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

Final hour decline!
Mon, 10 Aug Closing

The Indian equity markets lost their radiance towards the end and fell sharply in the last hour of trade after starting the day on a firm note. The BSE-Sensex closed lower by about 135 points, while the NSE-Nifty ended lower by about 39 points. Stocks from the metal, oil & gas and PSU spaces were amongst the least favored today. Midcaps and small caps also ended the day with marginal losses. The BSE Midcap index was down by 0.1% while the BSE Smallcap index was down by 0.4%.

Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite and the Nikkei 225 rose by 4.92% and 0.41% respectively. The Hang Seng lost 0.16%. European shares have opened the trading day on a positive note. The rupee was trading at 63.75 against the US$ in the post noon session.

Shares of BHEL Ltd surged after it was reported that the company has added one more coal-based power plant to the grid by successfully commissioning the 500 MW Unit-13 of Vindhyachal Super Thermal Power Station (STPS), Stage-V of NTPC. The project is located in Vindhyanagar in Singrauli district of Madhya Pradesh. Significantly, company had earlier commissioned 6 units of 500 MW rating each at Vindhyachal power station. With the commissioning of this unit, company has now commissioned 7 sets of 500 MW aggregating to 3,500 MW, the highest by BHEL in a power project. The scrip of BHEL ended the trading day up by 2.3% on the BSE.

Shares of Wockhardt surged more than 3% after the company declared its Q1 results of FY16. On the consolidated basis, the company has reported over fivefold jump in its net profit after tax, minority interest and share of profit/(loss) of associates at Rs 1.14 bn for the quarter ended June 30, 2015 as compared to Rs 199.5 m for the same quarter in the previous year. Net sales grew by 15.1% YoY to Rs 11.4 bn while other income nearly jumped 183% to Rs 233 m in the quarter gone by. Operating profit increased 2.7 times to Rs 1.67 bn and margin expanded by 840 basis points to 14.7% compared to corresponding quarter of last fiscal.

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 "Final hour decline!". 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.