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

India share markets rebound
Thu, 5 Jun 01:30 pm

Indian share markets recouped losses and are trading higher in the post-noon trading session. Barring banking, all the sectoral indices are trading in the green with metal and power stocks being the biggest gainers.

BSE-Sensex is up 67 points and NSE-Nifty is trading 29 points up. BSE Mid Cap is trading 1.1% up and BSE Small Cap index is trading up by 1.5%. The rupee is trading at 59.25 to the US dollar.

All the retail stocks are trading in the green led by Trent and Provogue. As per a leading financial daily, Titan Industries has outlined capital expenditure of Rs 2.5 bn in FY15 out of which Rs 1.5 bn will be spent on expanding capacities and the remaining on retail expansion. In FY15, the company will be adding 40 World of Titan stores to its existing 470 stores, 10 Helios stores to the present 50 stores and 50 Fastrack stores. Titan has also earmarked Rs 1 bn for expansion of Montblanc boutiques. The company recently entered into a joint venture with Montblanc for the sale of the latter's pens and men's top-end lifestyle products. The joint venture is expected to commence operations in January 2015. Titan stock is trading up by 1%.

Majority of the food stocks are trading in the green with Nestle and Agro Tech Foods being among major gainers whereas GSK Consumer and ITC are trading in the red. As per a leading financial daily, Britannia Industries is focusing on the top end of the biscuit market where it has a muted presence in the form of Pure Magic that competes with strong rivals such as ITC's Sunfeast Dark Fantasy and Mondelez's Oreo. Apart from product innovations in the top-end of the biscuit market, the company is also planning to increase its distribution in rural as well as urban regions. Britannia is targeting to increase its distribution reach from 3.6 m to 5 m outlets over the next three years. The company would also be strengthening its distribution in north and west by setting up plants in Uttar Pradesh, Gujarat, Orissa, Bihar and Uttaranchal. But this will be after completion of the cost rationalization initiatives in the form of lower outsourcing. Britannia has reduced the number of plants from 65 to 35 and wants to further reduce it to 20. Presently the company has six company-owned plants and five plants in which it has an equity stake. These 11 factories account for 50% of the overall biscuit production. Britannia stock is trading up marginally.

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 "India share markets rebound". 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.