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?  

Consumer durable stocks outperform
Thu, 6 Dec 11:30 am

Indian equity markets traded in the red during the last two hours of trade. Sectoral indices traded weak except for consumer durable stocks.

The BSE-Sensex is trading lower by 166 points and NSE-Nifty is trading lower by 50 points. BSE Mid Cap and BSE Small Cap indices are trading down by 0.1% each. The rupee is trading at 54.51 to the US dollar.

Hotel stocks are trading weak led by Country Club and Taj GVK. As per a leading daily, Indian Hotels is revising its offer to acquire Orient Express upwardly by around 10-15%. At present Indian Hotels holds 6.9% stake in the company. This follows the British hospitality group's rejection of the earlier offer of US$ 1.86 bn. This implies price per share of US$ 12.63 which is now being revised to around US$ 15 per share. Indian Hotels is in talks with bankers for expanding its financing power. We may note here that Indian Hotels operates in the Indian hospitality space under the brand name of Taj.

Engineering stocks are trading in the red led by Everest Kanto Cylinder and Finolex Cables. According to a leading financial daily, Larsen & Toubro (L&T) has secured an order of Rs 7.3 bn from Nuclear Power Corporation of India (NPCI) for the Rajasthan Atomic Power Plant (RAPP). Accordingly, L&T will supply install and commission the Balance of Turbine Island package for two new 700 megawatt capacity units, RAPP 7 & 8, located at Rawatbhata near Kota. Besides, L&T will be carrying out civil work for the turbine halls, electrical bays and transformer yard. L&T's contribution to the Indian nuclear energy segment is already increasing. With this new order, the relationship between L&T and NPCI will be further strengthened.

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 "Consumer durable stocks outperform". 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.