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 sole loser in Asian mkts
Wed, 20 Jul Closing

Barring some stocks in the FMCG and realty sectors, few others found investor appetite in the Indian markets today. As a result, despite a firm start, the benchmark indices in Indian stock market succumbed to selling pressure by the end of the day's trade. Mid and smallcap stocks too ended lower.

The BSE-Sensex and NSE-Nifty closed 151 points (down 0.8%) and 47 points below yesterday's closing respectively. The BSE Midcap index was down by 0.9% while BSE Small cap index ended lower by 0.4%. The rupee was trading at 44.48 to the US dollar.

ING Vysya Bank reported the financials for the first quarter of financial year 2012. The bank's profit for the quarter grew by 36% YoY backed by 42% YoY growth in revenues. Earlier in June, the bank raised Rs 5 bn through qualified institutional placement (QIP) to augment its capital adequacy ratio and fund future growth. However, the bank continues to have amongst the highest proportion of operating costs to income ratio in the banking sector. Even after some cost control measures, the bank's cost to income ratio is well above 50%. This was much higher than the average of the largest PSU and private banks. The stock closed 3% lower in today's trade.

Gas Authority of India (GAIL), the country's largest gas transmission and marketing company is likely to acquire 50% stake in Andhra Pradesh Gas Distribution Corporation (APGDC). This MoU is expected to be signed 2QFY12 itself. The total paid up capital of APGDC is Rs 10 crore and there may be some premium also for the stake. According to the Petroleum & Natural Gas Regulatory Board rules, the companies which are bidding for the city's gas distribution network contracts should have experience of laying at least 300 km of gas network or should have three engineers on payrolls who participated in creation of similar network. If the move is successful, APGIC which was set up with an intention to create gas transportation infrastructure, will be eligible to participate in the bids for creating gas distribution networks in the country.

GAIL has already entered into tie-ups with state entities in Karnataka and Kerala for city gas distribution and is said to be in talks with entities in various states, including Rajasthan, Maharashtra and Tamil Nadu. The stock of GAIL ended with a status quo 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 "India sole loser in Asian mkts". 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.