Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Indian Share Market Open Flat, Ratan Tata Takes Charge of Tata Group.
Tue, 25 Oct 09:30 am

Major Asian stock markets have opened the day on a mixed note with stock market in Japan is trading higher by 0.6%. While, benchmark indices in Hong Kong and China are trading lower by 0.2% and 0.1% respectively.

Stock markets in Europe and US ended their previous session on a positive note.

The rupee is currently trading at 66.8 per US$.

Indian stock markets have opened the day on a flattish note. The BSE Sensex is trading marginally lower by 20 points (down 0.1%) and NSE Nifty is trading marginally higher by 13 points (up 0.1%). Both, BSE Mid Cap and BSE Small Cap are trading lower by 0.1% respectively.

Major sectoral indices have opened the day in red with stocks from metal space are witnessing selling pressure.

At Equitymaster, we had conducted a poll back in 2012. The objective was simple. We wanted to find out who our readers perceive as the most trustworthy corporate group in the country. After polling 4,657 readers, a clear winner emerged. With close to 56% of the votes, the Tata Group blew away the competition.

Perhaps the results weren't surprising. The name Tata has long evoked respect and trustworthiness.

So how about changing the question a bit? How about ranking India's business groups in terms of shareholder returns over the past few years?

Here, the Tatas are a bit of a letdown. As many as seven of the nine largest listed Tata entities have put in a shoddy performance...not even earning their cost of capital. Needless to say, the performance of the group under Mr Mistry was in question.

Interestingly, in a key corporate developments yesterday, Mr Cyrus Mistry was removed as the chairman of Tata Sons. His predecessor Mr Ratan Tata, has been appointed as the interim chairman for four months and will be at the helm of the affairs for this period.

During Mr Mistry's tenure he focused on divestments from loss making enterprises and non-core businesses.

Reportedly, apart from the steel assets sale, this year the group has sold a host of assets across businesses. In August, Tata Chemicals Ltd its urea plant in Babrala, Uttar Pradesh, to the Indian unit of Norway-based Yara International for Rs 26.7 billion. In July, the hotels business of the group <>Indian Hotels Co sold Taj Boston, one of its three US-based properties, for US$ 125 million (about Rs 8.40 billion).

In May, Tata Communications Ltd sold a 74% stake in its data centre business to a unit of Singapore's Temasek Holdings for US$ 634 million (approximately Rs 42.6 billion).

Mr Ratan Tata- at the helm of the group's affairs for around three decades till Mr Mistry took over, brings in a lot of experience with him and his vision will drive the company's fortunes in the coming months till the board finds a suitable replacement.

Radhika, our ValuePro editor has written a full series about which Tata Group companies are investment worthy and which are not in ValuePro Contenders.

As per an article in Livemint, Idea Celllular reported its results for the quarter ended September 2016. The revenues grew by 7.2% YoY during the quarter- the lowest ever growth reported by the company.

Further, the revenues growth in the data segment fell to 19% during the quarter as compared to a robust of 80% growth reported a year back. Data revenues fell mainly on the back of lower realizations. Average data revenue per user declined by 9.7% YoY during the quarter- far worse as compared to a 3.4% drop in the June quarter.

This scenario is set to worsen in the December quarter once the effect of Jio's welcome offer comes in. Recently, the company invested around Rs 128 billion in the spectrum auctions to expand its network to help retail customers.

The threat from Jio will be the key thing to watch out for going forward. The stock is trading lower by 3%.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Equitymaster requests your view! Post a comment on "Indian Share Market Open Flat, Ratan Tata Takes Charge of Tata Group.". Click here!


Views on News

Two Meetings That Nailed the Idea of Owning Brilliant Smallcaps Without Buying Them (The 5 Minute Wrapup)

Mar 22, 2018

Certain blue chips hold the potential of delivering returns comparable to small-cap stocks. With these stocks, you can get the best of both worlds.

These Are the Stocks to Buy Before the Market Goes Up (The 5 Minute Wrapup)

Dec 14, 2018

The state election results and the resignation of RBI governor, Urjit Patel, has made the market nervous. It is exactly in times like these, you can get to buy the best quality safe stocks at the right prices.

Don't Lose Focus! Buy the Best 7 Stocks Before the Year Ends (Profit Hunter)

Dec 14, 2018

The election results, the RBI drama, the market volatility - they do nothing but distract us from true wealth building. It is exactly in times like these, you can and should buy the best quality safe stocks at the right prices.

Want To Know The Smart Way To Save Tax This Year? Read This! (Outside View)

Dec 13, 2018

Among the tax-saving products, ELSS is one of the most attractive options for investors having an appetite for high risk. It is also an avenue that has the shortest lock-in period of three years.

Seven Election-Proof Stocks to Buy Now (The 5 Minute Wrapup)

Dec 13, 2018

In volatile times like these in the run up to the 2019 elections, which should you look at?

More Views on News

Most Popular

4 Rebound Stocks to Profit from the Current Small Cap Crash(Profit Hunter)

Dec 3, 2018

Indian small cap space is offering a discount season. Make sure you do not get too late to scoop up the bargains.

It's Almost the Perfect Time to Buy This Safe Stock(The 5 Minute Wrapup)

Dec 6, 2018

My latest StockSelect recommendation ticks all the boxes of a great safe stock.

Looking For Higher Interest Rates on Bank FDs? Read This!(Outside View)

Dec 5, 2018

Credit disbursement to the productive sectors of the economy such as infrastructure, engineering, food processing, textiles, and chemicals, among others is rising.

Are Foreign Investors Heading Back to the Indian Stock Markets?(Chart Of The Day)

Dec 3, 2018

After months of heavy FII selling, November witnessed a return on foreign money into Indian equities...

DSP Mutual Fund's Sale of DHFL Bonds: Here's What You Need to Know(Outside View)

Dec 5, 2018

PersonalFN explains the probable reason as to why the capital market regulator has initiated DSP Mutual Fund's bond sale that caused DHFL stock to crash.


Small Investments
BIG Returns

Zero To Millions Guide 2019
Get our special report, Zero To Millions
(2019 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Dec 14, 2018 (Close)