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?  

Markets trading flat, IT gains
Fri, 16 Jul 11:30 am

After starting today’s session on a volatile note Indian indices are currently trading flat. Other key Asian markets have also lost some ground and are in the red. Stocks from IT and banking space are trading strong while stocks from oil & gas and power space are being subject to profit booking.

The BSE-Sensex is trading up by around 3 points, while the NSE-Nifty is up by about 2 points. However, buying interest is being witnessed among mid and small cap stocks as the BSE-Midcap and BSE-Smallcap indices are trading higher by 0.4% and 0.7% respectively. The rupee is trading at 46.75 to the US dollar.

FMCG stocks are trading mixed with Tata Tea and United Spirits leading the gains. Godrej Consumer is trading negative. Colgate-Palmolive (India) announced its 1QFY11 results. The company reported a 13.3% YoY growth in sales. Operating margins for the quarter grew by almost 4% to 29%. This was on the back of fall in raw material prices. However, higher advertisement spending, increase in staff costs and other expenditure prevented operating margin from increasing further. Net profits jumped by 18.7% YoY during the quarter. This increase was aided by higher operating income. But an increase in the effective tax rate capped net profit growth.

As per leading news daily, Pantaloon Retail (Pantaloon) is planning to speed up its expansion plans owing to the improvement in consumer sentiment. The company plans to add around 2.5-3.5 m sq ft of retail space per year. The expansion will be across both the value and lifestyle formats. It should be noted that the company added 1.7m sq ft and 1.5 m sq ft of space in FY09 and FY10, respectively. At the end of FY10, the company had total retail space of 13.5 m sq ft. Meanwhile, in the move to become a pure retail player the company has transferred its value formats to wholly owned subsidiary, Future Value retail. It has also decided to merge the sports, home and electronics retail business with itself. We believe the strategy to expand the retail space at this point of the real estate cycle will enable the company to better negotiate on rental deals.

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 "Markets trading flat, IT gains". 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.