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 Open Flat
Fri, 20 May 09:30 am

Major Asian stock markets have opened the day on positive note. Stock markets in Hong Kong and Taiwan are trading higher by 1.1% and 0.9% respectively. Benchmark indices in Europe and US ended their previous session on a encouraging note. The rupee is trading at 67.23 per US$.

Indian stock markets have opened the day on a flat note. The BSE Sensex is trading higher by 30 points (up 0.08%) and NSE Nifty is trading higher by 5 points (up 0.05%). Both, BSE Mid Cap and BSE Small Cap are trading marginally lower by 0.04% and 0.4% respectively.

Major sectoral indices have opened the day in green with stocks from FMCG and Power sectors witnessing selling pressure.

Lupin Ltd has declared results for the fourth quarter and for the financial year ending March 2016. Net sales for the quarter was up by 34% YoY for the quarter. The growth was helped by growth in the US business which grew by 57% YoY during the quarter. The sales for domestic and Japan segments was up by 14.7% and 17% YoY respectively. EBITDA for the quarter was up by 72.7%, due to better product mix. Profits were up by 47.5%.

Lupin had made acquisition of Gavis in FY16. This company has good presence in the US market and a pipeline of niche drugs awaiting USFDA approval. Going forward, Gavis consolidation could be important driver for the Lupin's growth in the US market.

In another news development, the FMCG players could face more challenges. The FMCG companies have been already facing rising competition from Patanjali. As reported in a financial daily, Food Safety Standards Authority of India (FSSAI), is looking forward to bring more clarity in the quality standards after the episode of Maggi controversy. This will be the first time that FSSAI would come up with quality standards specifically for instant noodles. So far, there have been a common standard for ready-to-cook products including noodles.

As the Indian regulator too is becoming stringent on quality fronts, the companies that will be able to meet these norms will be least impacted. Over and above, investors would be better off, looking into valuations at the FMCG companies before investing in the companies.

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 Open Flat". 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.