with margins coming at 5% (versus 3.8% last year).

Barring Gujarat NRE Coke and Sesa Goa Ltd. Mining stocks are trading in the red led by Ashapura Minechem Ltd. As per a leading financial daily, Coal India has set coal production target at 468.7 m tonnes (MT) for FY12-13. In FY11-12, the company's coal output at 435.8 MT fell short of its target by 11 MT. As per the report of the Working Group on Power, the power generation capacity target in the plan period (FY12-17) would have to be cut from 76,000 MW to 45,000 MW if under-production by CIL continues to limit fuel supply to power plants. The report has stated that 842 MT of coal would be required to meet the proposed generation requirement of 76,000 MW during the period. Out of the total coal requirement, 54 MT is to be imported and 653 MT is to be provided by CIL. But CIL has committed supply of only 415 MT. Although the coal shortfall can be met by imports, the same may not be feasible as existing boilers used in power generation support 15% of blending of imported coal.

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 stock markets slip into the red". 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.