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

Indian markets back in red
Thu, 7 Feb 01:30 pm

On the back of poor GDP growth forecast by Central Statistical Organisation (CSO) at 5% for FY13, Indian stock markets shed gains in the last two hours of trade. Heavy selling is being witnessed across all the sectors with consumer durables and metal stocks being the biggest losers.

BSE-Sensex is down by 72 points and NSE-Nifty is trading down by 23 points. While BSE Mid Cap is trading down by 0.9%, BSE Small Cap index is trading down by 1.0%. The rupee is trading at 53.29 to the US dollar.

Most of the mining stocks are trading in the red with Sesa Goa and Guj. Nre Coke being among the top losers. Manganse Ore India Limited (MOIL Limited) declared its results for the quarter ended December 2013. The company has reported a 4.7% YoY decline in net sales. The decline on the topline was largely due to poor performance in its manufacturing and power segments. The company did total production of 285,100 MT and total sales were 285,500 MT during the quarter. The operating profits improved by 4.9% YoY on back of better realization from its mining segment. Further, the power segment witnessed loss at the EBIT level. At the bottom line level, net profits increased by 11.9% YoY, while net profit margin increased by 8% YoY. The company declared an interim dividend of Rs 2 per share for the financial year 2012-13. The stock is trading down by 1.23%.

Majority of the FMCG stocks are trading in the green with Paper Products and Bata India leading in gains. Procter & Gamble Hygiene & Healthcare (PGHH) has declared its results for the quarter ended December 2012. The company recorded a 33% increase in topline led by over 45% growth in the feminine care segment and 19% rise in the personal health care segment. Cost savings from rationalization in raw material expenses and wages was more than offset by a steep 63% jump in other expenses for the quarter. Other expenses were unreasonably high on account of escalation in distribution expense, unrealized foreign exchange loss and contract termination charge of Rs 70 m. As a result the operating margin of PGHH eroded by 3.3% to 14%. Earnings grew by a muted 5.5% on a 6.8% rise in operating income. Tax incidence rose to 26% from 24% in the year-ago quarter. PGHH stock is currently down 0.8%.

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 "Indian markets back in red". 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.