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?  

Mid cap & small cap in spotlight
Tue, 20 May 01:30 pm

Indian share markets continued to trade close to the dotted line in the post-noon trading session. Barring oil & gas, banking and auto, all the sectoral indices are trading in the green. Realty stocks are the biggest gainers on the bourses today.

BSE-Sensex is up 18 points and NSE-Nifty is trading 14 points up. BSE Mid Cap is trading 2% up and BSE Small Cap index is trading up by 2.8%. The rupee is trading at 58.6 to the US dollar.

Most of the food & beverage stocks are trading mixed with Golden Tobacco and Sterling Biotech being the major gainers whereas Nestle and VST Industries are trading in the red. As per a leading financial daily, Tata Global Beverages Ltd (TGBL) has acquired Australian coffee company Bronski Eleven. Bronski Eleven is present in roasted and ground coffee and coffee pods or single service portions under the brand name MAP in Australia. As per the company, the current acquisition will enable it to strengthen its position in the high-growth 'single-serve business' as well as expand presence in Australia. TGBL has a presence in the coffee pod segment in the US through its agreement with Green Mountain Coffee Roasters' Keurig single serve machines for Eight O Clock Coffee. Similarly it is present in the single serve segment in Canada with Tassimo for Tetley tea. TGBL stock is currently trading up by 2%.

PSU banking stocks are trading on a mixed note today. While United Bank of India is leading among the stocks of gainers (up 7.3%), Bank of Baroda and Punjab National Bank are trading lower. As per a leading business daily, United Bank of India will seek shareholders approval to raise Rs 13 bn. The Kolkata based government owned bank has seen a substantial increase in Non Performing Assets (NPA. As per norms, the bank has to provide for up to 100% for bad loans depending upon the nature of the assets. In addition, the bank has also been struggling to meet its capital adequacy requirement under the Basel III international norms. The bank plans to raise about Rs 10 bn through public issue, QIP or rights issue and another Rs 3 bn through preferential allotment to the government. As of March 2014, the banks gross NPA at 10.5% and net NPA at 7.2% of total advances was much higher than the industry averages.

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 "Mid cap & small cap in spotlight". 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.