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 stock markets tumble lower
Tue, 12 May 01:30 pm

The Indian stock markets slipped further into the red in the post noon trading session. Almost all the <>sectoral indices are trading lower with steel and mining sectors bearing the maximum burnt.

The BSE-Sensex plunged over 566 points (2%) while the NSE-Nifty is trading lower by 180 points (2.1%). BSE Mid Cap index is trading down by 1.7% and the BSE Small Cap index is trading down by 1.5%. In the commodity markets, Gold prices are trading at Rs 26,938 levels, Silver at Rs 37,743 levels and Crude oil at Rs 3,824 price levels.

At the time of writing, the INR was trading at 64.2 to the US dollar.

Stock of consumer products are trading mixed with Lakshmi Energy and Emami Ltd being the leading losers. Hindustan Unilever (HUL), the country's largest consumer goods company, has reported a year-on-year (YoY) rise in net profit by 16.7% at Rs 10.2 bn for the quarter ended March 2015. The net profit stood at Rs 8.72 bn in the corresponding period of the last fiscal. However, the numbers for the quarter ended March 2015 are a mixed bag. While the company's sales grew 9% to Rs 75.6 bn, volume growth was 6%. The earnings were driven by the sale of real estate assets which in turn resulted in a higher tax payout that impacted adjusted earnings growth. The big positive during the quarter has been strong margin expansion on account of lower input costs which shored up gross margins by 317 basis points (3.17%). The stock of HUL is trading lower by 2%.

Textile stocks are trading in the red with Arvind Ltd and Bombay Dyeing bearing major losses. According to a leading financial daily, SRF Ltd closed FY15 with 86% YoY profit growth at Rs 3 bn, while growing revenues by 13% YoY to Rs 44.9 bn at a consolidated level. The company, during the year, has acquired the global 134a (Solkane) pharma business from DuPont India and completed first order of supply of HFC 134a cans to Walmart in US. Also the board of company had approved two separate capex proposals, one for setting up a plant at Dahej to manufacture existing range of specialty chemicals to cater to the increased demand and the other for improving the product development capability in Engineering Plastics. The aggregate investment for the same would be around Rs 540 m. The stock of SRF Ltd is currently down nearly 2.3%.

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 stock markets tumble lower". 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.