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?  

FMCG stocks lead the rally
Mon, 2 Sep 01:30 pm

Backed by persistent buying activity Indian equity markets climbed higher during the post noon trading session. All the sectoral indices are trading positive with FMCG and metal stocks being among the leading gainers.

BSE-Sensex is up by 238 points and NSE-Nifty is trading up by 66 points. While BSE Mid Cap is trading up by 1.19%, BSE Small Cap index is trading up by 1.09%. The rupee is trading at 66.05 to the US dollar.

Majority of the automobile stocks are trading in the green with Ashok Leyland and Maruti Suzuki being the top gainers. As per a leading financial daily, passenger car major Maruti Suzuki has reported 61.24% increase in total sales for the month of Aug 2013. The company has sold 87,323 units during the said period vs 54,154 units sold in Aug 2012. Large part of this growth was on back of both domestic and export sales. The domestic sales grew by 51.6%, while exports increased by 180% for the month of Aug 2013. In the domestic segment, mini segment cars grew by 45.1%. The compact cars segment witnessed healthy growth of 188%. The utility segment sales fell by 33.7% for the month of Aug. Maruti Suzuki was trading up by 2% at the time of writing.

Majority of the power stocks are trading in the green with Nevyeli Lignite and Reliance Infra leading the gainers. However, Tata Power and National Thermal Power Corporation (NTPC) are among the few stocks trading in the red. As per a leading financial daily, in a relief to power generation companies, the Revenue Department has exempted customs duty on equipment required for ash disposal system and coal transport facilities. This waiver is available for power plants with generation capacity of over 1,000 MW. In 2012, the government had provided excise duty exemption on equipment and machinery required for setting up ultra-mega and mega power projects. It may be noted that power projects having generation capacity of over 1,000 MW are considered as mega whereas projects with capacity above 4,000 MW are considered as ultra mega plants.

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 "FMCG stocks lead the rally". 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.