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

Auto drives markets higher
Fri, 15 Jun 01:30 pm

The Indian equity markets continued to rise steadily during the post noon trading session as buying activity was seen in stocks across the board. Stocks from the auto and banking spaces lead the pack of gainers while those from the power and Oil and gas spaces were amongst the top underperformers.

The Sensex today is trading higher by about 160 points (up 1%), while the NSE-Nifty is trading higher by about 60 points (up 1.13%). The BSE Mid Cap and BSE Small Cap indices are trading higher by about 0.5% and 0.3% respectively. The rupee is trading at 55.76 to the US dollar.

Auto stocks are currently trading firm led by Tata Motors, Hero Motocorp and M&M. The stock of Tata Motors is trading firm on the back of news of strong growth in global sales. It is reported that global sales grew by 12% YoY during the month of May 2012. Total volumes stood at 96,089 units. Sales of Jaguar Land Rover, the company's luxury brands stood at 30,094 units during the month. This figure is higher by 35% YoY. If we further dive into the numbers, the growth was largely led by higher sales of Land Rover, up 42% YoY while sales from the Jaguar stable rose by 3% YoY only. Within the breakup of commercial and passenger vehicles, the latter grew by 6 YoY, while commercial vehicles sales grew by 3 % YoY to 45,025 units. It may be noted that apart from JLR, Tata Motors Group's global sales comprise of Tata, Tata Daewoo and Hispano Carrocera range of commercial vehicles.

FMCG stocks are currently trading firm led by Dabur, Godrej Consumer and Hindustan Unilever. As per a leading financial daily, Anglo-Dutch consumer goods major Unilever has put forward plans to close three plants and an office in UK. The changes are likely to take effect by the end of 2013 and will translate into 500 direct job losses and 300 contractor and third party job cuts. Some jobs are likely to be outsourced to Unilever's IT centre in Bangalore, India. As per Unilever UK, the job cuts have been announced in the face of very tough economic conditions faced by the company in Europe.

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 "Auto drives markets higher". 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.