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

Heavyweights drive Sensex gains
Tue, 1 Mar 01:30 pm

Indian indices continued their northward climb on the back of buying interest in heavyweights. All the sector indices are trading in green. The BSE Auto Index has risen by over 5% on account of investor interest in automobile stocks.

The BSE-Sensex is up by 500 points while NSE-Nifty is trading 150 points above the dotted line. BSE Midcap index is up by 2.4% while BSE Small cap index is trading 1.6% over yesterday closing. The rupee is trading at 45.13 to the US dollar.

Auto stocks are buzzing with Ashok Leyland, M&M, Maruti leading the pack of gainers. Maruti Suzuki, the leading passenger car maker, has reported strong growth in vehicle sales in the domestic market for the month of Feb 2011. The company has sold 111,645 vehicles in February 2011, up around 16% YoY. Sales in the domestic market stood strong at 101,543 units, up around 20% YoY. The domestic market accounted for over 90% of the total sales during the month. Sales for the A2 segment comprising of cars such as Alto, Wagon-R, Zen, Swift, Ritz, A-Star grew by over 19%. The A3 segment comprising of SX4 and Dzire models saw a 27% growth in sales. In Feb 2011, the company also launched the luxury sporty Kizashi sedan and the deliveries for the sedan are expected to begin this month. On a cumulative basis for the first 11 months of FY11, the company sold a total of 1,149,053 vehciles registering a 25% YoY growth in vehicles sold.

Engineering stocks are trading firm with Havells and Suzlon leading the gains. BHEL has won a major order for supply and installation of the main plant package for a thermal power project in West Bengal, involving two units of 550 MW each. The project won under international competitive bidding is valued at Rs 32 bn. BHEL’s scope of work in this project includes design, engineering, manufacturing and commissioning of steam turbines and generators for the main plant package. It may be noted that BHEL has developed state-of-art technology to manufacture thermal sets up to 1,000 MW and is also equipped to produce thermal sets with super-critical parameters. Separately, the company has also disclosed its intentions to commence production of renewable generating equipments soon. For the same, it plans to enter into a JV with BEL for the production of photo voltaic cells. The proposed plan may require an investment to the tune of Rs 30 to 40 bn.

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 "Heavyweights drive Sensex gains". 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.