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?  

Mid and Small Caps buck the trend
Mon, 5 Dec 11:30 am

Indian stock markets indices are trading weak over the last two hours of trade. Power and Realty stocks witnessed maximum buying interest while Metal and IT stocks witnessed maximum selling pressure.

The BSE-Sensex is down by 101 points, while the NSE-Nifty is down 40 points. BSE Mid Cap index and the BSE Small Cap index are up by 0.19% and 0.27% respectively. The rupee is trading at 51.42 to the US dollar.

Real Estate stocks are trading in the green led by Parsvnath Developers and Housing Dev. Infra (HDIL). According to a leading financial daily, the country's largest real estate company DLF Limited, has signed an agreement to divest all its stake in Galaxy Mercantile Limited, a joint venture company between DLF Home Developers Limited and Infrastructure Development Finance Company Ltd (IDFC). DLF Home Developers is a wholly owned subsidiary of DLF and had 71% equity stake in Galaxy. IDFC will buy the entire stake of DLF over the next 12 to 18 months for Rs 4.5 bn. The company has already received Rs 2 bn as the first tranche. This is in line with DLF's strategy to offload non-core assets and cut debt.

Power stocks are trading strong led by Adani Power and GVK Power. According to a leading financial daily, National Thermal Power Corporation (NTPC) has warned that power supply to two distribution companies in Delhi, BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL), would be stopped next week if they do not clear dues of over Rs 1.95 bn. The state run firm, which supplies 2070 Mega Watt (MW) electricity to the BSES companies, has served notices urging them to renew the Letter of Credit (LC) or supply could be suspended. As per power purchase agreements, maintenance of LC for an adequate amount is a pre-requisite for availing electricity from NTPC. Otherwise, NTPC shall serve a notice of 90 days on BRPL/BYPL to remedy the default during which period power supply shall remain suspended. BRPL and BYPL account for over 70% of the electricity supply in Delhi.

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 "Mid and Small Caps buck the trend". 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.