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 share markets open firm
Wed, 28 May 09:30 am

All the major Asian stock markets have opened the day in the green note with stock markets in Japan (up 0.4%) and Hong Kong (up 0.8%) leading the gains The Indian share markets have also opened the day on a firm note. Barring FMCG, auto and metal, the sectoral indices have opened on a positive note with the stocks in the power and capital goods sector leading the gains.

The Sensex today is up by around 80 points (0.3%), while the NSE-Nifty is up by about 23 points (0.3%). The midcap and smallcap stocks have also opened in the green with BSE Mid Cap and BSE Small Cap indices up by around 0.7% and 0.9% respectively. The rupee is currently trading at Rs 59.11 to the US dollar.

As per a leading financial daily, the Securities and Exchange Board of India (SEBI) has written to Finance Ministry proposing the minimum public shareholding (MPS) in public sector undertakings (PSUs) to be raised from 10% to 25 %. It is important to note here that 25% free float norm for private companies has already been successfully implemented. The rationale behind the same was to restrict stock price manipulation and to raise participation from investors. SEBI now wants the government to cut down its holdings in PSUs to below 75 %, to level the playing field. SEBI is likely to set a 3 year timeframe for PSUs to meet the requirement, to avoid crowding out. Currently, there are about 30 PSUs with government holdings of more than 75 %. At current market rates, this would imply offloading of around Rs 600 bn stake by the Government. As per the sources, the finance ministry would consult other ministries before accepting SEBI's proposal. As such, the final discussion on the matter may take some time.

Container Corporation of India Ltd., the market leader in container rail transportation has reported has announced results for the quarter ended March 2014. The net income from operations were up 5% year on year (YoY) during the quarter. Segmentwise, the income from 'Export-Import' segment registered a flattish growth, while the 'Domestic' segment grew by 26% YoY. The net profit for the quarter was up 9% YoY. For FY14, the growth in the revenues and net profit stood at 13.1% YoY and 5% YoY respectively. On a consolidated basis, the net profit for fiscal year (post minority interest) grew by 2% YoY. The board has recommended a final dividend of Rs.5.3 per equity share for FY14

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 share markets open firm". 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.