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

Healthcare stocks in demand
Wed, 19 Aug Closing

Indian equity markets began the day's proceedings on a cautious note today and gradually moved higher into the green as the day progressed on the back of buying activity across heavyweights. While the BSE-Sensex today closed higher by 101 points, the NSE-Nifty today closed higher by 29 points. The S&P BSE Midcap finished on a flat note and the S&P BSE Smallcap closed higher by 0.2%. Gains were largely seen in healthcare, consumer durables and IT stocks.

Asian stock markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 1.23%, while the Nikkei 225 led the Hang Seng lower. They fell 1.61% and 1.34% respectively. European markets are trading sharply lower today with shares in Germany off the most. The rupee wiped off its initial losses and was trading strong at 65.22 against the US$.

Shares of Hero MotoCorp surged more than 2% in intraday trading today after it was reported that the company has decided to develop its Halol plant in Gujarat into an export hub. The Halol plant will not only help support the western market more efficiently, it will help the company reach global destinations faster, since it is within close proximity of ports. By the year 2020, the company aim to surpass 100 m units in cumulative production with annual bike and scooter sales of 12 million units. Reportedly, the company is also planning to have more than 20 manufacturing and assembly plants globally with sales in more than 50 countries by that year.

Stocks in the banking sector finished the day with moderate losses with Union Bank and Canara Bank witnessing majority of the profit booking. According to a leading financial daily, ICICI Bank has acquired 8.89% stake valued at over Rs 246.9 m in leading rose exporter Karuturi Global. The bank has acquired 72,000,000 equity shares by way of invocation of pledge on August 17, 2015. Karuturi Global is a leading producer of cut roses with operations spread across Ethiopia, Kenya and India. With over 292 hectares under greenhouse cultivation, the company annually produces around 555 m stems of quality cut roses for exports to high-value markets. The script of ICICI Bank ended the day up by 0.8% on the BSE.

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 "Healthcare stocks in demand". 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.