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?  

Small cap stocks in favour
Tue, 17 Jun 01:30 pm

Indian share markets continued to trade lower in the post-noon trading session. Majority of the sectoral indices are trading in the red with realty and metal stocks being the biggest losers. IT and oil and gas are among the few stocks trading in the green.

BSE-Sensex is down 31 points and NSE-Nifty is trading 6 points down. BSE Mid Cap is trading 0.4% up and BSE Small Cap index is trading up by 1.1%. The rupee is trading at 60.17 to the US dollar.

Most of the engineering stocks are trading in the green led by ABB Ltd and Alstom. As per a leading financial daily Titagarh Wagons Ltd (TWL) has entered into metro coach manufacturing business. The company recently won a contract for the midlife special repair and rehabilitation of seven rakes from the Kolkata Metro. The company is already present in manufacturing of passenger coaches- electrical multiple units. TWL has upgraded its facilities at Uttarpara (in West Bengal) to gear itself up for manufacture of all types of passenger coaches including metro coaches. TWL stock is presently trading up by 5%.

Private banking stocks are trading mixed today. While Federal Bank and Axis Bank are leading the pack of gainers, Kotak Mahindra Bank is trading weak. As per a leading business daily, Yes Bank has received shareholder's approval to raise capital to the tune of USD 500 m for its future growth plans. The bank will raise the capital through global qualified institutional placement. It will issue 53.5 m shares at Rs 550 per share. The issue will result in dilution of 12.9% of the bank's expanded capital base. The equity infusion will augment the bank's total capital adequacy ratio (CAR) to over 18% (from 14.4% as of March 2014), while the Tier I capital alone will increase to over 13%. Yes Bank grew its advances at a compounded annual growth rate of 25.8% YoY over the last 5 years. Yes Bank stock is trading higher by 0.8% today.

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 "Small cap stocks in favour". 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.