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 indices remain weak
Thu, 9 May 11:30 am

Indian equity markets have remained weak during the previous two hours of trade. IT and auto are leading the pack of winners while capital goods and healthcare are facing the maximum selling pressures.

The BSE Sensex is down by 23 points and the NSE-Nifty is down by 7 points. BSE Mid Cap index is trading up by 0.02% while BSE Small Cap index is trading up by 0.3%. The rupee is trading at 54.26 to the US dollar.

Stocks from the investment and finance sector are trading on a mixed note with Prime Securities and Indiabulls Financial Services leading the gains and India Infoline and Motilal Oswal leading the losses. HDFC declared its results for the fourth quarter and financial year 2012-13 (FY13) yesterday. Interest income has grown by 21% YoY in FY13 on the back of 31% YoY growth in retail loan book and 24% YoY growth in total loan book. Net interest margin has fallen by 0.2% to 4.3% in FY13 from 4.1% in FY12. Other income has increased by 16.9% YoY in FY13 on the back of higher gains booked on sale of investments. Net profit has grown by 17.6% YoY for FY13 which is in line with the increase in net interest income. For 4QFY13, profits have grown by 17.3% YoY despite provisions remaining flat. Capital adequacy and gross NPAs stand at 16.2% and 0.7% respectively at the end of March 2013. The Company has declared a dividend of Rs 12.5 per share for FY13 (dividend yield 1.4%). HDFC's share is trading up by 0.7%.

Engineering shares are trading on a mixed note with Finolex Cables and Praj Industries leading the gains and Opto Circuits and Manugraph India leading the losses. ABB has reported its results for the first quarter ended March 31, 2013. The Company's net profits have fallen by 10.7% YoY due to higher interest costs. The Company's interest burden has increased by almost four times to Rs 197.5 mn from Rs 54 mn during the recently concluded quarter. Total income from operations, however, has grown by 10% YoY to Rs 19.7 bn mainly on account of 32% YoY revenue growth in power system segment. ABB's share is trading down by 2.6%.

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 "Indian indices remain weak". 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.