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

Pharma, realty stocks lead gainers
Tue, 31 May 01:30 pm

The Indian stock market continued to trade firm in the last two hours of trade. All sectoral indices are trading in the green. Stocks from the FMCG, realty, banking and healthcare are leading the pack of gainers.

The BSE-Sensex is trading up by 238 points while NSE-Nifty is trading 78 points above the dotted line. BSE Midcap and BSE Small cap indices are up 1.3% and 0.8% respectively. The rupee is trading at 45.03 to the US dollar.

Most of the Power stocks are trading firm with PTC India Ltd, Coal India, and Torrent Power Ltd leading the pack of gainers. However, Neyveli Lignite is trading weak. As per a leading financial daily, NTPC is planning to raise as much as US$ 500 m from the foreign bond market through a dollar denominated issue. The funds will be used to add 5,000 megawatt (MW) of capacity in the next fiscal. The company wants to benefit from the relatively lower interest rates in the foreign markets. The fund limit may be raised further depending upon the coupon rate. The company management has been organizing roadshows in Singapore, London and Hong Kong for the same purpose.

NTPC has huge expansion plans in the coming years for its coal and gas based power plants. It is also trying to capture the coal assets abroad. The company has asked power ministry to let it raise funds through tax free bonds in the country on which the final call will be taken by finance ministry. The company has around Rs 200 bn of cash reserves on its balance sheet. The stock of the company is trading in the green.

Most of the energy stocks are trading firm as well with Gujarat Gas, Indraprastha Gas, Petronet LNG and Indian Oil Corporation leading the pack of gainers. However, Chennai Petroleum Corporation and Castrol India are trading firm. ONGC has released results for the fourth quarter and FY11. The company reported a flattish growth of 0.7% YoY for net sales during the quarter. The bottomline declined by 26% YoY during the quarter, dragged down by a subsidy burden that more than doubled as compared to last year. The company's crude oil production was marginally down at 24.42 million tonnes (MMT) in 2010-11 against 24.67 MMT in the last year. Gas output was almost flat at 23.09 billion cubic metres. For FY11, the company reported a growth of 12% YoY and 16% YoY on standalone and consolidated basis respectively. The bottomline for FY11 registered an increase of 13% YoY and 16% YoY on a standalone and consolidated basis respectively.

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 "Pharma, realty stocks lead gainers". 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.