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Consumer durable in limelight
Tue, 12 Aug 01:30 pm

Indian share markets continued to trade higher in the post-noon trading session. Barring IT and FMCG, all the sectoral indices are trading in the green with consumer durable and auto stocks being the biggest gainers.

BSE-Sensex is up 166 points and NSE-Nifty is trading 43 points up. BSE Mid Cap is trading 0.2% up and BSE Small Cap index is trading up by 0.3%. The rupee is trading at 61.19 to the US dollar.

Majority of the FMCG stocks are trading in the green led by Emami and Jyothy Consumer. As per a leading financial daily, Hindustan Unilever (HUL) has split its home and personal care portfolio in two separate segments for greater focus on growth drivers for each of the business segments. The two business segments will have separate business directors replacing Hemant Bakshi who is the current executive director of the combined portfolio. Samir Singh who currently is the global vice president of Life Buoy and vice president of personal care lead, South Asia cluster will be appointed as executive director of personal care at HUL. Priya Nair who presently is the vice president of laundry at HUL will be appointed as executive director of home care. The home and personal care segment accounts for 78% of the company's overall revenues out of which soaps and detergent segment has a share of 49% whereas personal product segment has a share of 29% of total sales. HUL stock is currently trading down marginally.

Most of the power stocks are trading in the green with PTC India and JSW Energy being among major gainers. As per a leading financial daily, NTPC is evaluating 7,000 to 8,000 MW of stressed thermal assets for acquisition. As per the company, it has been offered 55,000 MW of stranded thermal assets out of which 7,000 to 8,000 MW was being evaluated by a subcommittee. The company has appointed a consultant to aid in its assessment process. NTPC is the country's largest power producer having an installed capacity of 43,128 MW, including group companies, and an additional 22,414 MW capacity which is under construction. The company plans to add 14,228 MW by FY17. However Central Electricity Regulatory Commission's new tariff order has hit the company's profits. NTPC stock is currently trading up by 1.6%.

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