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?  

IT, Banking stocks outperform
Tue, 28 Jul 11:30 am

After opening the day on a flat note, the Indian Indices continued to trade slightly above the dotted line. Sectoral indices are trading on a mixed note with stocks from the auto and energy sectors leading the losers. However IT, banking and engineering stocks are trading firm.

The BSE-Sensex is trading up 5 points (0.02%) and the NSE-Nifty is trading up by 2 points (0.02%). The BSE Mid Cap index and the BSE Small Cap index are trading marginally higher by 0.1% and 0.3% respectively. At the time of writing, the rupee stood at 64.04 to the US dollar.

Stocks in the cement sector are trading on a mixed note with Prism Cement and Heidelberg Cement leading the gains. India's third largest cement maker and part of Swiss cement giant Holcim Ambuja Cement has declared its quarterly results for the period ended June 2015. The numbers came below previous year's level on the back of weak demand and poor pricing of the building commodity. On a YoY basis the company's net profit dipped by 45%. The earnings before interest, tax, depreciation and amortization (EBITDA), declined 33.2% YoY. Net sales for the quarter declined about 8% YoY. Stock of Ambuja Cement is trading down by 0.5%.

Automobile stocks are trading mixed with Tata Motors and Hero Motocorp bearing maximum burnt. As per financial times, TVS Motor, the third largest two-wheeler manufacturer in India, is targeting is targeting 14.5% market share in domestic two-wheeler industry by FY16. The company is also targeting exports of 4 lakh two-wheelers in FY16 which will comprise an export market share of 15%. Further, the company is planning to invest around Rs 3.5 bn during the current fiscal. This investment is for the purpose of product development and capacity expansion. For the quarter ended June 2015, two-wheeler sales of the company have witnessed a rise of 8.8% on a YoY basis. Currently, the stock of company is trading down by 2.7%.

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 "IT, Banking 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.