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

Strong start to the week
Mon, 27 Jun Closing

Indices in the Indian stock market came off the day's highs during the closing hours. However, the selling was not particularly intense and as a consequence, they managed to close the day strongly in the positive. Thus, BSE-Sensex edged higher by around 170 points whereas gains on the NSE-Nifty came in at around 55 points. Gains were also seen in the BSE Midcap and BSE Small cap space as both the indices closed higher by around 0.8% each. On the advance to decline ratio, only one stock closed the day in the red as opposed to four that edged higher.

While most Asian indices closed the day in the red, European indices are trading mostly in the positive currently. The rupee was trading at Rs 45 to the dollar at the time of writing.

State-run Rural Electrification Corporation (REC) witnessed a positive sentiment on the bourses today and closed higher by around 3%. Investor interest was perhaps triggered by news doing the rounds that the company is planning to diversify into power generation by setting up renewable energy projects with an investment of about Rs 28 bn. This would be done over the next five years and would be undertaken by its subsidiary REC power distribution company. REC is targeting a capacity of 300 to 400 MW in renewable energy and is in discussion with a number of players for the same. The company will like to have projects that have PLF of 50% or more. PLF is an indicator of the average capacity utilisation of a plant.

Tata Steel, world's sixth largest steel producer, has said that it may increase production of auto-grade steel by 20% to 1.2 m tonnes in the current financial year. This step will be taken on account of increased demand of steel from the auto sector. It should be noted that the company supplied one million tonnes of auto grade steel in FY11 and this year it is aiming to touch 1.2 m tonnes. However, it has no plans of stopping here. It aims to increase its capacity in auto steel at a similar rate over the next few years as well. Currently, almost 40% of the country's auto steel comes from the company and it is taking adequate steps to ensure that the market share remains the same in the forthcoming period. The stock closed 2% higher on the bourses today.

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 "Strong start to the week". 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.