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 get a boost in final session
Tue, 12 Aug Closing

After trading in a rangebound manner for most part of the day, buying activity picked up in the final hour of trade. The BSE-Sensex ended the day higher by about 361 points or 1.4%, while the NSE-Nifty ended higher by about 1.3% or 101 points. Gains were seen in stocks across the board with those from the auto and oil and gas spaces being the top performers today. The BSE Mid Cap and BSE Small Cap indices ended the day on a firm note as well, with the indices closing higher by about 0.5% each.

Stock markets in other parts of Asia closed firm with Japan and Hong Kong reporting gains of about 0.2% each. European stocks were trading mixed when the Indian stock markets closed. The rupee was trading at Rs 61.18 to the dollar at the time of writing.

Auto stocks ended the day on a firm note led by Eicher Motors, Tata Motors and Escorts. Eicher Motors announced its results for the quarter ended June 2014 recently. The company reported a strong 35% YoY growth in consolidated revenues, while profits were up by 71% YoY. Growth was led by the company standalone business (Royal Enfield) wherein revenues and profits were up by 95% YoY and 153% YoY respectively. It may be noted that the standalone business' contributed to about one-third of consolidated revenues and about 65% of consolidated operating profits during the quarter gone by. The company's subsidiary (VECV - its commercial vehicles business) witnessed a revenue growth of 16% YoY while operating profits remained flat. The stock of Eicher Motors ended the day higher by about 8% today.

Power stocks ended the day on a firm note led by PTC India, JSW Energy and NTPC. PTC India announced its results for the quarter ended June 2014 recently. The company's revenues were up by 33% YoY during the quarter. Sales volumes came in higher by 23% YoY. Operating profits were up by 69% YoY as margins expanded to 1.6% from 1.2% in same quarter last year. Profits before tax were up by 62% YoY led by higher other income in addition to a strong operating performance. The company's profits were up by 48% YoY. Ending with gains in excess of 7%, the stock of PTC India was amongst the top performing power stocks today.

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 get a boost in final session". 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.