Helping You Build Wealth With Honest Research
Since 1996. Read On...

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?  

Revealed
India's Third Giant Leap

This Could be One of the Biggest Opportunities for Investors




Important: We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
By submitting your email address, you also sign up for Profit Hunter, a daily newsletter from Equitymaster
covering exciting investing ideas and opportunities in India.

AD

Broad based buying aids indices
Thu, 3 Feb 11:30 am

After starting today's session on a marginally positive note, Indian indices have gained further ground and are currently trading firm. All the sectoral indices are trading in the green with realty and metal stocks leading the gains.

Currently, the BSE-Sensex is up by 259 points while NSE-Nifty is trading 84 points above the dotted line. BSE Midcap and BSE Small cap indices are both up by 0.62% and 0.67% respectively. The rupee is trading at 45.66 to the US dollar.

Engineering stocks are trading mixed with Honeywell Automation and Sanghvi Movers leading the gains. However, Voltas and Manugraph India are trading weak. Greaves Cotton has entered into a long term agreement with M&M to supply single cylinder engines for three wheelers. The agreement is for a period of five years and the contract is on an exclusive basis where Greaves Cotton would be a single source supplier for 100% of the engine requirement of M&M. It may be noted that earlier this month the company also bagged a 10 year contract from Tata Motors to supply small diesel engines. Apart from Tata Motors and M&M the company currently meets diesel engine requirements of various companies including Atul Auto, Piaggio and Scooters India. In order to meet the growing demand for diesel engines, the company plans to build a new engine manufacturing facility in Aurangabad with an investment of Rs 1 bn. The proposed expansion will take the company's total engine manufacturing capacity to 400,000 units per annum.

Food and tobacco stocks are trading mixed with GSK Consumer and Wadala Commodities trading firm and Golden Tobacco and Tata Coffee trading weak. As per a leading financial daily, ITC is considering increasing prices of its packaged foods by 7-8%. This is due to the rise of input costs. There has been a rise of 30-35% in agricultural commodities over the past 2 years along with a rise in freight rates and packaging costs. ITC, to neutralize this rise, is considering a price hike in the coming days. It may be noted that the company is looking at a growth of 14-15% YoY in the packaged foods segment in FY12.

ITC came out with its 3QFY11 results recently. The top line grew by 18.6% YoY on the back of strong performance by the company's cigarette business (up 15.6% YoY) and foods business (up 24% YoY). Hotels and agri businesses also did well with a growth of 15% YoY and 18% YoY respectively. Net profit of the company for the quarter increased by 21.4% YoY, while net profit margins expanded by 0.6%.

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 "Broad based buying aids indices". 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 Research Private Limited (formerly Equitymaster Agora Research Private Limited).

Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap

Phone +91-9136015013

Equitymaster Research Private Limited (formerly 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 Research Private Limited (formerly 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.