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?  

Realty stocks lead the gains
Tue, 4 Dec 11:30 am

Indian equity markets traded in the positive during the last two hours of trade after opening on a flat note earlier today. Sectoral indices traded firm except IT and FMCG stocks.

The BSE-Sensex is trading higher by 38 points and NSE-Nifty is trading higher by 11 points. BSE Mid Cap and BSE Small Cap indices are trading up by 0.7% and 0.8% respectively. The rupee is trading at 54.85 to the US dollar.

Automobile stocks are trading mixed with gains led by TVS Motors and Eicher Motors while Ashok Leyland and Mahindra & Mahindra (M&M) are among the losers. As per a leading daily, TVS Motors is thinking of a long term technology partnership with BMW. With this, TVS wants to source technology for producing high end bikes. We may note here that BMW got into the high-end performance bikes segment in India in 2010 and is currently selling such bikes in the country. According to the management, TVS is in talks with the German luxury car and bike manufacturer and may announce a deal by the end of this fiscal. Also, TVS is looking at launching bikes beyond the 200cc segment and targeting to launch one in the next couple of years.

Engineering stocks are trading in the green led by Shanthi Gears and Thermax Limited. According to a leading financial daily, L&T is planning to set up one of the largest residential projects in Mumbai, measuring up to two million square feet over 20 acres of vacant land on its Powai campus in Mumbai. The residential real estate prices in Powai and adjoining areas are around Rs 25,000 per sq ft. This means the project would yield an estimated Rs 500 bn in sales. The project comes at a time when L&T is planning to shift its switchgear unit at its adjoining Navi Mumbai campus. L&T has already constructed two commercial towers, one has been leased to JP Morgan and the other is occupied by L&T Infotech. But the new towers will be residential.

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 "Realty stocks lead the 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.