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 markets trade in the red
Tue, 27 May 11:30 am

After opening weak; the Indian Indices have continued the downward trend in the last two hours of the trading session. Auto, energy and metal stocks are leading the losers.

The BSE Sensex is trading down 171 points and the NSE-Niftyis trading down 49 points. The BSE Mid Cap index is trading down 1.3%, while the BSE Small Cap index is trading down 1.7% today. The rupee is trading at 59.02 to the US dollar.

Food and Tobacco stocks are trading mixed today. Sterling Biotech and VST Industries are leading the gainers; while Golden Tobacco and Ruchi Soya Industries are leading the losers. Britannia Industries has declared its fourth quarter and annual results for FY14. The revenue for the company has grown by 9% YoY in 4QFY14 while net profit has grown by 17% YoY for the same period. For FY14; the sales grew by 11.35% YoY while net profit grew by 52.3% YoY. The company has further added that its quarterly profits were impacted by an exceptional item of Rs 200 m towards provision for decline in value of investment in Daily Bread, a gourmet bakery chain. Accounting for the exceptional item, the net profits have grown by 4% YoY. The company has recommended an annual dividend of Rs 12 per share. The stock is trading 2.3% down today.

Most software stocks are trading higher today. HCL technologies and Infosys are leading the gainers. As per a leading financial daily, India's second largest software firm Infosys has completed the initial evaluation of eight internal candidates for the post of CEO. Infosys is putting together a leadership succession plan in place as the present CEO S.D Shibulal, has expressed his wish to step down earlier than his scheduled retirement in March 2015. The company has been under pressure from institutional investors to bring in a CEO from outside the firm. For this purpose Infosys has hired the renowned executive search firm Egon Zehnder, to present to the board, a list of 8-10 potential candidates from around the world. In the meanwhile the company is narrowing down the list of potential internal candidates as well. The board will then take the final call after considering candidates from both lists. Infosys is trading up 1.7% 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 "Indian markets trade in the red". 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.