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

Mid cap stocks buck trend
Wed, 26 Jun 01:30 pm

Indian share markets continued to linger above the dotted line in the post-noon trading session. Majority of the sectoral indices are trading in the green with IT, power and oil and gas stocks being the biggest gainers. However, auto, metal and pharma are among the few stocks trading in the negative.

BSE-Sensex is up 33 points and NSE-Nifty is trading 13 points up. BSE Mid Cap is trading down marginally where as BSE Small Cap index is trading up by 0.2%. The rupee is trading at 59.8 to the US dollar.

Majority of the mining stocks are trading in the red with Metals and Minerals Trading Corporation of India Ltd. (MMTC) and Manganse Ore India Limited (MOIL Limited) being the biggest losers. However, Ashapura Minechem and Gujarat NRE Coke are among the few stocks trading in the positive. As per a leading financial daily, Coal India Ltd (CIL) has chalked out plans to set up seven coal washeries with an estimated capacity of 16 m tonnes. Presently, the company has 17 washeries with an installed capacity of 35 m tonnes. The new washeries are part of the 12th Five Year Plan and will be set up at an investment of Rs 20 bn. The washeries will be developed on a public-private-partnership format and will be on a turnkey basis. The maintenance cost of the washeries will be incurred by CIL. The company has already signed agreement for two washeries and would sign for two more in the near future. CIL stock is trading marginally up.

Most of the automobiles stocks are trading in the red with Mahindra and Mahindra and Tata Motors leading among the losers. As per a financial daily, Tata Motors expects a 3% growth in the market share of its passenger vehicles segment. This would increase the market share to 15% from the current 12%. Reportedly during the previous year, market share of the company had declined to 12%. As per Ranjit Yadav, who is president of Tata Motors passenger vehicle unit, though the company expects to improve the overall market share, the growth for next couple of quarters is expected to be weak. In order to improve, its service initiatives, the company is also revamping its sales outlets. The stock was trading down by 2.9%.

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 "Mid cap stocks buck trend". 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.