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

Banking & Energy propel markets
Mon, 24 Mar 01:30 pm

Indian share markets surged ahead in the post-noon trading session. Barring consumer durables and pharma, all the sectoral indices are trading in the green with banking, oil and gas and realty stocks being the biggest gainers.

BSE-Sensex is up 314 points and NSE-Nifty is trading 94 points up. BSE Mid Cap is trading 0.3% up and BSE Small Cap index is trading up by 0.4%. The rupee is trading at 60.7 to the US dollar.

Most of the retail stocks are trading in the red with Koutons Retail and Shoppers Stop being the biggest losers. As per a leading financial daily, Titan Industries wants to expand its market size two-and-half folds over the next five years. The company, that sells its jewellery under the Tanishq brand, is outlining its expansion by venturing into unexplored markets through network expansion and new design launches. Titan Industries reported jewellery sales of Rs 80 bn in FY13, constituting 4% of the estimated size of Rs 2.4 trillion of the jewellery market in India. The company is targeting the middle class that are increasingly buying branded jewellery. Titan currently has a network of 150 shops and three manufacturing plants at Pantnagar(Uttarakhand), Dehradun(Uttarakhand) and Hosur(Tamil Nadu). The curbs on gold imports have pulled up the company's financing cost from 3% to 5%. Titan's stock is currently trading down by 0.5%.

Majority of the FMCG stocks are trading in the red with Godrej Consumer and Emami being major losers. As per a leading financial daily, cost cutting measures by FMCG companies amidst slowdown in consumer demand led to fewer products being launched in 2013. As per research firm, IMRB, growth in product launches in fast moving consumer goods space slowed down to 5% in 2013 as compared to 35% in 2012. While categories such as tea, breakfast, cereals, hair products, washing powders and noodles saw fewer launches, skincare and oral care products reported higher launches during the year. In an inflationary environment even as companies have increased brand investments and offered promotional offers and price cuts to prop up volumes, companies have postponed new launches to keep expenses low. Dabur restricted its new products Real drinking yogurt and premium chywanprash Ratnaprash to select markets instead of a national rollout.

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 "Banking & Energy propel markets". 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.