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

Realty stocks feel the heat
Wed, 30 Apr Closing

After slipping into negative territory during the post noon trading session, the Indian stock markets ended the day on a weak note. The BSE-Sensex closed lower by about 48 points or 0.2%. The NSE-Nifty closed lower by about 19 points or 0.3 %. Barring stocks from the FMCG, Auto and oil and gas spaces, losses were seen across the board with Realty stocks being battered the most. Even the BSE Mid Cap and BSE Small Cap indices ended the day on a negative note, with both the indices closing lower by about 1.1% and 1.7% respectively.

However, stock markets in other parts of Asia ended the day on a positive note. The rupee was trading at Rs 60.31 to the dollar at the time of writing.

Mining stocks closed the day on a weak note. MMTC Ltd and Ashapura Minechem were the leading losers. Coal India fell short of its 462.5 (MTPA) production target in FY14. However, in FY15, it has been assigned a higher production target of 507 MTPA. Many believe that it is challenging to achieve the same given the company fell short of its FY14 target by 4% odd. It may be noted that being a PSU it is assigned production targets by the government. But it is getting harder for the company to meet the same in light of increased difficulty in getting mining clearances. Thus, it would be interesting to see if FY15 targets are achieved or whether the company will fall short of it as was the case in FY14.

Major stocks from Indian pharmaceutical sector have closed in the red. The leading losers were JB chemicals and Wockhardt Ltd. Glenmark pharmaceuticals, declared some progress in its R&D program. As per the press release, the company's novel monoclonal antibody GBR 900 is entering the human trials for treatment of chronic pain. The company has filed Ph I clinical trials application with Medicines and healthcare products regulatory agency (MHRA) UK. GBR 900 targets TrkA, a receptor for nerve growth factor (NGF) involved in chronic pain signalling. In 2010, Glenmark gained an exclusive worldwide license from Lay Line Genomics S.p.A. (Italy) for anti-TrkA antibodies and their entire intellectual property portfolio in the TrkA field. GBR 900 is the optimized anti-TrkA antibody emerging from this exclusive worldwide license. As per the management, this development is very exciting and has the compound which has lots of out licensing potential. Glenmark closed up by 4.6% today.

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 "Realty stocks feel the heat". 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.