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Consumer durables lead the gains
Wed, 27 Aug 11:30 am

After opening firm, the Indian Indices continued to trade above the dotted line during the morning trading session. Barring stocks from power and metal sectors, all sectoral indices are trading firm. Maximum buying interest is witnessed in stocks from consumer durables and IT sectors.

The BSE-Sensex is trading up by about 125 points. The NSE-Nifty is trading up by about 33 points. The BSE Mid Cap index is trading higher by 0.46% while the BSE Small Cap index is trading up by 0.85%. The rupee is trading at 60.49 to the US dollar.

Majority of Food and tobacco stocks are trading in the green with Britannia and Golden Tobacco being the top gainers. As per financial daily, Tata Global Beverages Ltd is planning to expand its drinking water portfolio. Reportedly, the company is having three brands under its drinking water portfolio, viz; mineral water brand 'Himalayan,' fortified drinking water 'Tata Water Plus,' and nutrient water brand 'Tata Gluco Plus'. These three brands currently contribute to about 1% to total sales. The company is now aiming to increase this segment's contribution to about 10% of revenues. In the recently held AGM, the company's chairman Cyrus Mistry, stated that the consumers are increasingly focusing towards healthy natural beverages. Thus the market size for such drinks is expected to move up going forward. The company is expected to leverage key consumer trends like health and wellness and develop market differentiated products in tea, coffee and water.

Majority of the automobile stocks are trading firm with TVS Motors and Tata Motors being the leading gainers. As per the financial daily, Hero Motorcorp is aiming to sell 12 m units by 2020. The company continues to remain the leading player in the global two-wheeler market with sales of over 6.2 million units during the last year. Reportedly, the company expects atleast 10% of the targeted volume for 2020 coming from overseas markets. In order to attain its target the company is building in new capacities. The company already has four plants and is further looking to add two more facilities to increase its output levels.

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