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

Consumer durable in limelight
Fri, 12 Sep 01:30 pm

Indian share markets pared early gains but managed to remain marginally positive in the post-noon trading session. Sectoral indices are trading mixed with consumer durable and FMCG stocks being the biggest gainers. Power & capital goods, on the other hand, are trading in the red.

BSE-Sensex is up 3 points and NSE-Nifty is trading down marginally. BSE Mid Cap is trading 0.1% up and BSE Small Cap index is trading up by 0.6%. The rupee is trading at 60.78 to the US dollar.

Most of the automobile stocks are trading in the green with Escorts and Force Motors being the biggest gainers whereas TVS Motors and Maharashtra Scooters are trading in the red. As per a leading financial daily, Maruti Suzuki has revised upwards its sales growth projections for FY15 in line with the improvement in offtake in the domestic automobile market. The company expects double-digit growth in the range of 12-16% for FY15. Maruti Suzuki had earlier projected sales growth of 7-8% during the year. The company would be investing Rs 40 bn over the next five years for the development of at least five new products at the domestic Research & Development Centre. But the new products will continue to have platform and power trains from Suzuki Japan. The first model with substantial local content will be a sports utility vehicle to be launched in 2016. This development is significant as the company will have to shell out royalty lower than 5% for these new cars designed and developed in India. Maruti Suzuki stock is currently trading up 1.2%.

Most food & tobacco stocks are trading on a higher note today. VST Industries and Britannia Industries are leading the pack of gainers, while Nestle is among the few stocks trading weak today. As per a leading business daily, Britannia Industries is planning to invest about Rs 2 bn for gaining market share and leading the branded biscuits segment led by its management vision. This investment will be utilized towards capacity expansion, innovation, introduction of superior products and technology upgradation. As part of its turnaround strategy, the company is planning to build R&D team to ensure pipeline of innovations and superior new products ready for launch in the next few months. It is also planning to enter the gourmet category. Reportedly, Parle is currently leading the branded biscuits segment with 38% market share, followed by Britannia with 34% share.

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 "Consumer durable in limelight". 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.