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?  

Indian stock markets open in the green
Mon, 28 Oct 09:30 am

Barring China (down 0.2%), the major Asian stock markets have opened the day in the green with Japan (up 1.1%) and Taiwan (up 0.7%) leading the gains. The Indian equity markets have also opened the day on a positive note. Barring healthcare and FMCG, all sectoral indices have opened in the green with stocks in the realty and capital goods space leading the gains.

The Sensex today is up by around 76 points (0.4%), while the NSE-Nifty is up by around 18 points (0.3%). The midcap and smallcap stocks have also opened in the green with the BSE Mid Cap index and the BSE Small Cap index up by around 0.4% each. The rupee is trading at 61.45 to the US Dollar.

Auto stocks have opened the day mainly in the green with Mahindra & Mahindra Ltd and Ashok Leyland Ltd leading the gains. TVS Motor Company has announced results for the second quarter of the financial year 2013-14 (2QFY14). The company has reported a 17% year on year (YoY) growth in the revenues for the quarter. The total two-wheeler sales volumes of the company increased by 2% YoY during the quarter. Of the total, motorcycle sales volumes during the quarter were up by 18% YoY while scooter sales volumes declined by 2.5% YoY. The two wheeler exports volumes registered a 27% YoY growth during the quarter. The three wheeler sales volumes during the quarter grew by 85% YoY. The net profits (post exceptional item) for the quarter registered a growth of 97% YoY. During the company, the company divested its majority stake in TVS Energy Ltd. As such, TVS Energy and its two subsidiaries ceased to be subsidiaries of the Company with effect from 16th August 2013. The company has declared an interim dividend of Re 0.65 per share for the year 2013-14.

FMCG stocks have opened the day mainly in the red with Colgate Palmolive India Ltd and Kokuyo Camlin Ltd leading the losses. However, Archies Ltd and Hindustan Unilever Ltd have opened on a positive note. Colgate Palmolive India Ltd has reported results for the second quarter of the financial year 2013-14 (2QFY14). The net sales for the quarter grew by around 15.8% year on year (YoY). The growth in sales was supported by a 10% YoY growth in the volumes, led by a strong growth of 9 % in toothpaste category. The net profits for the quarter however declined by 24.5% YoY. As per the management, the company has further strengthened its leadership position during the quarter in the toothpaste segment. The Board of Directors of the company has approved an interim dividend of Rs 9 on per equity share of Re 1 for the financial year ending March 31, 2014.

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 "Indian stock markets open in the green". 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.